Excuse me, I've heard some rumors that Korea is the poorest country in the world. Is this true? I'm a bit surprised, given Korea's advanced technology and economic development. Can you please clarify this matter for me? I'm quite curious about the economic situation in Korea and want to understand the truth behind this statement. Thank you.
5 answers
Silvia
Mon Apr 01 2024
South Korea's economic journey began with humble beginnings. In 1961, the country's annual per capita income stood at a mere US $82, marking it as one of the poorest nations globally.
Tommaso
Mon Apr 01 2024
Turning points often arise unexpectedly. Such was the case for South Korea in 1962 when the government introduced a five-year economic development plan, sparking a remarkable transformation.
HanbokElegance
Sun Mar 31 2024
This plan paved the way for significant economic growth. South Korea's economy experienced a meteoric rise, shifting its status from a developing nation to an economic powerhouse.
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Sun Mar 31 2024
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Sun Mar 31 2024
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