Korea in Focus

ustrial and economic growth has seen the Republic nearly reach developed nation status in a remarkably short time. The Korean people also find themselves in the midst of a new era of democratic development following the birth of the civilian Administration of President Kim Young Sam on February 25, 1993. This wiped out the negative legacy of decades of military-backed authoritarian rule. The country has since been implementing bold political and economic reforms to eradicate corruption and revitalize and restructure the economy with the goal of building a New Korea - a mature and vibrant indus