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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 Kory?. Highly urbanized at 92%, South Koreans lead a distinctive urban lifestyle; half of them live in high-rises concentrated in the Seoul Capital Area with 25 million residents and the world's sixth leading global city with the fourth largest economy.
South Korea occupies the southern portion of the Korean Peninsula, which extends some 1,100 km (680 mi) from the Asian mainland. This mountainous peninsula is flanked by the Yellow Sea to the west, and East Sea to the east. Its southern tip lies on the Korea Strait and the East China Sea.
Economy, Research and Development
South Korea's economy was one of the world's fastest-growing from the early 1960s to the late 1990s, and South Korea is still one of the fastest-growing developed countries in the 2000s, along with Hong Kong, Singapore, and Taiwan, the other three Asian Tigers. South Koreans refer to this growth as the Miracle on the Han River. The South Korean economy is heavily dependent on international trade, and in 2014, South Korea was the 5th largest exporter and 7th largest importer in the world. It defines the vast research area in Cyber Security, Aerospace Research, Robotics, Biotechnology
Recently, research and development in genetics and cloning has received increasing attention, with the first successful cloning of a dog, Snuppy (in 2005), and the cloning of two females of an endangered species of wolves by the Seoul National University in 2007. The rapid growth of the industry has resulted in significant voids in regulation of ethics, as was highlighted by the scientific misconduct case involving Hwang Woo-Suk.