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Korean Studies
Korean Studies
In the 1960s, South Korea's economy began to take off. Since the 1970s, it has continued to grow rapidly, with per capita GNP rising from $87 in 1962 to $10,548 in 1996, creating the "Miracle on the Han River". In 1996, he joined the Organization for Economic Cooperation and Development (OECD) and in the same year became a founding member of the World Trade Organization (WTO). After the Asian financial crisis in 1997, the Korean economy entered a period of medium-speed growth.