South Korea
The Korean peninsula was divided into North and South Korea post-World War II, with tensions further heightened by the Korean War (1950-1953). However, since then, South Korea has made a remarkable turnaround, emerging as a robust economic power dubbed the 'Miracle on the Han River'. From the 1960s to the 1980s, it achieved rapid industrialization and economic development.
The economic achievements have led South Korea to become a member of the OECD in 1996 and rank as the eleventh largest economy in the world by 2017. Moreover, its military expenditure stands as the tenth largest globally. The high Human Development Index (HDI) rank of South Korea (18 in the 2016 report) reflects successful land reforms, extensive human resources development, and equitable economic growth. Renowned South Korean brands, such as Samsung, LG, and Hyundai, signify its technological advancement and globalization.
With growing commercial and cultural ties with countries like India, numerous agreements underscore South Korea's expanding influence in Asia, showcasing its role as a significant regional power.