South Korea (Republic of Korea)
Flag of South Korea |
The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Its first kingdom was noted in Chinese records in the early 7th century BCE. Following the unification of the Three Kingdoms of Korea into Silla and Balhae in the late 7th century, Korea was ruled by the Goryeo dynasty (918–1392) and the Joseon dynasty (1392–1897). The succeeding Korean Empire (1897–1910) was annexed in 1910 into the Empire of Japan. Japanese rule ended following Japan's surrender in World War II, after which Korea was divided into two zones; a northern zone occupied by the Soviet Union and a southern zone occupied by the United States. After negotiations on reunification failed, the southern zone became the Republic of Korea in August 1948 while the northern zone became the communist Democratic People's Republic of Korea the following month.
In 1950, a North Korean invasion began the Korean War, which saw extensive American-led United Nations intervention in support of the South, while China intervened to support the North, with Soviet assistance. After the war's end in 1953, the country entered into a military alliance with the U.S., which continues to this date, and its devastated economy began to soar, recording the fastest rise in average GDP per capita in the world between 1980 and 1990. Despite lacking natural resources, the nation rapidly developed to become one of the Four Asian Tigers based on international trade and economic globalization, integrating itself within the world economy with export-oriented industrialization; currently being one of the largest exporting nations in the world, along with having one of the largest foreign-exchange reserves in the world. The June Democratic Struggle led to the end of authoritarian rule in 1987 and the country is now considered among the most advanced democracies in Asia, with the highest level of press freedom on the continent in 2021.
South Korea is a regional power and a developed country, with its economy being ranked as the world's thirteenth-largest by nominal GDP and the fourteenth-largest by GDP (PPP). It ranks nineteenth globally by Human Development Index. In recent years, the country has been facing an aging population and the lowest fertility rate in the world. South Korea's citizens enjoy one of the world's fastest Internet connection speeds and the densest high-speed railway network. The country is the world's ninth-largest exporter and ninth-largest importer. Its armed forces are ranked as one of the world's strongest militaries, with the world's second-largest standing army by military and paramilitary personnel. In 21st century, South Korea has been renowned for its globally influential pop culture, particularly in music (K-pop), TV dramas (K-dramas) and cinema, a phenomenon referred to as the Korean Wave. It is a member of the OECD's Development Assistance Committee, the G20, the IPEF, and the Paris Club.
The name Korea is an currently an exonym, although it was derived from a historical kingdom name Goryeo (Revised Romanization) or Koryŏ (McCune-Reischauer). Goryeo was the shortened name officially adopted by Goguryeo in the 5th century and the name of its 10th-century successor state Goryeo. Visiting Arab and Persian merchants pronounced its name as "Korea". The modern name of Korea appears in the first Portuguese maps of 1568 by João vaz Dourado as Conrai and later in the late 16th century and early 17th century as Korea (Corea) in the maps of Teixeira Albernaz of 1630.
The kingdom of Goryeo became first known to Westerners when Afonso de Albuquerque conquered Malacca in 1511 and described the peoples who traded with this part of the world known by the Portuguese as the Gores. Despite the coexistence of the spellings Corea and Korea in 19th century publications, some Koreans believe that Imperial Japan, around the time of the Japanese occupation, intentionally standardized the spelling on Korea, making Japan appear first alphabetically.
After Goryeo was replaced by Joseon in 1392, Joseon became the official name for the entire territory, though it was not universally accepted. The new official name has its origin in the ancient kingdom of Gojoseon (2333 BCE). In 1897, the Joseon dynasty changed the official name of the country from Joseon to Daehan Jeguk (Korean Empire). The name Daehan (Great Han) derives from Samhan (Three Han), referring to the Three Kingdoms of Korea, not the ancient confederacies in the southern Korean Peninsula. However, the name Joseon was still widely used by Koreans to refer to their country, though it was no longer the official name. Under Japanese rule, the two names Han and Joseon coexisted. There were several groups who fought for independence, the most notable being the Provisional Government of the Republic of Korea (대한민국 임시정부 / 大韓民國臨時政府).
Following the surrender of Japan, in 1945, the "Republic of Korea" (대한민국 / 大韓民國, IPA:, ; ) was adopted as the legal English name for the new country. However, it is not a direct translation of the Korean name. As a result, the Korean name "Daehan Minguk" is sometimes used by South Koreans as a metonym to refer to the Korean ethnicity (or "race") as a whole, rather than just the South Korean state. Conversely, the official name of North Korea in English, the "Democratic People's Republic of Korea", is a direct translation of the Korean name.
Since the government only controlled the southern part of the Korean Peninsula, the informal term "South Korea" was coined, becoming increasingly common in the Western world. While South Koreans use Han (or Hanguk) to refer to both Koreas collectively, North Koreans and ethnic Koreans living in China and Japan use the term Joseon instead.
Currency / Language
ISO | Currency | Symbol | Significant figures |
---|---|---|---|
KRW | South Korean won | â‚© | 0 |
ISO | Language |
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EN | English language |
KO | Korean language |