South Korea And The Republic Of Korea

1986 Words Feb 15th, 2015 8 Pages
Research of Country South Korea or the Republic of Korea (ROK) started off as an independent kingdom. Since the Paleolithic period Korea was separated into three different kingdoms until 668AD. Korea unified its three kingdoms and prospered as an independent country, until 1910 when they were occupied by Japani. Korea was not liberated until Japans surrender in World War II in 1945. After Japans surrender the country had to reshape itself again the North began to adopt a more communist government, now known as the Democratic People’s Republic of Korea (DPRK), whereas the South adopted a Democratic government. The Korean War lasted from 1950-1953 when an armistice or cease fire was declared and the 38th parallel or Demilitarized Zone (DMZ) is where the country is split. South Korea held its first presidential election in 1987 under a revised democratic constitutionii. Since the war the South has flourished economically. Currently South Korea has a market economy ranked 15th in the world by nominal GDP and 12th in the world by purchasing poweriiiIn 1960 South Korea’s GDP was $79 dollarsiv lower than sub-Saharan African countriesv. Industry reshaped the countries landscape. In 1986 manufacturing industries accounted for approximately 30 percent of the country’s GDP and 25 percent of the work force. This accounted for millions of laborers moving to more urban areas for workvi. In 1962 South Korea’s GDP was at US$2.7 billion and in 1989 it was at an estimated US$230…

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