Asianometry
South Korean President Park Chung-hee believed that steel is national power. He wanted a huge integrated steel mill in South Korea. But the Western powers were skeptical. South Korea was extremely poor, without substantial iron reserves. Their workers, uneducated. For South Korea to go straight to what was then the most capital-intensive heavy industry was to defy economic orthodoxy. Too soon. Too inefficient. But Park Chung-hee believed Korea needed steel. So he pushed his country to build one of the world’s most advanced steel companies. In today’s video, we go back to the world of steel and recount one of South Korea’s most iconic companies: POSCO. ---------------------------------------- Get all episodes of Asianometry, Sharp Tech, Sharp China, Stratechery Updates and Interviews, Greatest of All Talk, and Dithering as part of Stratechery Plus [https://stratechery.passport.online/member/plan/4ycW4SE71Cy6ryrijywbTG] for $15/month or $150/year. ---------------------------------------- Listen to Stratechery [https://open.spotify.com/show/1jRACH7L8EQCYKc5uW7aPk]. Listen to Dithering [https://open.spotify.com/show/2qrjQTO7wFlkAs6juz1w1W]. Listen to Sharp China [https://open.spotify.com/show/4PGk72vZmL2uHwUB8Yqssk]. Listen to Sharp Tech [https://open.spotify.com/show/4vk2MfVMEAuOnTWUOz6lnE]. Listen to Greatest Of All Talk [https://open.spotify.com/show/29hrPvq9yABUvxAgSojUJE].
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