South Korea
Definition
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.
Analogy
Imagine South Korea as an ambitious student who works hard to excel academically while also participating in extracurricular activities. They value individual freedoms and have more flexibility in decision-making compared to their counterpart, North Korea.
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.
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