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Planet Money · August 19, 2026 · 40m
Getting entrepreneurial in Korea (Summer School)
Planet Money Summer School explores entrepreneurship in Korea. The first half tells the story of how South Korea's textile industry and a partnership with Bangladesh lifted the country out of post-war poverty and sparked rapid economic growth. The second half crosses the 38th parallel to North Korea, where a woman started her own small business selling goods, part of a growing affluent entrepreneurial class called the Donju. The episode examines how capitalism can emerge even in a heavily restrictive socialist society.
This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.
Highlights
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Misc
✧The episode originally aired as two separate stories: 'Richard Nixon, Kimchi and the first clothing factory in Bangladesh' (2013) and 'North Korea's Capitalists' (2017).
✧The Summer School episode also featured quick definitions of volatility, inflation expectations, capital controls, and austerity.
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