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Economy

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Economy

Uploaded by

vumyha09
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Korean Economy

South Korea was among the world's poorest nations following the 1950–1953 Korean
War, with an average annual income per person of just 64 USD. Korea's GDP per capita
by the 1960s was only on par with that of developing nations in Asia and Africa.
General Park Chung Hee took office as South Korea's president in 1963. Under his
direction, the nation as a whole emerged from the Korean War's ashes and started a robust
and ongoing growth process as a result of measures that supported exports, reorganized
the economy, and advanced industry. hefty and quickly updated.
Korea's total export turnover climbed from 32 million USD in 1960 to 10 billion USD in
1977 with the strategy of encouraging the manufacture of export goods, which included
making the most of inexpensive labor resources, maintaining high interest rates, and
measures to promote foreign investment. The nation's entire export earnings came to
$494 billion USD in 2016.
In a matter of decades, Korea transformed from a nation primarily dependent on foreign
aid to a developed one. overseas direct investment (FDI) is crucial to this nation's growth,
but overseas investors should nevertheless exercise caution when doing business with us,
Mr. Emanuel Pastreich, President of the Asia Institute in Washington, D.C., retorted.
Independent running for the US presidency in 2020.
Most recently, the "6th Basic Plan for Tourism Promotion for the period 2023-2027" was
approved by the Korean government and outlines four main objectives: 30 million global
visitors; 30 billion USD in tourism earnings; 15 days of domestic travel; and by 2027,
50,000 billion won (30 billion USD) in domestic tourism expenditures. Furthermore,
Korea outlines tasks aligned with four primary objectives: transforming Korea into a
tourist destination that attracts foreign visitors; collaborating with local authorities to
implement a revolution in tourism industry innovation; collaboratively promoting
domestic tourism with people; and bolstering the regional economy through the
development of unique tourism resources
Cultures

One of the key elements that contributes to any nation's unique qualities, attractiveness,
and customs is its culture. There isn't much love and beauty in Korean culture or in
Korean people's minds. It's challenging for us to learn everything. The traditional Hanbok
clothing culture is a representation of this nation's cultural beauty as well as the
traditional attractiveness of Korean women. Koreans wore hanbok on a daily basis
around a century ago. But now days, traditional Hanbok is mostly reserved for important
events like weddings, New Year's, and holidays. Some traditional village communities
still wear Hanbok on a daily basis.
Hanbok is also used by traditional Koreans to convey social class differences through
rigid guidelines regarding pattern symbols, color schemes, and symbolic meanings. For
instance, because the Hanboxes of the new upper class were quite heavy due to the huge
number of layers and overall flair, they were woven from hemp or other premium light
fabric in ancient times to make the wearer feel more pleasant and lighter. However, the
average person is only permitted to wear Hanbok composed of basic cotton materials like
satin, silk, muslin, hemp, and cotton. This demonstrates how difficult it has been to
eradicate power distance's impact on Korean people from the past to the present.

Korean Cuisines
It would be impossible to discuss Korea without mentioning some of its well-known,
daring foods, such bibimbap, kimchi, mushroom hot pot, and grilled ribs.
During a typical Korean lunch, the person cooking the food will prepare all the dishes
and set them on the table at the same time, rather than focusing on which dish is finished
first. Spices are a key element that distinguishes Korean food from other cuisines. For
Koreans, condiments such as soy sauce, sesame, garlic, sesame oil, green onions, and red
chili powder are indispensable. Although these spices don't look like much, they are
essential to the dish's flavor and deliciousness. Seasonal cuisine from Korea is likewise
highly well-known. The greatest foods available during that season are used to create
recipes that have the typical flavors of each season of the year. This is the summertime.

Korean Language
South Korea and the Democratic People's Republic of Korea both have Korean as their
official language. Every nation speaks a different variety of Korean. Additionally, the
North Korean Autonomous Office in Yanbian and the Changbai Korea Autonomous
Prefecture of the People's Republic of China both recognize Korean as one of their two
official languages. Globally, about 80 million people speak Korean. Being a mixed
dialect, Korean is regarded as a "language isolate." This suggests that there isn't any hard
proof that it originated similarly to an antiquated dialect that serves as the foundation for
other dialects. Korean families resemble Chinese and Japanese households in certain
ways.
Although Korean has certain borrowings from European and Indian languages, no
dialect's ancestors are closely related to Korea's ancient languages. In Korea, English is
spoken as a second language. Although it's taught in schools, not many people really
utilize it. In the past century, there has been some usage of this language in the Korean
community. Trade, particularly with the United States, contributed to its post-Korean War
domestic growth. Because English can be employed as a foreign or international
language, standard English values are therefore given more consideration.

Hanbok – Korean Traditional Custom


Koreans "respect their elders" and are heavily inspired by Confucianism. It created the
"Kkondae culture" that young Koreans need to grow fixated with. In Korean society,
kkondae is seen as patronizing toward an individual who is older both in years and
profession. "Kkondae" culture has progressively grown to be linked with men throughout
time, and its connotations have nearly always been negative. When dealing with
harassment, include affirmation. The term "equality" does not exist in Kkondae culture.
Despite the fact that they are younger than them, a lot of "older" individuals always
believe they are superior to others, and as a result, they always decide they have the right
to instruct and control others without having to.
In Korean society, age has taken on significant importance. Someone who is younger or
of a lower rank may need to supply more detail while being questioned on a daily basis.
With the rise in workplace bullying and harassment, "Kkondae" culture has progressively
grown more male-oriented and nearly exclusively negative over time. The "Kkondae"
mentality creates a lot of disparities in the workplace, particularly in terms of ownership.
The length of employment determines the kkondae culture at work. The organization is
clearly hierarchical in terms of job positions, titles, and Ngoc's shouting style. Middle or
senior managers are the ones who exhibit Kkondae culture in the workplace most
frequently. Kkondae is nearly invariably used in a disparaging manner. It simply states
that the majority of men view themselves as "old ghosts" at work. They grant themselves
the authority to make orders, to reject all viewpoints, and to require complete compliance
from the "new ghosts".

References

https://daivietsaigon.edu.vn/dao-tao/bai-viet/tim-hieu-ve-ngon-ngu-cua-dat-nuoc-han-
quoc-7040.html

https://vietnamese.korea.net/AboutKorea/Economy/The-Miracle-on-The-Hangang

https://vietnamnet.vn/tu-ngheo-doi-han-quoc-thanh-quoc-gia-phat-trien-nhu-the-nao-
671673.html

https://youcan.edu.vn/van-hoa-kkondae-han-quoc

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