1. South Korea

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  2. About South Korea

    South Korea, officially known as the Republic of Korea (ROK) (Korean: 대한민국, ), ) is an East Asian country occupying the southern half of the Korean Peninsula. To the north, it is bordered by North Korea (Democratic People's Republic of Korea), with which it was united until 1945. To the west, across the Yellow Sea, lies China and to the southeast, across the Korea Strait, lies Japan.

    The Korean people trace their nation's founding to 2333 BCE by Dangun Wanggeom. Archaeological research shows that humans have indeed occupied the peninsula since the Lower Paleolithic period with political territories periodically expanding as far as mainland China and eastern Russia. Korea's history has been turbulent at times with the last emperor of Korea dating back to the age of the Korean Empire. Since the establishment of the modern republic in 1948, South Korea has struggled with the aftermath of the Japanese control (1910-1945), the Korean War (1950-1953), and decades of authoritarian governments, undergoing five major constitutional changes. While the government officially embraced Western-style democracy from its founding, presidential elections have sometimes suffered from rampant irregularities. It was not until December of 1987 that direct and fair presidential elections were finally held, largely prompted by nationwide popular demonstrations earlier that summer.

    South Korea had one of the fastest economic development in the world since the 1960s and is now the 3rd largest economy in Asia and the 11th largest economy in the world. In the late 20th century, many people referred to South Korea as a Newly industrialized country and an Asian Tiger due to its rapid economic growth. Today, South Korea forms the G20 industrial nations and is a Next Eleven nation with many developing countries referring to its economic success as the "Miracle on the Han River," using South Korea's success story as a role model. South Korea has a "High" HDI of 0.912 and is both part of the CIA and IMF list of advanced economies, being defined as a High Income Nation by the World Bank. International recognition of the country and its goods & services was boosted by the hosting of the 1988 Summer Olympics in Seoul and further enhanced by the co-hosting of the 2002 FIFA World Cup.

    South Korea is one of the world's most technologically and scientifically advanced countries; it is the only country in the world with nationwide 100Mbit/s broadband internet access, full HDTV broadcasting, DMB, WiBro and 3G HSDPA. It is currently the most wired nation in the world, with more than 90 per cent of all homes connected to high speed broadband internet.[http://www.nytimes.com/2007/11/18/technology/18rehab.html?_r=1&ref;=business&oref;=slogin] South Korea is a global leader in electronics, computers, digital displays, semiconductor devices, mobile phones and hightech gadgets, headed by the two chaebols, Samsung and LG."