198 TILG South Korea ceo networks

South Korea has developed into one of Asia's most affluent countries since partition in 1948. The Communist North has slipped into totalitarianism and poverty.

The republic was proclaimed in 1948 and received UN-backed support from the US after it was invaded by the North two years later.

The Korean War ended in 1953 without a peace agreement, leaving South Korea technically at war for more than fifty years.

The following four decades were marked by authoritarian rule, during which government-sponsored schemes encouraged the growth of family-owned industrial conglomerates, including the Hyundai and Samsung groups.

They helped transform South Korea into one of the world's major economies and a leading exporter of cars and electronic goods.

The US has tens of thousands of soldiers in the country.

The Beautiful South Korea You Have to Visit to appreciate

Republic of South Korea
Capital: Seoul
Population 48.6 million
Area 99,313 sq km (38,345 sq miles)
Major language Korean
Major religion Buddhism, Christianity
Life expectancy 77 years (men), 84 years (women)
Currency Won

TRAVEL & ECONOMY

South Korea's economy is the 4th and 11th largest in Asia and the world respectively. It is a mixed economy which is mostly led by family-owned corporations called chaebols. Nonetheless, the control of the chaebol is not likely to last and it creates the risk of slowing down the revolution of Korean economy into something more beneficial for the future generations.