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The Miracle on the Han River (Korean: 한강의 기적) was the period of rapid economic growth in South Korea, following the Korean War (1950–1953), during which South Korea transformed from one of the least developed countries into a developed country.
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 2024. [3]
The history of South Korea begins with the Japanese surrender on 2 September 1945. [1] At that time, South Korea and North Korea were divided, despite being the same people and on the same peninsula. In 1950, the Korean War broke out. North Korea overran South Korea until US-led UN forces intervened.
South Korea, [c] officially the Republic of Korea (ROK), [d] is a country in East Asia. It constitutes the southern half of the Korean Peninsula and borders North Korea along the Korean Demilitarized Zone. The country's western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan.
The Four Asian Tigers (a.k.a. the Four Asian Dragons or Four Little Dragons in Chinese and Korean) are the developed Asian economies of Hong Kong, Singapore, South Korea, and Taiwan. [1] Between the early 1950s and 1990s, they underwent rapid industrialization and maintained exceptionally high growth rates of more than 7 percent a year.
"South Korea will carry out its foreign and security policies without disruption and strive to ensure the South Korea-U.S. alliance is maintained and developed steadfastly," Han said, according to ...
The South Korean economy has prospered, and the country is now considered to be fully developed. North Korea has maintained a totalitarian militarized rule , with a personality cult constructed around the Kim family .
North Korea announced on Friday that its newly developed ... It’s not really clear if North Korea’s long-range missiles have good guidance to land at a specific target so the submarine would ...