South Korea - An Overview free essay sample

An examination of the culture and economy of South Korea past and present and future. The writer of this paper provides a brief history of the founding of South Korea and examines the countrys current economic status. A table of vital economic statistics is included. The paper looks at what factors have effected the development of South Koreas economy and what the predictions are for the coming years. A republic was set up in the southern half of the Korean Peninsula, after World War II, while at the same time a communist-style government was established in the north. The Korean War (1950-53) had Untied States and other United Nation forces interfered to defend South Korea from North Korean attacks was supported by the Chinese. In 1953, a peace agreement was signed at about the 38th parallel, dividing the peninsula along a demilitarized zone. South Korea, then after that attained rapid economic growth, with per capita income raised to thirteen times the level of North Korea. We will write a custom essay sample on South Korea An Overview or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Furthermore, the nation suffered a severe financial crisis in 1997, from which it continued to make a firm revival and maintained its commitment to democratize its political processes. Thus, a historic first south-north summit, in June 2000, took place between the president south KIM Dae-jung and the norths head KIM Chong-i.