South Korea or Korea, officially the Republic of Korea , is a sovereign state in East Asia, constituting the southern part of the Korean Peninsula. Officially, its territory consists of the whole Korean Peninsula and its adjacent islands, which are largely mountainous. South Koreans lead a distinctive urban lifestyle, as half of them live in high-rises concentrated in the Seoul Capital Area with 25 million residents. The capital Seoul is the world's sixth leading global city with the fifth largest economy and is the seventh most sustainable city in the world.
South Korea Map
South Korea, along with Taiwan, Singapore and Hong Kong (China) is one of the four high-tech industrialized developed countries often referred to as the Four Asian Economic Dragons. The South Korean economy soared at an annual average of 10% for over 30 years in a period of rapid transformation called the Miracle on the Han River. A long legacy of openness and focus on innovation made it successful. Today, it is the world's seventh largest advanced economy and fifth largest exporter with the G20's largest budget surplus and highest credit rating of any country in East Asia. It has free trade agreements with 75% of the world economy and is the only G20 nation trading freely with China, the US and the EU simultaneously.
Since 1988, its constitution guarantees a liberal democracy with high government transparency and many fundamental rights such as universal healthcare. High personal freedoms led to the rise of a globally influential pop culture such as K-pop and K-drama, a phenomenon called the Korean Wave, known for its distinctive fashionable and trendy style. Home of the UN Green Climate Fund and GGGI, South Korea is a leader in low carbon green growth, committed to helping developing countries as a major DAC and Paris Club contributor. It is the world's third least ignorant country in the Index of Ignorance, ranking eighth highest for peaceful tolerance and inclusion of minorities on the Fragile States Index.
South Korea is a technologically advanced developed country driven by a highly educated and skilled workforce, having the world's eighth highest median household income, the highest in Asia. Globally, it ranks highly in personal safety, job security, ease of doing business and healthcare quality, with the world's third highest health adjusted life expectancy and fourth most efficient healthcare system. It is the world's largest spender on R&D per GDP, leading the OECD in graduates in science and engineering and ranking third in the Youth Wellbeing Index. Home of Samsung, LG and Hyundai-Kia, South Korea was named the world's most innovative country for 4 consecutive years since 2014 in the Bloomberg Innovation Index, ranking first in business R&D intensity, manufacturing value-added, patents filed per GDP, second in higher education efficiency and fourth in high-tech density and researcher concentration. In 2005, it became the world's first country to fully transition to high-speed Internet and today it has the world's fastest Internet speed and highest smartphone ownership, ranking first in ICT Development, e-Government and 4G LTE coverage.
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