Miracle On The Han River
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Miracle On The Han River
The Miracle on the Han River refers to the period of rapid economic growth in South Korea, following the Korean War (1950–1953), during which South Korea transformed from a least developed country to a developed country. The rapid 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, and Hyundai. This growth also encompassed declines in child mortality and increases in life expectancy. From 1961 to 1979, child mortality declined by 59%, the second fastest decrease in child mortality of any country with over 10 million inhabitants during the same period. South Korea during this period has been described as "corporatist" or as practicing state capitalism. This period of growth was overseen by the ...
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Gross National Income
The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents. Comparing GNI to GDP shows the degree to which a nation's GDP represents domestic or international activity. GNI has gradually replaced GNP in international statistics. While being conceptually identical, it is calculated differently. GNI is the basis of calculation of the largest part of contributions to the budget of the European Union#GNI-based own resources, budget of the European Union. In February 2017, Ireland's GDP became so distorted from the base erosion and profit shifting ("BEPS") tax planning tools of U.S. multinationals, that the Central Bank of Ireland replaced Irish GDP with a new metric, Irish Modified gross national income, Modified GNI (or "GNI*"). ...
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Han River (Korea)
The Han River or Hangang () is a major river in South Korea and the fourth longest river on the Korean peninsula after the Yalu River, Amnok (Yalu), Tumen River, Tuman (Tumen), and Nakdong rivers. The river begins as two smaller rivers in the eastern mountains of the Korean peninsula, which then converge near Seoul, the capital of the country. The Hangang River and its surrounding area have played an important role in Korean history. The Three Kingdoms of Korea strove to take control of this land, where the river was used as a trade route to China (via the Yellow Sea). The river is no longer actively used for navigation, because its estuary is located at the Korean Demilitarized Zone, borders of the two Koreas, barred for entrance by any civilian. The river serves as a water source for over 12 million South Koreans. In July 2000, the United States military admitted to having dumped formaldehyde in the sewer system connected to the river, causing protests. The lower stretches ...
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Syngman Rhee
Syngman Rhee (, ; 26 March 1875 – 19 July 1965) was a South Korean politician who served as the first president of South Korea from 1948 to 1960. Rhee was also the first and last president of the Provisional Government of the Republic of Korea from 1919 to his impeachment in 1925 and from 1947 to 1948. As President of South Korea, First Republic of Korea, Rhee's government was characterised by authoritarianism, limited economic development, and in the late 1950s growing political instability and public opposition. Authoritarianism continued in South Korea after Rhee's resignation until June Democratic Struggle, 1988, except for a few Second Republic of Korea, short breaks. Born in Hwanghae Province, Joseon, Rhee attended an American Methodist school, where he converted to Christianity. He became involved in Anti-Japanese sentiment in Korea, anti-Japanese activities after the 1894–95 First Sino-Japanese War and was imprisoned in 1899. Released in 1904, he moved to the Unite ...
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First Republic Of South Korea
The first Republic of Korea () was the government of South Korea from August 1948 to April 1960. The first republic was founded on 15 August 1948 after the transfer from the United States Army Military Government that governed South Korea since the end of Japanese rule in 1945, becoming the first independent republican government in Korea. Syngman Rhee became the first president of South Korea following the May 1948 general election, and the National Assembly in Seoul promulgated South Korea's first constitution in July, establishing a presidential system of government. The first republic claimed sovereignty over all of Korea but only controlled Korea south of the 38th parallel until the end of the Korean War in 1953, when the border was modified. The first republic was characterized by Rhee's authoritarianism and corruption, limited economic development, strong anti-communism, and by the late 1950s growing political instability and public opposition to Rhee. The April Revo ...
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Mainland Japan
is a term to distinguish the area of Japan from its outlying territories. It was an official term in the pre-war period, distinguishing Japan and its colonies in the Far East. After the end of World War II, the term became uncommon, but still is used as an unofficial term to distinguish the area of Japan from the Ryukyu Islands or Hokkaidō. The literal Japanese meaning might best be translated as inner Japan or inner lands. The term "mainland" is an inaccurate translation because mainland is usually the continental part of a region, as opposed to the islands. It is also somewhat confusing as Mainland Japan is defined to consist of several major islands (Hokkaidō, Honshū, Kyūshū, and Shikoku) and many minor ones. The term Mainland Japan is also sometimes used to translate Honshū, the largest island. Historical usage In the Japanese Empire of the pre-war period, ''naichi'' referred to the mainland of the empire. The other territories of the empire was called ''gaich ...
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Pacific War
The Pacific War, sometimes called the Asia–Pacific War, was the theater of World War II that was fought in Asia, the Pacific Ocean, the Indian Ocean, and Oceania. It was geographically the largest theater of the war, including the vast Pacific Ocean theater, the South West Pacific theater, the Second Sino-Japanese War, and the Soviet–Japanese War. The Second Sino-Japanese War between the Empire of Japan and the Republic of China had been in progress since 7 July 1937, with hostilities dating back as far as 19 September 1931 with the Japanese invasion of Manchuria. However, it is more widely accepted that the Pacific War itself began on 7 December (8 December Japanese time) 1941, when the Japanese simultaneously invaded Thailand, attacked the British colonies of Malaya, Singapore, and Hong Kong as well as the United States military and naval bases in Hawaii, Wake Island, Guam, and the Philippines. The Pacific War saw the Allies pitted against Japan, the latter ai ...
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Industrialisation
Industrialisation ( alternatively spelled industrialization) is the period of social and economic change that transforms a human group from an agrarian society into an industrial society. This involves an extensive re-organisation of an economy for the purpose of manufacturing. Historically industrialization is associated with increase of polluting industries heavily dependent on fossil fuels. With the increasing focus on sustainable development and green industrial policy practices, industrialization increasingly includes technological leapfrogging, with direct investment in more advanced, cleaner technologies. The reorganization of the economy has many unintended consequences both economically and socially. As industrial workers' incomes rise, markets for consumer goods and services of all kinds tend to expand and provide a further stimulus to industrial investment and economic growth. Moreover, family structures tend to shift as extended families tend to no longer live ...
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Empire Of Japan
The also known as the Japanese Empire or Imperial Japan, was a historical nation-state and great power that existed from the Meiji Restoration in 1868 until the enactment of the post-World War II 1947 constitution and subsequent formation of modern Japan. It encompassed the Japanese archipelago and several colonies, protectorates, mandates, and other territories. Under the slogans of and following the Boshin War and restoration of power to the Emperor from the Shogun, Japan underwent a period of industrialization and militarization, the Meiji Restoration, which is often regarded as the fastest modernisation of any country to date. All of these aspects contributed to Japan's emergence as a great power and the establishment of a colonial empire following the First Sino-Japanese War, the Boxer Rebellion, the Russo-Japanese War, and World War I. Economic and political turmoil in the 1920s, including the Great Depression, led to the rise of militarism, nationa ...
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Korea
Korea ( ko, 한국, or , ) is a peninsular region in East Asia. Since 1945, it has been divided at or near the 38th parallel, with North Korea (Democratic People's Republic of Korea) comprising its northern half and South Korea (Republic of Korea) comprising its southern half. Korea consists of the Korean Peninsula, Jeju Island, and several minor islands near the peninsula. The peninsula is bordered by China to the northwest and Russia to the northeast. It is separated from Japan to the east by the Korea Strait and the Sea of Japan (East Sea). During the first half of the 1st millennium, Korea was divided between three states, Goguryeo, Baekje, and Silla, together known as the Three Kingdoms of Korea. In the second half of the 1st millennium, Silla defeated and conquered Baekje and Goguryeo, leading to the "Unified Silla" period. Meanwhile, Balhae formed in the north, superseding former Goguryeo. Unified Silla eventually collapsed into three separate states due to ...
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Second Republic Of South Korea
The second Republic of Korea was the government of South Korea from April 1960 to May 1961. The Second republic was founded during the April Revolution mass protests against President Syngman Rhee, succeeding the First republic and establishing a parliamentary government under President Yun Bo-seon and Prime Minister Chang Myon. The Second Republic ended Rhee's authoritarianism and repression, formed a liberal democracy, and formulated the first Five-Year Plans to develop the neglected economy. The Second Republic's failure to improve South Korea's political and economic issues led to instability, and after thirteen months it was overthrown by the South Korean Army in the May 16 coup led by Park Chung-hee. The second republic was replaced by a provisional military government under the Supreme Council for National Reconstruction, leading to the third Republic of Korea. The short-lived second republic was the only government under a parliamentary system in the history of ...
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Chang Myon
Chang Myon (hangul: 장면; hanja: 張勉; August28, 1899June4, 1966) was a South Korean statesman, educator, diplomat, journalist and social activist as well as a Roman Catholic youth activist. He was the only prime minister of the parliamentary Second Republic. In addition, during the First Republic he was the fourth and last vice president of South Korea. His styled name ('' ho'') was Unseok (운석, 雲石). His English name was John Chang Myon (baptismal name, surname, given name). Under Japanese rule, Chang worked in education as a school teacher, administrator, and principal. In 1948, he led the delegation of the Republic of Korea to the UN General Assembly. In 1949, he became the first ambassador of the Republic of Korea to the United States. In 1950, he successfully appealed to the United States and the UN to send troops to assist in the Korean War. On November 23, 1950, he was appointed the second prime minister of the First Republic of Korea. From 1956 to 1960, he ...
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