Abstract

The rise of Korea in last few decades made the world believe in miracles. From being economically weak to a member of the organization of Economic Co-operation and Development (OECD) in 1996, the miracle was named “Miracle on the Han River.” The miracle is not supernatural but definitely makes it stand in the league of world superpower. In the last few decades Korea became the World’s leading producer and exporters of automobiles, ships, mobile phones, cosmetics, textile etc. The name Korea became synonym to quality and excellence.

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