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South Korea, an East Asian nation on the southern half of the Korean Peninsula, shares one of the world’s most heavily militarized borders with North Korea.South Korea (About this sound listen), 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 determined in the Seoul Capital Area with 25 million populations and the world's sixth leading global city with the fourth largest economy.
South Korea's market economy ranks 13th in the world by both minimal and purchasing power parity GDP, identifying it as one of the G-20 major economies. It is a developed country with a high-income economy and is the most industrialized member country of the OECD. 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 major exporter and 7th major importer in the world.
Since the 1980s, the Korean government has invested in the development of a domestic biotechnology industry, and the sector is projected to grow to $6.5 billion by 2010.The medical sector accounts for a large part of the production, including production of hepatitis vaccines and antibiotics. Albert Luthuli,1960 Nobel Peace Prize Laureate: President of the African National Congress in South Africa. Desmond Tutu, 1984 Nobel Peace Prize Laureate: Bishop of Johannesburg and former Secretary General South African Council of Churches (S.A.C.C.). Max Theiler, 1951 Nobel Laureate in Medicine: For his discoveries concerning yellow fever.