Economic Tides Turn: South Korea Outpaces Japan in GDP Per Capita

For the first time in modern history, South Korea has surpassed Japan in GDP per capita. This economic milestone, achieved in 2022 and sustained in 2023, marks a significant shift in East Asia’s economic landscape. South Korea’s per capita GDP reached $36,194 in 2023, outstripping Japan’s $35,793. This reversal stems from several factors. The weak […]

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