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The politics of South Korea take place in the framework of a presidential representative democratic republic, whereby the president is the head of state, and of a multi-party system. To ensure a separation of powers, the Republic of Korea Government is made up of three branches: legislative, executive, and judicial.
e. The economy of South Korea is a highly developed mixed economy. [ 20 ][ 21 ][ 22 ] By nominal GDP, the economy was worth ₩2.24 quadrillion (US$1.72 trillion). It has the 4th largest economy in Asia and the 14th largest in the world as of 2024. [ 3 ] South Korea is notable for its rapid economic development from an underdeveloped nation to ...
v. t. e. The Government of South Korea is the national government of the Republic of Korea, created by the Constitution of South Korea as the executive, legislative and judicial authority of the republic. The president acts as the head of state and is the highest figure of executive authority in the country, followed by the prime minister and ...
South Korea, [ c ] officially the Republic of Korea (ROK), [ d ] is a country in East Asia. It constitutes the southern part of the Korean Peninsula and borders North Korea along the Korean Demilitarized Zone; though it also claims the land border with China and Russia.
The bank projects South Korea’s economy to grow at 2.4% this year, down from 2.6% in 2023. South Korea’s central bank on Friday cut its policy rate for the first time in more than four years ...
After Japan 's defeat in the Pacific War in 1945, the Korean region, which was part of Japan's territory, was occupied by American and Soviet forces. In 1948, with the end of the U.S. military government, South Korea declared its independence from Japan as the Republic of Korea. In 1952, when Japan approved the independence of the Korean region ...
The June Democratic Struggle (Korean : 6월 민주 항쟁), also known as the June Democracy Movement and the June Uprising, [ 3 ] was a nationwide pro-democracy movement in South Korea that generated mass protests from June 10 to 29, 1987. The demonstrations forced the ruling government to hold direct presidential elections and institute other ...
Since then, South Korea has suffered from more than 20 years of military dictatorship. Until South Korea was fully democratized in 1988, there have been several democratization movements, including Bu-Ma Democratic Protests and Gwangju Uprising. South Korea was democratized in 1987, but it was in 1998 that liberals changed their regime.