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Intro: South Korea is a country that has grown into one of Asia's most wealthy nations since partition in 1948. The Republic of Korea was proclaimed in August 1948 and received UN-backed support from the US after it had been invaded by the North in 1950. The Korean War ended in 1953 without a peace agreement, leaving South Korea technically at war for at least fifty decades. Output& Income: Gross Domestic Product& National Income: GDP in South Korea extended 0.90 percent at the fourth quarter of 2013 over the past quarter. Gross National Product in South Korea fell to 272550.50 KRW Billion from the next quarter of 2013 from 274333.70 KRW Billion from the second quarter of 2013. World Ranking: The highest FIFA ranking was 17 at December 1998. The lowest FIFA Position was 62 in February 1996. The very best Mover is currently 18 in July 2002. The worst mover was 27 in July 2006. Per Capita GDP: It is $33,200(US dollars) from 2013 and the country comparison to the world is 42. It had been $32,400 at 2012 and $31,900 in 2011. The PPP to the entire world is not large. Per Capita Income: Gross national income (GNI) per funding is $30,972 in 2012 and 29,864 in 2011. Growth slowed in late 2011, reflecting the deterioration in the world economy, but is projected around 3ВЅ per cent in 2012. Since people can see in the numbers, this can be a quite high amount and competitive in the world. Country Classification: Newly Industrialized Market: The provisions вЂњnewly industrializing economiesвЂќ (NIEs) first emerged in the late 1970s to consult a tiny group of developing countries that were successful not only in industrializing inexpensively but also in expanding their exports of artificial products. The second set of East Asian nations inc.. .