 Since the 1960s, South Korea became one of East Asia's fastest growing economies achieving a rapid increase in its GDP per capita more quickly than any of its neighbors.With a strong emphasis on the importance of innovation, raw intelligence and brainpower, benchmarking, economic competitiveness, and industriousness, propelled a war torn and impoverished South Korea into a country of efficient resource allocation and increasing value creation.Transforming itself from a resource-poor peninsula to an advanced high technology powerhouse with a cutting-edge electronic, automobiles, shipbuilding, steel, and petrochemicals industry contributed to the country's robust and sustained economic growth for over 50 years.