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About Korea...

South Korea, officially the Republic of Korea (ROK) and often referred to as Korea, is a state in East Asia, located on the southern half of the Korean Peninsula. It is neighbored by China to the west, Japan to the east, and North Korea to the north. Its capital is Seoul, the second largest metropolitan city in the world and a major global city. Its territory covers a total area of 100,032 square kilometers and has a population of over 50 million, making it the third most densely populated (significantly sized) country in the world.

South Korea is a developed country and had one of the world's fastest growing economies from the early 1960s to the late 1990s. Its rapid transformation into a wealthy and industrialized economy in this short time was termed the Miracle on the Han River. This growth surge was achieved through manufacturing oriented exports and a highly educated workforce. As of 2009, South Korea is the world's eighth largest exporter.

A member of the OECD, South Korea is classified as a high-income economy by the World Bank, an advanced economy by the IMF and CIA and a developed market by the FTSE Group. It has a very high HDI, measuring particularly high in the Education Index, where it is ranked first in Asia and seventh worldwide. South Korea is currently ranked as the most innovative country in the world among major economies in the Global Innovation Index.

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