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South Korea: Politics and prosperity

by Stacey Janota, CTV News staff

South Korea’s history is filled with decades of economic, political and social repression. At the turn of the 20thcentury, the Korean peninsula was one unified country. Both Japan and Russia sought to control Korea to expand their respective interests in East Asia. The Russo-Japanese war followed from 1904-05 and in the end, a treaty was signed, which rewarded the Japanese control of Korea.

The end of the Second World War signaled Korea’s independence from Japan. Korea was immediately divided into two: the United States occupied the southern portion of the country and the former U.S.S.R occupied the northern part. In 1950 the North attacked the South, which triggered the start of the Korean War. The Americans defended South Korea against the attacks from the North, laying the foundation for indispensable relations between the two countries.

South Korea’s political and economic landscape has been marred by corruption and embezzlement for decades. Not until the second half of the 2oth century did the country begin to move away from a government heavily influenced by the military towards a more democratic one.

Park Chung-Hee’s term as president in the 1960s and '70s was filled with growth and dissent. He is credited for implementing strong economic reforms and securing South Korea’s place on the international market. Massive street protests called for an end to decades of corruption, liberation from martial law, and a move towards democratic reform.

The Asian economic crisis in the mid-1990s crippled South Korea’s economy. Largely due to borrowing, over production and demand decrease, the International Monetary Fund (IMF) bailed the country out. This opened Korea to foreign investment and the economy slowly began to recover.

When Kim Dae-Jung was elected president in 1997, it signaled a transition in Korean politics. Atop his agenda was the "Sunshine Policy" which aimed to establish dialogue with North Korea. It outlines a zero tolerance attitude towards aggression.

In a historic meeting in 2000, Kim Dae-Jung met with the reclusive North Korean president. This was followed by a huge family reunion, reuniting hundreds of families that had been separated by the Korean War. The meeting was seen as a positive step in re-establishing relations between the two Koreas.

President Roh Muh-Hyun, who took office in February 2003, is focused on easing tensions between the United States and North Korea in an effort to dismantle the North’s nuclear weapons program.
COUNTRY SNAPSHOTS
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The Two Koreas South Korea

North Korea

Jong-il Bio


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