South and North Korea Essay

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The South Korean Economy and The North Korean Economy Written by Jason Hefter The Korean peninsula is still to this day a very complex and mysterious part of the world that is divided in two opposite economies and governments. The shadow of the Cold war lingers over the Korean peninsula still to this day with no foreseeable end in sight. Both sides publicly agree that they would like to rejoin as one, but neither has made any real attempt at diplomacy. At the end of World War II, Korea was divided in half; the Communist North and the Capitalist South. During the early 1950’s (1950-1953), both sides fought in the Korean War. The war was heavily influenced by China and the United States, and unfortunately ended in a stalemate and little change to there heavily armed border. This border is known as the most heavily armed border in the world, and is referred to as the 38th Parallel. After 1953, both sides took very different turns economically and politically. South Korea advanced rapidly and has become a global leader in technological advancement. North Korea on the other hand has led a path of extreme isolationism, which has led to starvation, lack of resources, and an overall hostile attitude to the outside world, especially the United States of America. In this paper, I will analyze both North and South Korea, their economies, and what led to them separating and developing vastly different economies despite there cultural similarities (which were identical before they split). Compared to the rest of the Asian, Korean and its people have a distinct cultural and ethnic identity. Linguistically, Koreans are related to Manchurians as well as Japanese. That being said, Koreans are closer culturally to the Chinese. According to ancient Korean myths, their people descended from the son of a bear and a god who founded the original Korean kingdom in 2333

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