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This article deepens our understanding of the South Korean economic miracle in three ways. First, using the most recent economic data, I demonstrate that the South Korean economy continues to impress when evaluated in comparative perspective. Second, I argue that geopolitics, such as the country’s unique relationships with the United States and China, heavily shaped South Korean economic success during the Cold War years. Third, geopolitics and economic growth continue to intersect in South Korea’s current strategy regarding free trade agreements.