Getting entrepreneurial in Korea (Summer School)
Planet MoneyThis week’s stop on our world tour - Korea. A country divided into two very different power structures since the end of WWII. Today South Korea is the maker of some of the world’s favorite exports – from Samsung TV’s to BTS. But 75 years ago it was a much different story. How the textile industry and a partnership with Bangladesh lifted the country out of poverty and paved the way for rapid economic growth.
Then later in this episode – how entrepreneurial endeavors look different on the other side of the 38th parallel. We’ll follow a woman who started her own small business selling goods in North Korea. How are the Donju, members of the affluent entrepreneurial class, faring and can capitalism exist in a highly restrictive socialist society?
Featured Episodes:
Featured Terms:
Support:
And please click “follow” in your podcast app so you don’t miss an episode.
Read:
Follow:
This episode of Planet Money Summer School is hosted by Robert Smith. It was produced by Schuyler Swenson and Sophia Paliza-Carre and edited by Planet Money Executive Producer Alex Goldmark. It was fact-checked by Charlotte Isidore and engineered by Annlie Huang.
Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. Planet Money's perks include bonus episodes and sponsor-free listening. Learn more at plus.npr.org.
See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.
NPR Privacy Policy
Then later in this episode – how entrepreneurial endeavors look different on the other side of the 38th parallel. We’ll follow a woman who started her own small business selling goods in North Korea. How are the Donju, members of the affluent entrepreneurial class, faring and can capitalism exist in a highly restrictive socialist society?
Featured Episodes:
- Richard Nixon, Kimchi and the first clothing factory in Bangladesh (2013)
- North Korea's Capitalists (2017)
Featured Terms:
- Volatility
- Inflation expectations
- Capital controls
- Austerity
Support:
And please click “follow” in your podcast app so you don’t miss an episode.
Read:
- Our book: Planet Money: A Guide to the Economic Forces That Shape Your Life (Audiobook here)
- Our weekly longform Planet Money newsletter
- Our weekly Indicator link round-up newsletter
Follow:
This episode of Planet Money Summer School is hosted by Robert Smith. It was produced by Schuyler Swenson and Sophia Paliza-Carre and edited by Planet Money Executive Producer Alex Goldmark. It was fact-checked by Charlotte Isidore and engineered by Annlie Huang.
Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. Planet Money's perks include bonus episodes and sponsor-free listening. Learn more at plus.npr.org.
See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.
NPR Privacy Policy
Read more
Share this episode:
The podcast:
The economy explained. Imagine you could call up a friend and say, “Meet me at the bar and tell me what’s going on with the economy.” Now imagine that’s actually a fun evening.
Explore more content:
Business A random podcastHow can I listen to other podcasts?
Click here to discover another podcast randomly, or here to browse our categories. Lazy? That's okay, we did some research and selected podcasts just for you.
And what is Podmust?
Podmust is a french project aiming to promote the best podcasts. You can help us by sharing this page (this also helps the podcast, by the way). Thank you! 🙏
Stay informed, the audio way.
Podmust curates what you need to listen.
Discover some of our collections:
our best Music podcastsour best TV & Film podcastsour best News & Politics podcasts.
What Florida's primaries tell us about American voters
While it may not be the swing state it once was, the candidates and outcomes in Florida's primary elections provide some clues as to where U.S. politics are going in the future. We look at… The NPR Politics PodcastPrinter? I Hardly Know Her!
Jon Ossoff attacks Trump for sidestepping his duties to "travel with Natalie," the White House aide known as Trump's "Human Printer," who has a suspiciously close relationship to the… Pod Save AmericaHow Tech Executives Limit Their Kids’ Screen Time, and Trump’s Race to Finish His Ballroom
The HeadlinesFlorida Primary Results, US-Canada Tariffs, Meta Trial Begins
Up First from NPRPrimary Election Results, Trump Delays Canada Tariffs, More
Bloomberg News NowThat’s So Meta: Landmark Tech Trial Begins
Start HereTrump’s Iran war puts the GOP in a political bind
The ExcerptGet In Loser, We’re Friction-Maxxing
ICYMI
UK Edition
The people v the datacentre? The fight for Brick Lane
Annie Kelly heads to Brick Lane to hear from residents campaigning against a massive datacentre on one of London’s most famous streets. Help support our independent journalism at… Today in Focus
Burnham's three big tests - and trouble at Reform UK
The prison early release scheme is Andy Burnham's first big test as prime minister. There are no good options. Can he make a successful argument that he's picked the least bad?No 10 wants… The State Of It
‘Farage didn’t know’: Reform rebel blames Zia Yusuf for suspension
In Tuesday’s episode of The Daily T, Camilla Tominey and Tim Stanley speak to Tim Montgomerie, a high-profile Reform UK supporter, who says he will appeal against the party’s decision… The Daily T
Will the Ferguson shipyard ever build another ferry?
Ferguson Marine – the Clyde’s last shipyard, which was nationalised in 2019 – has announced it will have to cut 70 jobs, a quarter of its work force. Martin Geissler speaks to the… ScotcastWell, the bad news is: we're French. But the good news is: Podmust curates the world's podcasts so you can focus on staying informed or entertained. And voilà!
© Podmust