South Korean rapper Psy's "Gangnam style" video has received as many as 280 million views, showing the wealth growth of South Korea in a strange (or eye-catching) way. South Korea's economy has experienced great changes known as the "miracle of the Han River". This dance video euphemistically ridiculed the new lifestyle brought about by the change-nouveau riche temperament and plastic surgery.

It's a bit strange to worry about recession at this time. From Canberra to Cupertino, Samsung and Hyundai have become the first choice brands for consumers. South Korea's per capita income is 30,000 US dollars, which is very close to the EU average of 33,000 US dollars.