South Korea Goes From Beggar to Best After Lessons of 1997 Slump

South Korea Goes From Beggar to Best After Lessons of 1997 Slump

SeongJoon Cho/Bloomberg

The stock market has risen fivefold, led by Samsung Electronics Co., which now makes almost a quarter of the world’s mobile phones, and Hyundai Motor Co. and its affiliate Kia Motors Corp. are the most profitable of the six biggest global automakers.