Economy

Korea’s Economic Development For 35 years from 1910 to 1945, our country was under foreign rule. Due to the Korean War in 1950, our land was devastated. After the war, its GNI per capita was around $50, which was among the lowest in the world. In 1960, it increased to $67 when Ghana’s GNI per…

South Korea, though it is a latecomer, has made unprecedented achievements in both economic development and democratization. As a result, South Korea, a former developing country, is now one of the most popular role models among developing nations throughout the world. Out of the 80 countries in the world that became independent after WWII, South…