South Korea

Partners situated in South Korea

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South Korea in a nutshell

(sourced from Wikipedia)

South Korea, officially the Republic of Korea and often referred to as Korea (Korean: 대한민국, Hanja: 大韓民國), is a presidential republic in East Asia, occupying the southern half of the Korean Peninsula. Also known as the Land of the Morning Calm, it is neighbored by China to the west, Japan to the east and borders North Korea to the north. South Korea's capital and largest city, Seoul, is a global financial and cultural center and the second largest metropolitan city in the world.

Following the unification of the Three Korean Kingdoms in 668 CE, Korea went through the Goryeo and Joseon Dynasty as one nation until the end of the Korean Empire in 1910. After division, South Korea was established in 1948 and has since developed a successful democracy, a prosperous economy and an advanced military, maintaining a strong alliance with the United States. It is now working towards a peaceful reunification with North Korea.

South Korea is a major economic power and one of the wealthiest countries in Asia. It is a developed country with a high standard of living, having a trillion dollar economy that is the third largest in Asia and 13th largest in the world. Forming the G20 industrial nations and the world's top ten exporters, it is an APEC and OECD member, defined as a High Income Nation by the World Bank and an Advanced Economy by the IMF and CIA. A major non-NATO ally, it has the world's sixth largest armed forces and the tenth largest defence budget in the world.

The government of South Korea is divided into three branches: executive, judicial, and legislative. The executive and legislative branches operate primarily at the national level, although various ministries in the executive branch also carry out local functions. Local governments are semi-autonomous, and contain executive and legislative bodies of their own. The judicial branch operates at both the national and local levels. South Korea is a constitutional democracy.

The South Korean government's structure is determined by the Constitution of the Republic of Korea. This document has been revised several times since its first promulgation in 1948. However, it has retained many broad characteristics; with the exception of the short-lived Second Republic of South Korea, the country has always had a presidential system with an independent chief executive. South Korea has developed a successful liberal democracy since the 1960s and the first direct election was held in 1987.

South Korea is divided into 8 provinces (do), 1 special autonomous province (teukbyeol jachido), 6 metropolitan cities (gwangyeoksi), and 1 special city (teukbyeolsi). These are further subdivided into a variety of smaller entities, including cities (si), counties (gun), districts (gu), towns (eup), townships (myeon), neighborhoods (dong) and villages (ri), as explained below.

(Note on translation: although the terms "Special City," "Metropolitan City," "Province," and "City" are commonly used on English-language government websites, the other translations ("county," "town," "district," etc.) are not official translations, and are only intended to serve as useful illustrations of each entity's meaning.)

Most South Koreans live in urban areas, due to rapid migration from the countryside during the country's quick economic expansion in the 1970s, 1980s and 1990s. The capital city of Seoul is also the country's largest city and chief industrial center. It had 10.3 million inhabitants in 2006, making Seoul one of the most populated single cities in the world.[79] Other major cities include Busan (3.65 million), Incheon (2.63 million), Daegu (2.53 million), Daejeon (1.46 million), Gwangju (1.41 million) and Ulsan (1.10 million).[

The population has also been shaped by international migration. Following the division of the Korean peninsula after World War II, about four million people from North Korea crossed the border to South Korea. This trend of net entry reversed over the next forty years due to emigration, especially to the United States and Canada. However, South Korea's burgeoning economy and democracy in the early and mid-1990s slowed the high emigration rates typical of the previous decades. The current population of South Korea is roughly 48,850,000.

Although small, the percentage of non-Koreans has been increasing. Officially, as of the summer of 2007, there are just over 1 million foreigners living in Korea. That number includes foreign residents, students, tourists and illegal aliens. Among them, 104,749 people were married to Koreans, 404,051 were working in Korea and 225,273 were illegal aliens.

Korean farmers have a hard time finding a wife, as few women want to live in the countryside. Farmers are forced to look abroad to find their wife, mostly from Southeast Asia, and increasingly from Eastern Europe. For the year 2006, 41% of the marriages amongst the farmers were to foreign nationals.

There are 31,000 US military personnel.

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