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Republic of korea
Republic of korea









Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. In 2004, South Korea joined the trillion dollar club of world economies and currently is among the world's 20 largest economies. Since the 1960s, South Korea has achieved an incredible record of growth and global integration to become a high-tech industrialised economy. The official language of South Korea is Korean, and the currency is the won (KRW). The Republic of Korea (South Korea or Korea) is divided into nine provinces, with Seoul as the capital. After World War II, a Republic of Korea (ROK) was set up in the southern half of the Korean Peninsula. Korea regained its independence following Japan's surrender to the United States in 1945. In 1905, following the Russo-Japanese War, Korea became a protectorate of imperial Japan, and, in 1910, it was annexed as a colony. Between its initial unification in the seventh century (from three predecessor Korean states) until the 20th century, Korea existed as a single independent country. Korea is bordered by China to the northwest and Russia to the northeast, separated from Japan to the east by the Korea Strait and the East Sea, and separated from Taiwan to the south by the East China Sea.Īn independent Korean state or collection of states has existed almost continuously for several millennia.











Republic of korea