7/09 - Han River Miracle

---

Let’s have a brief look at South Korea.

South Korea's "Miracle on the Han River" exemplifies the role of Technical and Vocational Education and Training (TVET) in national economic transformation. During the 1960s and 1970s, South Korea invested in TVET to support burgeoning industries like electronics and automotive, quickly upscaling its workforce to meet industrial demands. The government fostered a policy environment that encouraged collaboration between industries and educational institutions, ensuring TVET programs were aligned with industry needs. This strategic focus on continuous learning and improvement enabled South Korea to evolve from an agrarian economy to a global leader in key industries by the 1990s, demonstrating the critical role of targeted educational investments in driving economic growth.

Here's a table summarizing these important phases in the development of South Korea's TVET system and its impact on economic growth:

This table reflects how a focused and well-implemented TVET strategy can lead to significant economic transformations by developing a workforce that not only meets current industry demands but is also prepared to adapt to future changes and innovations. South Korea's approach to TVET serves as a model for how vocational training can be strategically used to bolster national economic objectives.

TVET @ SAMSUNG

Samsung operates specialized training institutions that are part of its corporate social responsibility and talent development initiatives. These institutions, such as the Samsung Technical High School and Samsung Software Academy for Youth (SSAFY), are privately managed by Samsung. They are not public schools in the traditional sense; instead, they are part of Samsung's effort to directly influence and enhance the skills of potential future employees, focusing particularly on areas relevant to its business needs, such as electronics, IT, and software development.

These institutions offer targeted programs that align closely with Samsung’s technological domains, ensuring that students receive education and training that meet the high demands of the company’s various sectors. This approach helps Samsung maintain a pipeline of highly skilled workers who are well-prepared for the challenges of working in advanced technology environments. These schools are often tuition-free or subsidized, making them accessible to students and serving as an investment in the future workforce, which benefits both the students and the company.

---

Samsung Technical High School

Thank you for your time ❤️