Background:  Following World War II, a republic was set up in the southern half of the Korean Peninsula while 

a communist government was installed in the north. Between 1950 and 1953, US and other UN forces intervened 

to defend South Korea from North Korean attacks supported by the Chinese; an armistice was signed in 1953. 

Thereafter, South Korea achieved amazing economic growth, with per capita income rising to 13 times the level of 

North Korea. In 1997, the nation suffered a severe financial crisis from which it continues to make a solid recovery. 

South Korea has also maintained its commitment to democratize its political processes.

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