Korea's economic growth came from export discipline, a kind of industrial policy where the dictator threw businessmen in prison if they didn't manage to get overseas customers. (See How Asia Works.)

That's not a free market, it's more like heading from communism towards free markets and then continuing over the other end of the horseshoe.

It has the problem that everyone in the country is now working themselves to death and is obsessed with plastic surgery rather than having children.