Comment: South Korea is world leader in crisis management

The Asian nation’s handling of Covid-19 and the subsequent economic fallout shows up the incompetence displayed by some other advanced economies

A South Korean man wears a mask with the country’s flag on it: South Korea has prevented a disruptive nationwide epidemic, containing occasional flare-ups as they have arisen. Picture: Getty

Last week the OECD signalled that it would be revising its 2020 real (inflation-adjusted) GDP forecast for South Korea from -1.2 per cent to -0.8 per cent, adding to the confidence that the country is faring better economically than any other OECD member.

On average, the group’s 37 member states are projected to experience a real GDP contraction of 7.6 per cent. Worse, this news came just a day before the British government reported a ...