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Prosperity In The Shadow Of A Dictator

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In this week's Fast Money World we turn on the webcams half way around the world and shed some light on South Korea. This emerging economy has grown about 8% a year since the Korean War, despite being in the shadow of a North Korean dictatorship. What is it like to live in this shadow?

Anne Jackson is an MBA student at SKK GSB in Seoul where she is also class president. She joins the guys for this conversation.

Why do you live in South Korea right now?

I came here to be in the middle of the Asian boom and there are a lot of dynamic things going on here, explains Jackson. The economy is doing well. (South Korea is trading) with China and the economy is growing quickly.

Is South Korea worried about the fall of North Korea and/ or having to reunite with them?

Yes. They’re looking to reunite at the end of 20 years. (Right now) North Korea can’t afford to keep their lights on past 10pm at night. So you can see there’s going to be a lot of economic and cultural stress.

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