Korea's economic boom (Miracle on the Han river) and growing influence on Global market.
The Miracle on the Han River refers to unprecedented economic boom in South Korea following the Korean war (1950–1953), during which South Korea transformed from a developing country to a developed country in a remarkably short period. The reconstruction and development of the South Korean economy during the latter half of the 20th century was accompanied by events such as the country's successful hosting of the 1988 summer Olympics and its co-hosting of the 2002 FIFA World Cup as well as the ascension of family-owned conglomerates known as Chaebols, such as Samsung, LG, Hyundai and others which are now among the best known global brands
Today, South Korea stands as the 11th largest economy in the world. The Korea’s rapid transformation is attributed to the nation’s hard working ethics as well as strong faith in Education. Also, It is one of the countries that has significant cultural influence on the global culture, standing 13th in Global soft power reported in 2015. Led by the Korean food and the fashion and music industries, Korea is now becoming an important partner for trade and tourism.