Have you ever heard of this country?

This country has been another country’s colony for 36 years.
During the 1950s this country was ruined because of war.
During the 1950s its the national income was $50, which was one of the lowest incomes in the world.

During the war, General MacArthur, who came to help the country from America commented,
“It will take 100 years for this country to recover from the war.”
English newspaper evaluated this country like this. “One would rather hope to grow flower from trash heap than see this country, which went through 36 years of colonial period and war, rise.”

When this country’s national income became $67 during 1960s, Ghana and Philippine’s national income surpassed $100 and $200.”

This country became the only country in the world to raise the national income by 380 and the GDP by 750 times in half a century after the war in 1950. This country, which received aid from international societies during 1960s as a needy country, became a member of OECD during 1996.

During the 2010s, this country’s national income passed $20000 and became the 10th economically strongest country in the world. This country’s steel, semiconductor, automobile, vessel, and cell phone products are now emerging as one of the best in the world.

As of January 1st 2010, this country earned membership into the OECD and DAC. DAC consists of developed countries, helping countries in Asia and Africa that are in need. After establishment of OECD in 1960s, this country became the only one to transform from a “Needing country” to a “Giving country”

After independence of more than 140 countries following World War II, this country became the only one to achieve democratization and industrialization at the same time. This country, which was economically the same as Ghana during the 1960s, became one of the advanced countries to help needy countries in 60 years.

Now, this country is third in the world to send volunteer workers following USA and Japan. In 2007, the Goldman Sachs Group, Inc. (NYSE:GS), which is one of the well known finance investment companies in the world, stated;

“In 2007, this country’s GDP will be $814 billion which is 11th in the world and in 2025, this country will become 9th strongest country in the world. Furthermore in 2050, the GDP per person will become $81000. Korea’s GDP would outcompete that of Japan and Germany becoming the second in the world following USA.”

This Country is the Republic of Korea.

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