South Korea is an East Asian state located in the southern half of the Korean Peninsula. It is also known as the Republic of Korea or the Korea Republic. South Korea emerged as a nation with the division of Korea after the World War II by the Soviet Union and The United States in 1945. Since her birth the nation has seen several changes in all respects and most significantly of them is in the area of South Korea Economy and Politics. South Korean economics and politics have undergone major changes since the birth of the nation. While politics in South Korea has strived hard to reach its current stability, economic growth has never stopped here since the 1950's. Both economics and politics of South Korea have emerged successful from tumultuous pasts and are topics of discussion world over.
South Korean Politics South Korea earned its separate identity in 1945 after the World War-II, however continued to struggle to come of the horrors of wars. With attack from North Korea and the following constitutional instability, South Korea tried hard to build a stable political system for years. South Korea economy and politics both suffered during this period. Officially South Korea has embraced a Western-style democracy. Nevertheless the rampant irregularity during the presidential elections has been a well known feature of South Korean politics till 1987. In 1987 direct and fair presidential elections are held in South Korea, prompted by popular demonstrations. South Korean political system has an electoral college in place since 1970s which is major element of the politics in South Korea. South Korea today boasts of being a vibrant multi-party democracy for the past two decades. South Korean Economics Economy in South Korea has always made steady strides since the 1950's. Today it stands as the 11th largest economy (in nominal value) in the world. It is thus listed as 'Next Eleven Economies' in the world. South Korea economic advancement especially arises from the huge technological advancement that it has made over the years. Today South Korea stands as one of world's most technologically advanced and digitally connected countries. It has emerged as a global leader in electronics, digital displays and mobile phones as well the largest shipbuilder in the world in terms of tonnage. Today South Korea economy and politics both stand as progressive features of the nation.
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