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1950s - South sustained by crucial US military, economic and political support.. 1960s - Major programme of industrial development.. 1988 - First free parliamentary elections.. 1996 - South Korea ...
The economy of South Korea is a highly developed mixed economy. [19] [20] [21] By nominal GDP, the economy was worth ₩2.61 quadrillion (US$1.87 trillion).It has the 4th largest economy in Asia and the 12th largest in the world as of 2025. [3]
South Korea's economy was one of the world's fastest-growing from the early 1960s to the late 1990s, and was still one of the fastest-growing developed countries in the 2000s, along with Hong Kong, Singapore and Taiwan, the other three Asian Tigers. [199] It recorded the fastest rise in average GDP per capita in the world between 1980 and 1990 ...
The traditional culture of Korea is the shared cultural and historical heritage of Korea before the division of Korea in 1945. Since the mid-20th century, Korea has been split between the North Korean and South Korean states , resulting in a number of cultural differences that can be observed even today.
South Korea's travel and tourism industry, which generated 84.7 trillion won ($59.1 billion) in 2023, around 3.8% of GDP, has held up through previous bumps in the road, including a 2016 ...
South Korea's economy returned to growth in the third quarter, recovering from its sharpest contraction in more than a decade, as the government pushed through stimulus measures and major trading ...
China has been South Korea's largest tourism source for years. In 2016, visitors from China made up 46.8% of tourists in South Korea. However China imposed a group tour ban after the US military deployed the Terminal High Altitude Area Defense (THAAD) system in South Korea. From April 2017, Chinese tourists plummeted by more than 60% compared ...
Last month, after 53-year-old poet and novelist Han Kang won the Nobel Prize for her literature, online boards were full of memes noting South Korea’s “Culture Victory” — a reference to ...