South Korea is a country located on the southern half of the Korean Peninsula in East Asia. It is a democratic republic with a market economy and has experienced significant economic growth since the end of the Korean War.
Related terms
Seoul: The capital and largest city of South Korea.
Chaebol: Large family-controlled conglomerates that play a major role in the economy of South Korea.
Miracle on the Han River: Refers to rapid economic development that transformed South Korea into one of the world's leading economies after overcoming post-war devastation.