This week’s stop on our world tour - Korea. A country divided into two very different power structures since the end of WWII. Today South Korea is the maker of some of the world’s favorite exports – from Samsung TV’s to BTS. But 75 years ago it was a much different story. How the textile industry and a partnership with Bangladesh lifted the country out of poverty and paved the way for rapid economic growth. Then later in this episode – how entrepreneurial endeavors look different on the other side of the 38th parallel. We’ll follow a woman who started her own small business selling goods in North Korea. How are the Donju, members of the affluent entrepreneurial class, faring and can capitalism exist in a highly restrictive socialist society? Featured Episodes: <ul class="rte2-style-ul"><li><a href="https://www.npr.org/sections/money/2013/11/27/247564324/episode-499-richard-nixon-kimchi-and-the-first-clothing-factory-in-bangladesh"target="_blank" >Richard Nixon, Kimchi and the first clothing factory in Bangladesh (2013)</a></li><li><a href="https://www.npr.org/transcripts/551232343"target="_blank" >North Korea's Capitalists (2017)</a></li></ul> Featured Terms:  <ul class="rte2-style-ul"><li>Volatility</li><li>Inflation expectations</li><li>Capital controls</li><li>Austerity</li></ul> Support: <ul class="rte2-style-ul"><li><a href="https://n.pr/3HlREPz"target="_blank" >NPR+ (sponsor-free listening & bonus episodes) </a></li></ul>And please click “follow” in your podcast app so you don’t miss an episode. Read:  <ul class="rte2-style-ul"><li>Our book: <a href="https://lnk.to/i3AukBdD"target="_blank" >Planet Money: A Guide to the Economic Forces That Shape Your Life</a> (<a href="https://open.spotify.com/show/509P7k1QPcwgzOSCqVCDCZ"target="_blank" >Audiobook here</a>) </li><li>Our weekly longform <a href="https://n.pr/3zrFvUB"target="_blank" >Planet Money newsletter</a></li><li>Our weekly <a href="https://www.npr.org/newsletter/indicator"target="_blank" >Indicator link round-up newsletter</a></li></ul> Follow:  <ul class="rte2-style-ul"><li><a href="https://n.pr/3FqLuws"target="_blank" >Instagram</a></li><li><a href="https://n.pr/3sGZdrq"target="_blank" >TikTok</a></li><li><a href="https://lnk.to/iCVDaW3C"target="_blank" >YouTube</a></li><li><a href="https://n.pr/3h92GwS"target="_blank" >Facebook</a></li></ul> This episode of Planet Money Summer School is hosted by Robert Smith. It was produced by Schuyler Swenson and Sophia Paliza-Carre and edited by Planet Money Executive Producer Alex Goldmark. It was fact-checked by Charlotte Isidore and engineered by Annlie Huang. Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. Planet Money's perks include bonus episodes and sponsor-free listening. Learn more at <a href="http://plus.npr.org/"target="_blank" >plus.npr.org</a>. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences. <a href="https://www.npr.org/about-npr/179878450/privacy-policy">NPR Privacy Policy</a>

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