Question

Support with arguments that South Korea is emerging as a new alternate center of power.

Answer 1

1. Between the 1960s and the 1980s, it rapidly developed into an economic power, which is termed “Miracle on the Han River.”
2. Signalling its all-around development, South Korea became a Member of the OECD in 1996.
3. In 2017, its economy was the eleventh largest in the world, and its military expenditure was the tenth largest.
4. According to the Human Development Report 2016, the HDI rank of South Korea is 18. The major factors responsible for its high human development include “successful reforms, rural development, extensive human resources development, and rapid, equitable economic growth.”
5. Other factors are export orientation, strong redistribution policies, public infrastructure, development, effective institutions, and governance.
6. South Korean brands such as Samsung, LG, and Hyundai have become renowned in India. Numerous agreements between India and South Korea signify their growing commercial and cultural ties.