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Wed, August 10, 2022 | 06:04
Korea overcomes crises with national solidarity
The history of the Republic of Korea is full of shocks and crises. Most arose from military confrontations and provocations from North Korea. Only two years after its establishment in 1948, the nascent republic was engulfed in an extremely bloody and destructive civil war between South and North Korea for three years. The war was never officially ended, even 60 years after it...
From Cottage Industry to Global Export Powerhouse in 60 Years
Economic growth in Korea over the past six decades has been phenomenal. For 60 years until 2008, real GDP rose at the annual rate of nearly 7 percent. The growth of exports was even more staggering. In dollar terms, exports rose from a meager $28 million in 1952 to more than $400 billion in 2008.