Korean went from a mostly agricultural economy to one that had free markets and an economy that was becoming rapidly industrialized by the day. The reason that Japan was successful at this was in part due to the policies introduced by Kazushige Ugaki and also because Japan needed the raw materials that Korea would provide. Because Japan had industrialized and modernized Korea so much, by the time 1940 was over, Korea was the second most industrialized country in all of Asia, second only to Japan. Today, the effects of Japan’s occupation of Korea are prevalent. Korea has the 4th largest economy in Asia, 11th in the world, and leads in industries such as electronics and
South Korea has shown dramatic growth in the past decades quickly rising from third to first world in a span of a few decades. Often being dubbed a miracle, it is now the 13th largest economy in the world with renowned brands such as Samsung that is comparable to United State’s Apple. However, her success did not come easy. South Korea, henceforth Korea, has experienced a difficult transition to democracy after the end of Japanese colonial rule in 1945. Liberalization did not occur until the 1987 June Democratic Uprising, yet today; democracy in South Korea operates more efficiently compared to any other Third World countries .
After achieving a long history of success, China’s cultural methods greatly influenced Japan, Korea, and also acted as a good example for many other countries in the world. China influenced Japan and Korea through religion, art, government, architecture, and much more. When China's influences took place with both Korea and Japan, the practices created similar/different societies using the same techniques. China had strong ties with Japan and Korea due to regional trading; it's apparent that the Chinese culture had a significant impression upon the cultures of both
Recognizing the danger that North Korea and its neighboring country China represented to South Korea the United States kept a tradition that had been going since 1944 and kept over 100,000 of its soldiers on the Korean peninsula. Many believe this led to Korea getting a larger taste of the western culture which is now part of current Korean culture. This also helped give a needed boost to Korean economy as establishments were built up around military bases to provide additional food and entertainment to the many soldiers stationed there. While that number has dwindled over time, the benefits have only increased for both nations. South Korea has benefitted from the sharing of military technology, especially in its air defense program, which now boasts the United States PATRIOT missile technology in response to the growing number of Theatre Ballistic Missiles (TBM) North Korea has developed.
Kyurin Kim ______________________________________________ Taejon Christian Int’l School candidate number: 002213-0013 Date: 12.1.2014 Word Count: 3500 Extended Essay: History To what extent did the drastic changes in modern Korean economy in the period between1854 and 2004 affect the paradigm shift from traditional Confucianist Korean values to consumerism and materialism. Abstract ______________________________________________ This essay investigates the roots of modern-day Korean society’s consumerism and materialism in relation to drastic economic changes in Korean society. By looking at the different changes in Korean economy and Korean society after, I connected the correlation between changes in economy and the
Without any safety net existing, extreme poverty was seen. The estimated years to recover and bring Korea’s society out of the after effects of war was substantially long. However, in just 50 years, South Korea is one of the leaders of the world in terms of international market and technology. (Montserrat, 1996, p153) South Korea was able to see a miracle like this one thanks to the highly nationalistic attitude possessed by the Koreans. They were highly motivated in attracting foreign helpto generate more work.
Korea today has a higher GDP per capita than Spain and New Zealand and is less than 10 percent behind the European Union, on which it is gaining quickly. Seoul, Korea’s capital, is a prosperous metropolitan area in a prosperous country. By using coordinated planning and connecting policies, Korea successfully managed its journey from an incipient to an advanced level of urbanization. To address economic development and urbanization, Korea’s government implemented the Five-Year National Economic Development Plans and the National Territory Comprehensive Plans. Under these plans, Korea began a journey of economic progress, with an average economic growth of 22.6 percent in the late
According to the recent study, "South Korea has achieved economic growth at an unprecedented speed. Observers named this economic growth the “Miracle of the Hangang River”, although most of the country’s industrial facilities were destroyed during the Korean War, and the country was devoid of capital and natural resources. "(Culture and Service) Contrary to this unbelievable speed, there are a lot of problems of an economic structure that can be found easily and whether the Korean economy is really developed or not is questionable. Also, even though Korea is economically developed, it has many difficulties in its society and regard themselves as being miserable. There are statistics which show the rate of happiness among Koreans, which received
But South Korea was able to bounce back and resume the soaring growth rates that have enabled its gross domestic product to double since 1998, catapulting South Korea into the ranks of the world’s wealthiest nations". (Martin Fackler. ( Jan. 6, 2011). Lessons Learned, South Korea Makes Quick Economic Recovery. Retrieved from
Third reason is Korea will be an advanced economical country. South Korea dosen’t have natural resources. But North Korea has diverse and a lot of natural resources. On the other hand, North Korea is caught short of technique. South Korea is famous for technique cosmopolitanly.