As North Korea dithers, South Korea will continue on its path of growth. It has done well and can do so for many more years. It is open to the world and especially to China, taking full advantage of its giant neighbour’s markets and labour resources. When I visited South Korea a few years ago, every other businessman I met had business interests in China. The Koreans also make up the largest group among the foreign student population, learning the language and building important relationships, or guanxi, for the future.

