Korea 2005 CE

Korea is divided between one of the richest and one of the poorest countries in the world.

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What is happening in Korea in 2005CE

In South Korea a coup in 1961 brought Park Chung-hee to power. He presided over continuing economic growth until his assassination in 1979. Growing civil unrest brought an end to dictatorship, and South Korea moved to becoming a fully functioning, multi-party democracy (1988). The country was caught up in the East Asian Financial Crisis of 1997, which dented South Korea’s economic progress somewhat, but even so, the country has become one of the world’s largest economies.

North Korea is a harshly-ruled country with a rigidly planned, utterly failing economy. There have been bouts of famine in the 1990’s. In 2005 the world community has cause to be anxious about this country’s ambitions to become a nuclear power.

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