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Will the Promise of a Second South Korea Miracle Be Fulfilled?

Hanjin Shipping's container terminal is seen at the Busan New Port in Busan, about 261 miles southeast of Seoul.

Will the Promise of a Second South Korea Miracle Be Fulfilled?

South Korean President Park Geun-hye took office in February pledging a "Second Miracle on the Han River", a reference to her father's rapid 1970s industrialization, but nine months into office little has materialized. On the face of it, there is little wrong with what is one of Asia's industrial powerhouses, but longer term the lack of a viable domestic economy based on services means the world's fastest aging country could face a major collapse in growth.

Reporting by Christine Kim, REUTERS.