Korean Model for Development. South Korea will use the opportunity of hosting the G20 to put itself forward once again as a model for development. After having lost much of its luster during the Asian Financial Crisis, the South Korean model is once again attracting global attention. Of particular interest are the reforms South Korea made to its financial system after the crisis. South
Korean leaders are now eager to put forward their model of financial regulation with a unitary regulatory structure as a model for other nations to emulate