South Korea

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Republic of Korea
대한민국
大韓民國
Daehanminguk
Motto: 널리 인간을 이롭게 하라 (홍익인간)
Benefit all mankind
Anthem: Aegukga (애국가)
Patriotic Hymn
Location of South Korea
Capital
and largest city
Seoul
Official languagesKorean
Demonym(s)South Korean, Korean
GovernmentPresidential republic
• President
Lee Myung-bak
Han Seung-soo
Establishment
October 3 2333 BC
October 12 1897
March 1 1919 (de jure)
August 15 1945
August 151948
December 12 1948
Area
• Total
99,646 km2 (38,474 sq mi) (108th)
• Water (%)
0.3
Population
• Estimate
49,044,790 (24th)
• Density
493/km2 (1,276.9/sq mi) (12th)
GDP (PPP)2007 estimate
• Total
$1.201 trillion[1] (14th)
• Per capita
$24,783 (2007) (35th)
GDP (nominal)2007 estimate
• Total
$981.900 billion (13th)
• Per capita
$19,751 (2007) (34th)
Gini (2005)31.6
medium
HDI (2007)Increase 0.921
Error: Invalid HDI value (26th)
CurrencyInternational symbol ₩ Pronounced Won (KRW)
Time zoneUTC+9 (Korea Standard Time)
• Summer (DST)
UTC+9 (not observed)
Calling code82
ISO 3166 codeKR
Internet TLD.kr
  1. Mobile phone system CDMA, WCDMA, HSDPA and WiBro
  2. Domestic power supply 220V/60 Hz, CEE 7/7 sockets

South Korea, officially the Republic of Korea (or ROK) and often referred to as Korea (Korean: 대한민국, IPA: [tɛː.han.min.ɡuk̚], Hanja: 大韓民國), listenⓘ) is a presidential republic in East Asia, occupying the southern half of the Korean Peninsula. Also known as the "Land of the Morning Calm", it is neighboured by China to the west, Japan to the east and North Korea to the north. South Korea's capital and largest city is Seoul, the world's second largest metropolitan city.

Korea has a history of 5,000 years[2] and is one of the oldest civilizations in the world[citation needed], with its foundation dating back to 2333 BC by the legendary Dangun but lacking the evidence of historical material and literature. Following the unification of the Three Korean Kingdoms under Silla in AD 668, Korea went through the Goryeo and Joseon Dynasty as one nation until 1910 when the Korean Empire was annexed by Japan, forming a unique and largely uninfluenced culture from the outside world[citation needed], which actually was greatly influenced by Chinese[3] and Japanese[4] culture. After division, South Korea was established in 1948 and has since developed a successful democracy, maintaining a strong alliance with the United States. South Korea is now working towards a peaceful reunification with North Korea. South Korea is still not a militarily independent country.

South Korea is a major economic power and one of the wealthiest countries in Asia. It had one of the world's fastest growing economies since the 1960s, now highly developed[5] and one of the three largest[6] in Asia and 13th largest[7] in the world. Forming the G20 industrial nations and the world's top ten exporters, it is an APEC and OECD member, defined as a High Income Nation by the World Bank and an Advanced Economy by the IMF and CIA. A major non-NATO ally, it has the world's sixth largest armed forces and one of the ten largest defence budgets in the world. A leading Next Eleven country and an Asian Tiger, it is still among the world's fastest growing developed countries.[8] Today, its success story is known as the "Miracle on the Han River", a role model for many developing countries.[9]

South Korea is leading several key industries in the world, particularly in the fields of science and technology.[10] It has a very advanced and modern infrastructure[11] and is a world leader in information technology such as electronics, semiconductors, LCD displays, computers and mobile phones, led by Samsung and LG. Home of the world's third largest steel producer, POSCO, it is the world's largest shipbuilder, the world's fourth largest oil refiner[12] and one of the top five automobile producers in the world, headed by Hyundai and Kia. It is also a leading country in engineering, construction, machinery, textiles, petrochemicals, biotechnology and robotics.

Government

Main article: Government of South Korea
The National Assembly of South Korea in Seoul.

The government of South Korea is divided into three branches: executive, judicial, and legislative. The executive and legislative branches operate primarily at the national level, although various ministries in the executive branch also carry out local functions. Local governments are semi-autonomous, and contain executive and legislative bodies of their own. The judicial branch operates at both the national and local levels.

The South Korean government's structure is determined by the Constitution of the Republic of Korea. This document has been revised several times since its first promulgation in 1948 (see History of South Korea). However, it has retained many broad characteristics; with the exception of the short-lived Second Republic of South Korea, the country has always had a presidential system with an independent chief executive.[13]

History

Before division

Main article: History of Korea
Tomb mural of Goguryeo, one of the three kingdoms of Korea.

Archeological findings indicate that the Korean Peninsula was occupied by humans as early in the Lower Paleolithic period.

Korea began with the founding of Joseon(The name Gojoseon is almost always used to prevent confusion with another Joseon dynasty founded in 14th century; the prefix Go- means 'old' or 'earlier') in 2333 BC by Dangun.[14] Gojoseon expanded until it controlled much of the northern Korean peninsula and parts of Manchuria. After numerous wars with the Chinese Han Dynasty, Gojoseon disintegrated, leading to the Proto-Three Kingdoms of Korea period.

In the early centuries of the Common Era, Buyeo, Okjeo, Dongye, and the Samhan confederacy occupied the peninsula and southern Manchuria. Of the various small states, Goguryeo, Baekje, and Silla grew to control the peninsula as the Three Kingdoms.

Introduction of Buddhism and other influences from China had profound effects on Korea, which later passed on, combined with Korean advances, to Japan.[15][16][17][18]

File:Temple-at-gyeongju.jpg
Bulguksa Temple, built during the Silla period, is a UNESCO World Heritage Site.
Map of the Three Kingdoms of Korea at the end of the 5th century.

The unification of the Three Kingdoms by Silla in 676 led to the North-South States period, in which the much of the Korean peninsula was controlled by Unified Silla, while Balhae succeeded the northern parts of Goguryeo. In Unified Silla, poetry and art was encouraged, and Buddhist culture flourished. Relationships between Korea and China remained relatively peaceful during this time. However, Unified Silla weakened under internal strife, and surrendered to Goryeo in 935. Balhae, Silla's neighbor to the north, was formed as a successor state to Goguryeo. During its height, Balhae controlled most of Manchuria and parts of Russia. It fell to the Khitan in 926.

After the North-South Period, successor states fought for control during the Later Three Kingdoms period. The peninsula was soon united by Wang Geon of Goryeo. Like Silla, Goryeo was a highly cultural state and created the Jikji in 1377, using the world's oldest movable metal printing press.[19][dead link]

The Mongol invasions in the 13th century greatly weakened Goryeo. However, Goryeo continued to rule Korea as a tributary ally to the Mongols. After the fall of the Mongolian Empire (Yuan Dynasty), Goryeo continued its rule. After severe political strife and continued invasions, Goryeo was replaced by the Joseon Dynasty in 1388 following a rebellion by General Yi Seong-gye.

Royal march of the Joseon Dynasty at Gyeongbokgung

General Yi declared the new name of Korea as Joseon in reference to Gojoseon, and moved the capital to Seoul. The first 200 years of the Joseon Dynasty was marked by relative peace and saw the creation of hangul by King Sejong the Great in the 14 century and the rise and influence of Confucianism.

In the latter of the 16th century, Joseon was invaded by a newly unified Japan. During the Japanese invasions of Korea (1592–1598), centuries of peace had left the dynasty unprepared, and the lack of technology and poor leadership from the Joseon government and generals led to the destruction of much of the Korean peninsula. However, continued Korean dominance at sea led by Admiral Yi, the rise of local militias, and the intervention of Ming China put Japan under great pressure to retreat in 1598.

Today, Admiral Yi is celebrated as one of Korea's foremost heroes and his turtle ships, used with great success against the Japanese, are considered the world's first ironclad warships, although lack of hard evidence of iron plating sparks much debate.

Map of Korea during 18th century.

During the last years of the Joseon Dynasty, Korea's isolationist policy earned it the name the "Hermit Kingdom", primarily for protection against Western imperialism.

After division

Main article: History of South Korea

In the aftermath of World War II, Soviet Union and United States troops controlled the northern and southern halves of the country respectively. The two Cold War rivals established governments sympathetic to their own ideologies, leading to Korea's division into two political entities: North Korea and South Korea.

File:Incheon Memorial.jpg
A sculpture at the Incheon Landing Operation Memorial Hall.

Despite the initial plan of a unified Korea in the 1943 Cairo Declaration, escalating Cold War antagonism eventually led to the establishment of two separate governments: the communist North and the capitalist South. In the North, a former anti-Japanese guerilla and communist activist, Kim Il-sung[20] and in the South, freshly shipped from America, Syngman Rhee were installed as presidents.[21]

On June 25, 1950, North Korea invaded the South leading to the Korean War. The Soviet boycott of the United Nations at the time, and therefore, no veto, allowed the UN to intervene when it became apparent that the superior communist forces would easily take over the entire country. The Soviet Union and China backed North Korea, with the later participation of millions of Chinese troops. After huge advances on both sides, the war eventually reached a stalemate. The 1953 armistice, never signed by South Korea, split the peninsula along the demilitarized zone near the original demarcation line. No peace treaty was ever signed, and the two countries are still technically at war.[22]

In 1960, a student uprising led to the resignation of the autocratic and corrupt President Syngman Rhee. A period of profound civil unrest and general political instability followed, broken by General Park Chung-hee's military coup (the "5.16 coup d'état") against the weak and ineffectual government the next year. Park took over as president until his assassination in 1979, overseeing rapid export-led economic growth as well as severe political repression. Park is heavily criticized as a ruthless military dictator, although the Korean economy developed significantly during his tenure.

The years after Park's assassination were marked by, again, considerable political turmoil as the previously repressed opposition leaders all campaigned to run for president in the sudden political void. In 1980, there was a coup d'état, by General Chun Doo-hwan against the transitional government of Choi Gyu Ha, the interim president and a former prime minister under Park. Chun assumed the presidency. His seizure of power triggered nationwide protest demanding democracy, in particular the city of Gwangju, in Jeollanam-do where Chun sent in special forces to violently suppress the city, in what is now known as the Gwangju Massacre.

Until 1987, he and his government held Korea under despotic rule when Park Jong Chul — a student attending Seoul National University — was tortured to death.[23] The Catholic Priests' Association for Justice revealed that Park was tortured, igniting huge demonstrations around the country. The demonstrations snowballed when another student from Yonsei University, Lee Han Yeol, was killed by a police-fired tear gas bomb while he was demonstrating against the military government. The period of resistance is called the Resistance of June when all joined the national movement. Eventually, Chun's party, the Democratic Justice Party, and its leader, Roh Tae-woo announced the June 29th Declaration, which included the direct election of the president.[24]

File:Near by han river.jpg
A partial view of Southern Seoul.
File:Gangnam1.jpg
A dusky view of Gangnam, Seoul.

Today, South Korea is a liberal democracy, with universal suffrage at age 19. The CIA World Factbook calls it a, "fully functioning modern democracy".[25] However, The Economist described the country as a "Flawed Democracy".[26]

In 1988, Seoul hosted the 1988 Summer Olympics, a cause of both national and international celebration in contrast to great turmoil of the past. In 1996, South Korea became a member of the OECD, a testament to further economic growth. As with many of its Asian neighbors, South Korea suffered the 1997 Asian Financial Crisis, but the country was able to re-emerge and continue its growth towards a major economic power after a swift recovery.[27]

In June 2000, as part of South Korean president Kim Dae-jung's Sunshine Policy of engagement, a North-South summit took place in Pyongyang, the capital city of North Korea. That year, Former President Kim received the Nobel Peace Prize "for his work for democracy and human rights in South Korea and in East Asia in general, and for peace and reconciliation with North Korea in particular."[28]

In 2004, South Korea joined the "trillion dollar club" of world economies.[29]

Foreign relations

Main article: Foreign relations of South Korea
US President George W. Bush and former South Korean President Roh Moo-hyun in 2005 at the 17th APEC meeting.

United States

The United States of America engaged in the decolonization of Korea (mainly South, Soviet Union engaged North Korea) from Japan after World War II. After 3 years of military administration by the United States, the South Korean government was established. Upon the onset of the Korean War, the United States sent soldiers to South Korea to defend against the invasion of North Korea and later China. Since then, the two nations have had strong economic, diplomatic and military ties, although they have at times disagreed with regards to policies towards North Korea. Currently, the 2nd Infantry Division of the U.S. Army is stationed in South Korea.

China

Historically, Korea has had relatively close relations with China. Before the formation of South Korea, Korean independence fighters worked with Chinese soldiers during the Japanese occupation. However, after World War II, the Chinese embraced Maoism while South Korea became a representative democracy under the influence of the United States. The People's Republic of China assisted North Korea with manpower and supplies during the Korean War, and in its aftermath the diplomatic relationship between South Korea and China almost completely ceased. Relations thawed gradually, however, and South Korea and China re-established formal diplomatic relations on August 24, 1992. The two countries sought to improve bilateral relations and lifted the forty-year old trade embargo, and[30] South Korean-Chinese relations have improved steadily since 1992.[31]

Japan

Although there were no formal diplomatic ties between South Korea and Japan after the Korean War, South Korea and Japan signed the Treaty on Basic Relations between Japan and the Republic of Korea in 1965 to establish diplomatic ties. There was heavy anti-Japanese sentiment in South Korea due to a number of unsettled Japanese-Korean disputes, many of which stem from the period of Japanese occupation. During World War II, more than 100,000 Koreans were forced to serve in the Imperial Japanese Army.[32] Longstanding issues such as Japanese war crimes against Korean civilians, the visits by Japanese politicians to the Yasukuni Shrine honoring Japanese soldiers killed at war, including class A war criminals like Hideki Tojo, the re-writing of Japanese textbooks to overlook Japanese aggression during World War II, and the territorial disputes over Liancourt Rocks continue to trouble Korean-Japanese relations. In response to then-Prime Minister Junichiro Koizumi's repeated visits to the Yasukuni Shrine, President Roh Moo-hyun suspended all summit talks between South Korea and Japan.[33] Recently under the pressure from Korean and Japanese protest groups, however, Japan has rewritten Japanese history textbooks revealing all the abuse they inflicted on Koreans during World War II and also excluded Hideki Tojo and other war criminals from the list of honorees of the shrine visits. [34], [35]

North Korea

Both North and South Korea continue to officially claim sovereignty over the entire peninsula and any outlying islands. With longstanding animosity following the Korean War from 1950 to 1953, North Korea and South Korea signed an agreement to pursue peace.[36] On October 4, 2007, Roh Moo-Hyun and North Korean leader Kim Jong-il signed an eight-point peace agreement on issues of permanent peace, high-level talks, economic cooperation, renewal of train services, highway and air travel, and a joint Olympic cheering squad.[37]

Despite the Sunshine Policy and efforts at reconciliation, the progress was complicated by North Korean missile tests in 1993, 1998, and again in 2006. Recently, North Korea agreed to temporarily suspend its pursuit of a nuclear weapons program for economic and diplomatic support, although some Korean and American officials criticized the North for not being fully cooperative in its temporary suspension of a nuclear weapons program.[38]

Other nations

South Korea maintains diplomatic relations with approximately 170 countries. The country has also been a member of the United Nations since 1991, when it became a member state at the same time as North Korea. On January 1, 2007, South Korean Foreign Minister Ban Ki-moon assumed the post of UN Secretary-General. It has also developed links with Association of Southeast Asian Nations as both a member of ASEAN Plus three, a body of observers, and the East Asia Summit (EAS).

There is an ongoing effort at negotiating a Free Trade Agreement with the European Union, the second largest importer of Korean goods.[39] South Korea is also negotiating a Free Trade Agreement with Canada.[40]

Military

Main article: Military of South Korea
A US MH-60 Seahawk helicopter lands on ROKS Dokdo.
ROKAF F-15 refuelling.

The South Korean military is composed of the Army (ROKA), the Navy (ROKN), the Air Force (ROKAF), and the Marine Corps (ROKMC), together with reserve forces.[41] Many of these forces are concentrated near the border with North Korea, near the demilitarized zone. All South Korean males are constitutionally required to serve in the military, typically for a period of two years. However, there have been debates about shortening the length of the military services, and even dismissing the mandatory service itself. The government recently allowed some male students who were in the process of earning a university bachelor's degree and master's degree to dismiss the military requirements to allow them to further study and research their fields.

From time to time, South Korea has sent its troops overseas to assist American forces. It has participated in most major conflicts that the United States has been involved in the past 50 years. South Korea dispatched 320,000 troops to fight alongside American, Australian, Filipino, and South Vietnamese soldiers in the Vietnam War, with a peak strength of 50,000. Most recently, South Korea sent 3,300 troops of the Zaytun Division to help re-building in northern Iraq, and was the 3rd largest contributor in the coalition forces after only the US and Britain.[42]

The United States has stationed a substantial contingent of troops in South Korea since the Korean War to defend South Korea in case of a North Korean attack. There are also approximately 29,000 US military stationed in Korea,[43] most of them serving one year of unaccompanied tours. The American Troops, which primarily are assigned to the Eighth United States Army are stationed in installations at Osan, Youngsan, Dongducheon, Sungbok,and Daegu, of which most are camps, which are considered camps not for their lack of buildings or support structure but to make a political and military statement representing a lack of permanence.

A still functioning UN Command controls all forces in South Korea, including the US forces and the entire Korean military.

Currently, the South Korean navy is working towards being a blue-water navy. It has recently acquired its first Aegis combat system-enabled destroyer, the King Sejong the Great class destroyer. South Korea is the fifth country to begin operating an Aegis Combat System-enabled surface ship.[44]

Administrative divisions

Main article: Administrative divisions of South Korea
See also Special cities of Korea and Provinces of Korea
Principal divisions of South Korea.
General map of South Korea.
Namea hangul hanja
Special cities (Teukbyeolsi)a
1 Seoul (National Capital) 서울특별시 서울特別市
Metropolitan cities (Gwangyeoksi)a
2 Busan 부산광역시 釜山廣域市
3 Daegu 대구광역시 大邱廣域市
4 Incheon 인천광역시 仁川廣域市
5 Gwangju 광주광역시 光州廣域市
6 Daejeon 대전광역시 大田廣域市
7 Ulsan 울산광역시 蔚山廣域市
Provinces
8 Gyeonggi-do 경기도 京畿道
9 Gangwon-do 강원도 江原道
10 Chungcheongbuk-do (Northern Chungcheong) 충청북도 忠淸北道
11 Chungcheongnam-do (Southern Chungcheong) 충청남도 忠淸南道
12 Jeollabuk-do (Northern Jeolla) 전라북도 全羅北道
13 Jeollanam-do (Southern Jeolla) 전라남도 全羅南道
14 Gyeongsangbuk-do (Northern Gyeongsang) 경상북도 慶尙北道
15 Gyeongsangnam-do (Southern Gyeongsang) 경상남도 慶尙南道
Special self-governing province (Teukbyeoljachi-do)a
16 Jeju-do 제주특별자치도 濟州特別自治道

a Revised Romanization.

Geography and climate

Main article: Geography of South Korea
Topography of South Korea

South Korea occupies the southern portion of the Korean Peninsula, which extends some 680 miles (1,100 km) from the Asian mainland. This mountainous peninsula is flanked by the Yellow Sea to the west, and the East Sea or Sea of Japan to the east (There are dispute about naming of 'East Sea' or 'Sea of Japan'. However, this dispute is political, not a historical or international standard. Therefore, those two name should be mentioned with equal weight). Its southern tip lies on the Korea Strait and the East China Sea.

The country's total area is 38,462.49 square miles (99,617.39 km2).[45][dead link]

South Korea can be divided into four general regions: an eastern region of high mountain ranges and narrow coastal plains; a western region of broad coastal plains, river basins, and rolling hills; a southwestern region of mountains and valleys; and a southeastern region dominated by the broad basin of the Nakdong River.

South Korea's terrain is mostly mountainous, most of which is not arable. Lowlands, located primarily in the west and southeast, constitute only 30% of the total land area.

Seoraksan mountain in Gangwondo.

About three thousand islands, mostly small and uninhabited, lie off the western and southern coasts of South Korea. Jeju-do is located about 100 kilometers (about 60 mi) off the southern coast of South Korea. It is the country's largest island, with an area of 1,845 square kilometres (712 sq mi). Jeju is also the site of South Korea's highest point: Hallasan, an extinct volcano, reaches 1,950 metres (6,398 ft) above sea level. The most eastern islands of South Korea include Ulleungdo and Dokdo, while Marado and Ieodo are the southernmost islands of South Korea.

Climate

South Korea
Climate chart (explanation)
J
F
M
A
M
J
J
A
S
O
N
D
 
 
23
 
 
1
−7
 
 
25
 
 
3
−5
 
 
47
 
 
10
0
 
 
94
 
 
17
7
 
 
92
 
 
23
13
 
 
134
 
 
26
17
 
 
369
 
 
29
22
 
 
294
 
 
30
22
 
 
169
 
 
26
17
 
 
50
 
 
20
10
 
 
53
 
 
11
3
 
 
21
 
 
4
−4
█ Average max. and min. temperatures in °C
█ Precipitation totals in mm
Source: climate-charts.com
Imperial conversion
JFMAMJJASOND
 
 
0.9
 
 
33
19
 
 
1
 
 
37
23
 
 
1.9
 
 
50
32
 
 
3.7
 
 
63
45
 
 
3.6
 
 
73
55
 
 
5.3
 
 
79
63
 
 
15
 
 
84
72
 
 
12
 
 
86
72
 
 
6.7
 
 
79
63
 
 
2
 
 
68
50
 
 
2.1
 
 
52
37
 
 
0.8
 
 
39
25
█ Average max. and min. temperatures in °F
█ Precipitation totals in inches

The local climate is relatively temperate, with precipitation heavier in summer during a short rainy season called jangma (장마), and winters that can be bitterly cold. In Seoul, the average January temperature range is -7 °C to 1 °C (19 °F to 33 °F), and the average July temperature range is 22 °C to 29 °C (71 °F to 83 °F). Winter temperatures are higher along the southern coast and considerably lower in the mountainous interior. Rainfall is concentrated in the summer months of June through September. The southern coast is subject to late summer typhoons that bring strong winds and heavy rains. The average annual precipitation varies from 1,370 millimeters (54 inches) in Seoul to 1,470 millimeters (58 inches) in Busan. There are occasional typhoons that bring high winds and floods. The government is concerned of the impact of global warming on the natural disasters.

Environment

In urban areas there are problems associated with air pollution as well as water pollution from the discharge of sewage and industrial effluents. Cheonggyecheon is one of the recent attempts at restoring the flow of the clean water in South Korea.[46]

South Korea is a member of numerous international environmental organizations with specific regards to Antarctic-Environmental Protocol, Antarctic Treaty, Biodiversity, Climate Change, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution (MARPOL 73/78), Tropical Timber 83, Tropical Timber 94, Wetlands, and Whaling.[47]

Economy

Main article: Economy of South Korea
File:Yeouido2.jpg
Seoul is a leading financial center in Asia.
Hyundai Genesis Luxury sedan

South Korea is a major global economic power, having the 12th largest economy[48] in the world and the third largest[49] in Asia, forming the "Big Three" economies in Asia along with China and Japan. The catalyst for South Korea's rapid economic growth was the export of manufactured goods, which made South Korea one of the Four Asian Tigers. Today, the major industries of South Korea are automobiles, semiconductors, electronics, shipbuilding, and steel.

In the 1950s South Korea was one of the poorest countries in Asia; its infrastructure and resources were severely exploited during the Japanese occupation and completely destroyed by the Korean War. However, following the military coup led by General Park Chung-hee in 1962, South Korea became for four straight decades one of the fastest-growing economies in world history, completely transforming it from a farming and fishing based economy into one of the world's most high-tech industrial powers.

Park Chung-hee embarked on a series of ambitious five-year plans for economic development that were similar to the macro-economic schemes of the Soviet Union.[50] Emphasis shifted to foreign trade with the normalization of relations with Japan in 1965, which resulted in a boom in trade and investment. Rapid expansion in light industries, which were later followed by subsequent development in heavy industries, made South Korea in 1973 the 34th wealthiest country in the world.[51] Park's government plans for economic development greatly boosted the Korean economy.

Samsung and LG are the two leading mobile phone makers in the world.

This growth is often called the "Miracle on the Han River", the Han River being the main river that runs through the nation's capital and largest city, Seoul. In the 1980s and 1990s, growth continued as South Korea transformed itself from an exporter of textiles and shoes into a major global producer of automobiles, electronics, shipbuilding, steel and, later, high-tech products such as digital monitors, mobile phones, and semiconductors.

South Korea is the world's largest shipbuilder and one of the top ten exporters in the world.

Banking, insurance, real estate, retailing, transportation and telecommunications are all major industries in South Korea. The South Korean model of encouraging the growth of large, internationally competitive financial services companies, business groups, and banks through easy financing and tax incentives led the South Korean economy to be dominated by family-controlled conglomerates. These companies, known as chaebol, flourished under the support of the Park regime.[52] Some such as Hyundai, Samsung, LG and SK Company became global corporations.

Since the 1997 Asian Financial Crisis the corporate landscape has changed considerably as a result of massive bankruptcies and government reforms. The crisis exposed longstanding weaknesses in South Korea's economy, including high debt-to-equity ratios, massive foreign borrowing, and an undisciplined financial sector. This led to two rounds of financial and industrial restructuring; one in 1997 and another following the collapse of Daewoo in 1999.[53] Daewoo's collapse has been recorded as one of the largest bankruptcies in world history.[54] By 2003, just over one-half of the 30 largest chaebol from 1995 remained.[55]

Between 2003 and 2005, economic growth had slowed to about 4% per year.[56] A downturn in consumer spending, attributed to massive personal credit card debt, was offset by rapid export growth, primarily to China. In 2005, the government proposed labor reform legislation and a corporate pension scheme to help make the labor market more flexible, and new real estate policies to cool property speculation.[57] In 2006, South Korean economy has recovered its growth rate to 5.1%.

South Korea is the world's largest manufacturer of LCD displays.

The South Korean economy is characterized by moderate inflation, low unemployment, an export surplus, and fairly equal distribution of income.[58][59][60]

South Korea is a world leader in the semiconductor and computer industry.

Today, there are several strong South Korean industries. South Korea's largest automaker, Hyundai Motor Company and its subsidiary Kia Motors are the fifth largest car group in the world.[61] Korean carmakers are planning to increase their exports even more when Korea finishes its FTA with the European Union.[62]

South Korea's shipbuilding industry is the largest in the world. It became the largest after overtaking Japan in 2004.[63] South Korean shipbuilding is efficient enough that a new $80 million vessel is produced every four working days. In 2006, approximately one in every three new vessels was constructed in Korea. Hyundai Heavy Industries built ships totaling 10.6 million compensated gross tons (CGTs), or 34.6 percent, becoming the first nation to breach the 10 million CGT mark.[64][dead link] Other Korean shipbuilding companies are Samsung Heavy Industries and Daewoo Marine Engineering & Construction.

Although South Korean shipmakers are leading in terms of ship orders and production, they are wary of Chinese shipmakers. China is planning to become the world's leader in shipbuilding by 2015. However, South Korean shipbuilders have advantage over Chinese counterparts in terms of advanced value-added shipbuilding technology.[65]

Transportation

Main article: Transportation in South Korea
Incheon International Airport

Transportation in South Korea is provided by an extensive network of railways, highways, bus routes, ferry services, and air routes. Buses, taxis, subways, and trains provide comfortable and cheap methods of travel around South Korea. Major cities have subway systems, including the popular Seoul Subway. It has eight different systems which are separated by different colors and Busan, Gyoung Ju, Daegu,and Daejun also have new subway system. Korail commuter lines are already linked with Seoul's subway system and several commuter lines connected with Busan and Daegu subway systems are under construction. They have intercity and intracity bus systems. Metropolitan Cities have express bus terminals.

Highways in South Korea are classified into highways (expressways/motorways), national highways, and various classifications below the national level. Korea Highway Corporation operates the toll highways and service amenities en route. South Korea has about 3,000 kilometers of national highways.[citation needed]

A KTX train stationed at Songjeong-ri station.

Korail provides frequent train service to all major South Korean cities. Two rail lines, Gyeongui and Donghae Bukbu Line, to North Korea are now being reconnected. The Korean high-speed rail system, KTX, provides high-speed service along Gyeongbu and Honam Line. KTX had been built with France and Japan's technological cooperation, but government intentionally had made it non-public.

The main international airport is Incheon International Airport. South Korea has eight international airports and seven domestic airports. South Korea's major international air carriers are Korean Air and Asiana Airlines. About 71 international passenger and cargo airlines operate frequent flight services between Korea and all over the world.

Modern Industries

The South Korean shipbuilding industry is one the most highly-developed in the world, headed by chaebols such as the Hyundai Heavy Industries, Samsung Heavy Industry and POSCO. South Korea also exports radioactive isotope production equipment for medical and industrial use to countries such as Russia, Japan, Turkey and others.[66]

Science and technology

Main article: Ministry of Science and Technology (South Korea)

Space programs

Main article: Korea Aerospace Research Institute
File:Korea Space Launch Vehicle 1.jpg
KSLV-1, South Korea's first self-developed space rocket.

Korea has a space partnership with Russia[67] and has launched the Arirang-1 and Arirang-2 which both have surveillance cameras equipped.

Naro Space Center, the first spaceport of South Korea, is scheduled to be completed by 2008 at Goheung, Jeollanam-do. Korea Space Center is expected to send a Korea Space Launch Vehicle into space in 2008.[68] The spaceport will be controlled by the state-run Korea Aerospace Research Institute and will contain features necessary for spaceflight operation having a launch tower, a control tower, rocket assembly, test facilities and space simulators.[69] The South Korean government has named Yi So-yeon as its first person to go to space after replacing its initial choice Ko San, at the request of the Russian Federal Space Agency, on March 10 2008.[70]

On 8 April 2008, Yi So-yeon became the first South Korean in space, aboard Soyuz TMA-12.

Robotics

File:Ever-1.jpg
Ever-1, an advanced female android capable of expressing human emotions.

South Korea is a world leader in the development and adoption of advanced robotics technology and has an ambitious plan to put a robot in every household by 2020.[71][72] Several robot cities are about to be constructed in the country, with the first city being built in 2009 at a cost of 500 billion won, of which 50 billion is direct government investment.[73] The new robot city will feature research and development centers for manufacturers and part suppliers, as well as exhibition halls and a stadium for robot competitions. The government is also investing another $1.3 billion to build two new robot theme parks in Incheon and Masan by 2013, which will be developed as meccas for the country's robot industry, featuring a number of attractions that allow visitors to interact with robots and test new products.[74] The country's new Robotics Ethics Charter will establish ground rules and laws for human interaction with robots in the future, setting standards for robotics users and manufacturers, as well as guidelines on ethical standards to be programmed into robots to prevent human abuse of robots and vice versa.[75]

Faced with a critically low birth rate and an aging population, the country is quickly turning to robots to replace disappearing workers and loss of military manpower. Korea Advanced Institute of Science and Technology developed the world's second walking humanoid robot, HUBO. Honda's ASIMO and KAIST's HUBO lines are the only humanoid robots in the world that can walk.[76] In 2005, KAIST announced the world's smartest robot able to think and learn like a human.[77] It is the first network based humanoid in the world taking advantage of South Korea's advanced communication network. in 2006, South Korean scientists from Korea University of Science and Technology unveiled the world's second female android, Ever-1, capable of expressing human emotions. Its successors are expected to walk, sing and dance, to be used in department stores and museums, as well as reading stories to children. Engineers from Samsung Techwin revealed in 2006 the Intelligent Surveillance and Guard Robot, a machine-gunned sentry robot able to detect and repel intruders along the heavily armed border with North Korea.[78]

Energy

In renewable energy, South Korean scientists at the Gwangju Institute of Science and Technology in cooperation with the University of California, Santa Barbara successfully developed an organic solar cell with energy efficiency of 6.3 percent.[79] As of July 2008, South Korea is also home to the largest photovoltaic power plant in Asia, developed by Conergy AG. The 18 MW plant is located southwest of Seoul in SinAn and consists of 108, 864 solar modules, producing 27,000 MWh of clean energy a year. This amounts to 20,000 tons in carbon savings annually. In addition, South Korea is a member of the International Thermonuclear Experimental Reactor (ITER) team along with six other nations, delving into development of an emerging major future energy resource. [80]

Telecoms

South Korea is the world's most connected "information society" leading or tied for top rankings in each of internet use, internet penetration, broadband penetration, 3G mobile telecoms, WiFi, WiMax. The ensuing ecosystem for online digital always-on services is a unique testbed for concepts for the future, including such areas as intelligent bridges with self-diagnostics, the automated parking place finder, the intelligent floors for hospitals, etc. The South Korean government has pushed very hard for eGovernment initiatives to provide most government services online. The economy from TV to advertising to banking to the automobile sector has embraced wireless broadband connectivity offering everything from digital broadcast TV to handhelds and cars, to over half of South Koreans using payment systems on their mobile phones. The first book to discuss the telecoms and digital convergence innovations of South Korea is Digital Korea by Ahonen and O'Reilly in 2007.

Education

Main article: Education in South Korea
File:Main bldg and gate.jpg
Main building and gate of Korea University.

Education in South Korea is regarded essential to success and competition is consequently very tense. A centralized administration in South Korea oversees the process for the education of children from kindergarten to third grade high school. Mathematics, science, Korean, social studies, and English are generally considered to be the most important subjects and are considered compulsory. South Korea was the first country in the world to provide high-speed internet access to every primary, junior, and high school. The Programme for International Student Assessment, coordinated by the OECD, currently ranks South Korea's education as the 11th best in the world, being significantly higher than the OECD average.[81]

The school year is divided into two semesters. The first begins in the beginning of March and ends in mid-July; the second begins in late August and ends in mid-February. The schedules are not uniformly standardized and vary from school to school.

English as a second language is part of the government curriculum, starting from forth grade of elementary school. However, South Korea lags behind in English competency. [citation needed] The educational regime, which focuses more on test results and grammar rather than comprehension and fluency, may be part of the problem. [citation needed] The government is presently considering reforms, such as teaching English classes at public schools in English only. The aim is to reduce dependence on private English schools, which eat into household incomes. [citation needed]

Demographics

Population growth trend in South Korea
Main article: Demographics of South Korea

Most South Koreans live in urban areas, due to rapid migration from the countryside during the country's rapid economic expansion in the 1970s, 1980s and 1990s.[82] The capital city of Seoul is also the country's largest city and chief industrial center. It had 10.3 million inhabitants in 2006, making Seoul one of the most populated single cities in the world.[83] Other major cities include Busan (3.65 million), Incheon (2.63 million), Daegu (2.53 million), Daejeon (1.46 million), Gwangju (1.41 million) and Ulsan (1.10 million).[84][dead link]

The population has also been shaped by international migration. Following the division of the Korean peninsula after World War II, about four million people from North Korea crossed the border to South Korea. This trend of net entry reversed over the next forty years due to emigration, especially to the United States and Canada. However, South Korea's burgeoning economy and democracy in the early and mid-1990s slowed the high emigration rates typical of the previous decades. The current population of South Korea is roughly 48,850,000.

Although small, the percentage of non-Koreans has been increasing. Officially, as of the summer of 2007, there are just over 1 million foreigners living in Korea. That number includes foreign residents, students, tourists and illegal aliens. Among them, 104,749 people were married to Koreans, 404,051 were working in Korea and 225,273 were illegal aliens.[85]

Korean farmers have a hard time finding a wife, as few women want to live in the countryside. Farmers are forced to look abroad to find their wife, most from the much poorer Southeast Asia, and increasingly Eastern Europe. For the year 2006, 41% of the marriages amongst the farmers were to foreign nationals.[86]

There are 31,000 US military personnel.[87]

Religion

South Korea religiosity
religion percent
Christianity
 
 29.3%
Buddhism
 
 22.8%
Won Buddhism
 
 0.3%
Confucianism
 
 0.2%
Cheondoism
 
 0.1%
No religion
 
 46.5%
Main article: Religion in South Korea
File:Yoido Full Gospel Church.jpg
Yoido Full Gospel Church

As of 2005, approximately 46.5% of the South Korean population express no religious preference.[88]

Of the religious people, 29.3% are Christian (of which 18.3% (on total) profess to be Protestants and 10.9% to be Catholics), 22.8% are Buddhist, and the rest adheres to various new religious movements including Jeungism, Daesunism, Cheondoism and Wonbuddhism.

The largest Christian church in South Korea, Yoido Full Gospel Church, is located in Seoul and has approximately 780,000 members (2003 estimate). Including Yoido Full Gospel, 11 of the world's 12 largest churches are located in Seoul (see Christianity in Korea). With nearly four million followers, Roman Catholicism may be the fastest growing sect since the late 1980s.[89] South Korea is also the second largest missionary sending nation on earth, after the US.[90]

A growing number of South Koreans adhere to new religious movements. Among these are Cheondoism (0.1%), Jeungism (0.07%) and Daesunjinrihoe.[88] These religions have developed as a reaction to the influence of Christianity and Western culture in Korean society. The exact figures of the amount of followers of these new religions remain controversial.

Islam in Korea is estimated to be at 45,000 in addition to some 100,000 foreign workers from Muslim countries.[91] According to some estimates, Islam is also the fastest growing religion in country. [92]

Culture & Entertainment

Main articles: Culture of Korea and South Korean culture
A parade at the Hi Seoul Festival

South Korea shares its traditional culture with North Korea, but the two Koreas have developed distinct contemporary forms of culture since the peninsula was divided in 1945. The South Korean Ministry of Culture and Tourism actively encourages the traditional arts, as well as modern forms, through funding and education programs.[93]

Korean forms of metalwork, sculpture, painting, and ceramics flourished throughout the Korean Peninsula. In modern times, Western and particularly the US influences have been strongest. In the aftermath of Japanese occupation all Japanese cultural exports were banned from Korea until 1999. However, trading between the two countries has grown, although there is still strong anti-Japanese sentiment in South Korea.

Recently, Korean pop culture has become popular in Asia and beyond, earning the name Hallyu or "Korean wave". In Japan and other Asian countries, Korean boyband TVXQ and television drama like Winter Sonata have found success.[94], while Rain is widely acknowledged in Asia and begins to set his foot on American market. Recent Korean films such as Oldboy and Oasis have also received international acclaim.[95]

File:Seoul-Mokdong view-01.jpg
SBS headquarter in Mokdong, Seoul

The contemporary culture of South Korea is heavily dominated by technology, including feature-rich cell phones and pervasive online games. South Korea today features high penetration of high-speed internet access to households.[96] In South Korea, computer games take on a sport-like presentation. The professional leagues are televised with announcers, professional players and major corporate sponsors.

Various kimchi and banchan
File:Pork galbi.jpg
Korean Pork BBQ, called Pork Galbi

South Korea retains centuries-old customs and traditions, such as its cuisine, ancestor worship, and Confucius ideals. Foods like Steamed Rice(밥), Bulgogi (불고기, Korean style beef BBQ), Kimbap (김밥, rice roll wrapped in seaweed), Mandu (만두, dumplings), Doenjang jjigae (된장찌개, fermented soybean paste), Japchae (잡채, Boiled sweet potato starch noodles mixed with fried vegetables), Tteokbokki (떡볶이, a broiled dish made with sliced rice cake, seasoned beef, fish cakes and vegetables), Bibimbap (비빔밥, mixed rice with vegetables, beef, egg and chili pepper paste) and Kimchi (김치, fermented vegetables) are staples of the Korean diet. Especially well-known throughout the world is the kimchi (김치), a spicy dish made of Chinese cabbage and other seasonings.

StarCraft is a popular online game in Korea. Its fanbase exceeds five million, and has two Korean-based channels dedicated to its broadcast. Professional StarCraft player Lim Yo-Hwan (SlayerS `BoxeR`) earned over $300,000 during the peak of his career.

Sports

Taekwondo sparring match showing famous Jung Hae Jung.
Main article: Sport in South Korea

Taekwondo, a popular martial art, originated in Korea. In the 1950s and 60's, modern rules were standardized, and Taekwondo became an official Olympic sport in 2000. Taekwondo in the military is an integral part in the Korean land forces. Other Korean martial arts include subak and taekkyeon.

Baseball was first introduced to Korea in 1905 and has since become the most popular spectator sport in South Korea.[97] The first South Korean professional sports league was the Korea Baseball Organization, established in 1982. During the 2006 World Baseball Classic, South Korea reached the semi-finals.

In 1988, South Korea hosted the Summer Olympics in Seoul. South Korea's Olympic teams have performed strongly in archery, shooting, table tennis, short track speed skating, handball, freestyle wrestling, judo, taekwondo, and football. South Korea has also hosted the Asian Games in 1986 and 2002.

The 2002 FIFA World Cup was jointly hosted by South Korea and Japan, and South Korea became the first Asian team to reach the semi-finals. The football team, also known as the "Taeguk Warriors", played in the 2006 FIFA World Cup in Germany for their sixth consecutive World Cup.

In 2007, South Korea hosted a cycling competition called Tour de Korea. It was the first international cycling competition in South Korea in 10 years. In 2010 South Korea will host their first Formula One race to be staged at Korean International Circuit in Yeongam about 240 miles (390 km) south of Seoul.

Haidong kumdo is another traditional martial art. Students spar with swords or perform numbered solo forms to advance through various belt levels. At one time only found in Korea, the sport has become very popular in Australia as well as having a small presence in the United States.

International rankings

Organization Title Ranking
OECD, Programme for International Student Assessment Mathematics, Science, Reading and Problem solving 1 out of 38[98]
OECD Annual work hours 1 out of 27
Clarkson PLC Ranking in the global shipbuilding industry 1 out of 15[99]
Economist Intelligence Unit IT Industry Competitiveness Index 3 out of 64[100]
WIPO Number of International Patent Filings (2007) 4 out of 138[101]
OICA Automobile Production 5 out of 53
UN Department of Economic and Social Affairs UN E-Government Survey 2008 6 out of 192[102]
The Global Information Technology Report Networked Readiness Index 2008 9 out of 127[103]
International Monetary Fund Gross Domestic Product (PPP) 12 out of 227
World Economic Forum Global Competiveness 11 out of 131[104]
International Monetary Fund/World Bank Gross Domestic Product (nominal) 13 out of 183
World Bank Ease of Doing Business 30 out of 177
United Nations Development Programme Human Development Index 26 out of 177
The Economist Global Peace Rating 29 out of 121
Economist Intelligence Unit Quality of Life 30 out of 155
Heritage Foundation/The Wall Street Journal Index of Economic Freedom 36 out of 157[105]
Reporters Without Borders Worldwide press freedom index 39 out of 169
Transparency International Corruption Perceptions Index 42 out of 180
Freedom House Civil Liberties and Political Rights Free

See also

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  40. ^ Canada-Korea - Free Trade Agreement Negotiations
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  42. ^ Zaytun Division official website
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  105. ^ Index of Economic Freedom

References

  • Cumings, Bruce (1997). Korea's place in the sun. New York: W.W. Norton. ISBN 0-393-31681-5.
  • KOIS (Korea Overseas Information Service) (2003). Handbook of Korea, 11th ed. Seoul: Hollym. ISBN 1-56591-212-8.
  • Nahm, Andrew C. (1996). Korea: A history of the Korean people (2nd ed.). Seoul: Hollym. ISBN 1-56591-070-2.
  • Yang, Sung Chul (1999). The North and South Korean political systems: A comparative analysis (rev. ed.). Seoul: Hollym. ISBN 1-56591-105-9.
  • Yonhap News Agency (2004). Korea Annual 2004. Seoul: Author. ISBN 89-7433-070-9.
  • Dennis Hart (2003). From Tradition to Consumption: Constructing a Capitalist Culture in South Korea. Seoul: Author. ISBN 89-88095-44-8.
  • Michael Breen (2004). The Koreans: Who They Are, What They Want, Where Their Future Lies . St. Martin's Griffin. ISBN 0312326092.

External links

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