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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. It’s equally known for its green, hilly countryside dotted with cherry trees and centuries-old Buddhist temples, plus its coastal fishing villages, tropical islands and high-tech cities such as Seoul, the capital.
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 occupies the southern portion of the Korean Peninsula, which extends some 680 miles (1,100 km) from the Asian mainland. This mountainous peninsula is flanked by the Yellow Sea to the west, and the Sea of Japan (East Sea) to the east. Its southern tip lies on the Korea Strait and the East China Sea. The country's total area is 38,462.49 square miles or 99,617.38square kilometres.
South Korea is a member of the Organization for Economic Co-operation and Development (OECD) and the G-20 major economies. South Korea has a market economy that ranks 11th in the world by nominal GDP and 13th by purchasing power parity (PPP). It is a developed country, with a developed market and a high-income economy. Since the Asian financial crisis of 1997, however, the corporate landscape has changed considerably as a result of massive bankruptcies and government reforms. The crisis exposed longstanding weaknesses in South Korea's economy, including high debt-to-equity ratios, massive foreign borrowing, and an undisciplined financial sector. This led to two rounds of financial and industrial restructuring; once in 1997 and again following the collapse of Daewoo in 1999. Daewoo's collapse has been recorded as one of the largest bankruptcies in world history. By 2003, just over one-half of the 30 largest chaebol from 1995 remained. Between 2003 and 2005, economic growth has slowed to about 4% per year, an enviable figure in much of the rest of the world. A downturn in consumer spending, attributed to massive personal credit card debt, was offset by rapid export growth, primarily to China. In 2005, the government proposed labor reform legislation and a corporate pension scheme to help make the labor market more flexible, and new real estate policies to cool property speculation. In 2006, South Korean economy has recovered its growth rate to 5.1%, and its outlook for 2007 is foretold positively.
One of the greatest advantages of Korea's healthcare system is its effectiveness-in terms of both costs and outcomes. According to list of Nursing journals South korea, The Korean people, as well as foreigners who live in Korea, have access to high-quality care at a low cost. The administrative cost of the health insurance structure is notably low. A financial analysis of the National Health Insurance Service (NHIS) in 2013 reported that its program budget utilized about 94% of funding to directly provide insurance benefits, with less than 4% being diverted toward administrative expenses. The reserve fund, thanks to fiscal surpluses, reached more than $1 billion (3%) in 2013 based on South korea Nursing journals list. The number of people that visited hospitals and clinics for ambulatory care in 2012 was 14.3 times the 2008 number, the highest rate of increase among the OECD countries for the same period seen in Nursing journals South korea. While the average length of a hospital stay in Korea ranked second only to Japan among the OECD countries, According to list of Nursing journals Korea's national expenditure on healthcare remains low at 7.6% of GDP, which is less than half of U.S. health expenditure and lower than Japan's rate of 10.3% according to World Bank data. Based on Nursing journals Korea's national per capita healthcare expenditure based on purchasing power parity was $2,291 in 2012, which the OECD finds is about one-fourth of the United States' $8,745