South Korea: Where Investment and Business Blossoms Country Background • Name of Country: South Korea • Neighboring countries: China to the west‚ Japan to the east and North Korea to the north. Southern half of the Korean Peninsula‚ bordering the Sea of Japan and the Yellow Sea. • Territorial size of South Korea: 96‚920 sq km • Population size: 48‚860‚500 • Political system: Democracy • Current prime minister: KIM Hwang-sik • Political party in power: Democratic United Party or DUP • Form
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1950 when North Korea surprise attacked South Korea. While China fought for North Korea who supported communism‚ the United States backed South Korea who was a non-communist country. Three years after the war started‚ in 1953‚ an armistice was signed and the Korean war
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Political Economy of South Korea: A Necessary Transformation I. Introduction: In this paper‚ I will discuss the measures that the Republic of Korea’s (addressed as South Korea from here on out) government took in trying accomplishing economic development despite its several economic and political upheavals. I will‚ specifically‚ review the economic growth and institutions established in South Korea beginning in the 1950s‚ the process of democratization in South Korea‚ and the effects that
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South Korea South Korea‚ officially the Republic of Korea. "The Great Republic of Korea is a country in East Asia‚ constituting the southern part of the Korean Peninsula. It shares land borders with North Korea to the north‚ and oversea borders with China to the west and Japan to the east. The capital and largest city is Seoul‚ with a population of 10 million. The Korean War began in 1950 when forces from the North invaded the South. The war lasted three years
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U.S.-South Korea Relations Congressional Research Service http://www.fas.org/sgp/crs/row/R41481.pdf ‚ 6/5/12 Summary Overview South Korea is one of the United States’ most important strategic and economic partners in Asia. Members of Congress tend to be interested South Korea-related issues for a number of reasons. First‚ the United States and South Korea have been allies since the early 1950s. Under their military alliance‚ the United States is committed to helping South Korea defend itself
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South Korea: Economic Overview Economic history and projections: The Gross Domestic Product (GDP) in South Korea expanded 0.80 percent in the first quarter of 2013 over the previous quarter. GDP Growth Rate in South Korea is reported by the Bank of Korea. Historically‚ from 1970 until 2013‚ South Korea GDP Growth Rate averaged 1.73 Percent reaching an all time high of 6.80 Percent in March of 1988 and a record low of -7 Percent in March of 1998. South Korea relies mainly on
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The Haeinsa Temple or “Temple of Reflection on a Smooth Sea” also belongs to the list of UNESCO World Heritage Sites. This is one of the more important temples in Korea as it houses the historical Tripitaka Koreana – Buddhist scriptures that are carved into approximately 81‚258 printing blocks. Those blocks have stayed in the Haeinsa Temple since 1398. The construction of this temple has 2 legends. The first one mentions that Haeinsa was built in gratitude of Buddha’s mercy after two monks have
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www.kewpid.com Globalisation Case Study: South Korea by Dan Nguyen 1 of 6 www.kewpid.com Globalisation‚ an important characteristic within the contemporary economic environment‚ has resulted in significant changes to individual nations in terms of economic development strategies undertaken by national governments. The term globalisation refers to the integration of local and international economies into a globally unified political‚ economic and cultural order. Globalisation is not a
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South-North Division in Korea Korea is an East Asian country‚ which is surrounded by the sea on three sides‚ but unfortunately divided into two parts-South Korea and North Korea. Korea is bordered by China on the north and by the navigable Yalu and Tumen Rivers‚ both of which flow from Paektusan‚ the highest point in Korea at 9‚000 feet (Weightman 360). Korea has four seasons and a monsoon climate with warm‚ humid summers and cold‚ dry winters. Continuous rains from June to July are a phenomenon
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SOUTH KOREA GLOBALIZATION IMPACT Executive Summary: The end of World War II‚ and the subsequent divide of the Republic of Korea‚ marked the beginning of South Korea as a country. The first few years of its existence as a country were far from ideal. With help from the United States and the UN‚ South Korea was rehabilitated and pointed in the right direction. South Korea received financial aid‚ military assistance and trading partners that would prove to be extremely valuable
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