A writer in The Guardian thinks we should emulate South Korea after Brexit (HERE). He holds the south Asian country up as an example for us to follow. It has a 50 million population and a land area of 100, 000 sq km - close to our 65 million and 130,000 sq km apparently. Unfortunately, it has a GDP about half of ours and an income per capita about 60% of the UK's.
I agree there are some thing about South Korea we could emulate - the industrial performance is excellent and they have many world class companies like Samsung and Hyundai - chaebols or industrial conglomerates - that we might want to copy. However, the writer doesn't explain why it's necessary to leave the EU to do it.
EU rules prevent state aid it's true but South Korea's success in the last half century or so is down to more than state aid alone. There is no EU directive preventing us emulating Germany but we can't manage it.
As a follow up to this story, a letter in The Guardian (at the end of these letters HERE) by Troy Stangarone who is Senior Director at congressional affairs and trade, Korea Economic Institute, says South Korea is trying to emulate us, and if the writer (Christian Spurrier) "wants South Korea to be the model for the post-Brexit UK, perhaps he needs only to look to the pre-Brexit UK for the way forward".
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