Description of the country: South Korea, officially the Republic of Korea is a sovereign state in East Asia, constituting the southern part of the Korean Peninsula. The name Korea is derived from the ancient “Kingdom of Goguryeo”, also known as “Koryo”
Geography of the country: South Korea is located in East Asia, on the southern half of the Korean Peninsula jutting out from the far east of the Asian land mass. The only country with a land border to South Korea is North Korea, lying to the north with 238 kilometres (148 mi) of border running along the Korean Demilitarized Zone. South Korea is mostly surrounded by water and has 2,413 kilometres (1,499 mi) of coast line along three seas. To the west is the Yellow Sea, to the south is the East China Sea, and to the east is Ulleung-do and Dok-do in the Sea of Japan (East Sea). Geographically, South Korea's land mass is approximately 100,032 square kilometres (38,623 sq mi). 290 square kilometres (110 sq mi) of South Korea are occupied by water. The approximate coordinates are 37° North, 127° 30 East.
Status of economy: South Korea's tiger economy soared at an annual average of 10% for over 30 years in a period called the Miracle on the Han River, rapidly transforming it into a high-income economy and the world's 11th largest economy by 1995. Today, it is the world's fifth largest exporter and seventh largest importer with the OECD's third largest budget surplus. In 2007, this accounted for 80% of total R&D spending against 75% in Japan. Last year, South Korea’s total investment in R&D was USD28.5 billion.
Research and Development: A wide range of research work is going on in South Korea on Chemical Engineering as stated in Korean journal of Chemical Engineering since 2 decades. 2 Nobel laureates were received by South Korea for Chemistry in 1987 and 2000. Numerous chemical engineering journals are published from South Korea with good reputation.