This article examines Japanese colonial policy in Korea and how it affected the economic realities and lifestyles of people in Japan and Korea. I argue that Japanese colonial policy in Korea led to unprecedented economic growth, but that Koreans were disadvantaged due to institutional discrimination. As a result, there was an increasing gap in living standards. Japanese capitalists and companies were given preferential treatment, which also led to a deterioration of the agricultural livelihoods of Japan. In summary, colonial policy compromised the livelihoods of both Koreans and Japanese farmers.
How to Cite:
Dergay, A., 2020. The Economic Implications of Japanese Colonial Policy in Korea. Knowles Review of Economic History, 1(1), pp.71–86.