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Encyclopedia > Miracle on the Han River

"Miracle on the Han River" (한강의 기적) is a catchphrase often used in South Korea and by scholars to describe the period of rapid economic growth that took place in South Korea following the Korean War up until the Asian Financial Crisis. In particular, this phrase is often used to describe the growth of Seoul — through which the Han River flows — from a city virtually levelled by war to a major economic hub, and the growth of South Korea into one of the Four Asian Tigers. Combatants United Nations:  Republic of Korea,  Australia,  Belgium,  Luxembourg,  Canada,  Colombia,  Ethiopia,  France,  Greece,  Luxembourg,  Netherlands,  New Zealand,  Philippines,  South Africa,  Thailand,  Turkey,  United Kingdom,  United States Medical staff:  Denmark,  Australia,  Italy,  Norway,  Sweden Communist states:  Democratic People’s Republic of Korea,  Peoples Republic of China,  Soviet Union Commanders... The Asian financial crisis was a financial crisis that started in July 1997 in Thailand and affected currencies, stock markets, and other asset prices in several Asian countries, many considered East Asian Tigers. ... Short name Statistics Location map Map of location of Seoul. ... The Han River located in South Korea, is the confluence of the South Han River, which originates in Mount Daedeok-san, and the North Han, which originates in Mount Geumgang-san. ... Map of Four Asian Tigers  Hong Kong  Taiwan  Singapore  South Korea Skyline of Hong Kong Island, taken from Tsim Sha Tsui, Kowloon, Hong Kong The skyline of Singapores Central Business District (CBD) at evening. ...


“Miracle on the Han” is obviously borrowed from “Miracle on the Rhine” — a phrase that predates the Korean catch phrase by decades and described the economic rebirth of (West) Germany after World War II. The term Wirtschaftswunder (English: economic miracle) designates the upturn experienced in the West German and Austrian economies after the Second World War. ...


For the historical context of this catchphrase, please see Economy of South Korea. Currency 1 South Korean Won (W) = 100 Jeon(Chŏn) (theoretical) Fiscal year Calendar year Trade organizations APEC, WTO and OECD Statistics [1] GDP ranking 10th by volume (at nominal) (2006); 11th by volume (at PPP) (2006); GDP (Nominal) $897. ...


External links

  • Seoul becomes the "Miracle on the Han"
  • An article on the post-industrial "Miracle on the Han"

  Results from FactBites:
 
Han River (Korea) - Wikipedia, the free encyclopedia (129 words)
The Han River located in South Korea, is the confluence of the South Han River, which originates in Mount Daedeok, and the North Han, which originates in Mount Geumgang.
The total distance of the Han River is 514 km.
Although it is not a long river, the lower Han is remarkably broad for such a relatively short river.
Miracle on the Han River - Wikipedia, the free encyclopedia (172 words)
"Miracle on the Han River" is a catchphrase often used in South Korea and by scholars to describe the period of rapid economic growth that took place in South Korea following the Korean War up until the Asian Financial Crisis.
In particular, this phrase is often used to describe the growth of Seoul - through which the Han River flows -- from a city virtually levelled by war to a major economic hub, and the growth of South Korea into one of the four East-Asian Tigers.
“Miracle on the Han” is obviously borrowed from “Miracle on the Rhine” – a phrase that predates the Korean catch phrase by decades and described the economic rebirth of (West) Germany after World War II.
  More results at FactBites »


 

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