Per capita income rose only 1.7% for the last four years despite 4% annual growth Outlook of Korean economy highly dependent on export looks dim as major economies are expected to grow 1% level next year; Dream of big fortune through investment such as stocks won’t work.

It is another crisis. As the Euro zone sovereign crises show signs of escalating to a global financial debacle, the Korean stock market and currency have plunged. “The post-crisis U.S. economy is entering a “New Normal” era when low growth persists,” said Mohamed El-Erian, CEO of Pimco, the largest fixed income fund in the world. The Korean economy experiences a similar phenomenon of “deceleration.” Chosun Ilbo, in collaboration with the global consulting firm Bain & Company, suggest a series of survival strategies for individuals and businesses in a totally different environment of change.
(Full article only available in Korean)