South Korea’s tiger economy soared at an annual average of 10% for over 30 years[27] in a period of rapid transformation called the Miracle on the Han River. A long legacy of openness and focus on innovation made it successful.[28] Today, it is the world’s fifth largest exporter with the G20’s largest budget surplus[29] and highest credit rating of any country in East Asia.[30] It has free trade agreements with 75% of the world economy and is the only G20 nation trading freely with China, the US and the EU simultaneously.Since 1987, its constitution guarantees a multi-party democracy with universal suffrage, high government transparency and universal healthcare. High civil liberties led to the rise of a globally influential pop culture[32] such as K-pop and K-drama, a phenomenon called the Korean Wave, known for its distinctive fashionable and trendy style.[33] Home of the UN Green Climate Fund and GGGI, South Korea is a leader in low carbon green growth,[34] committed to helping developing countries as a major DAC and Paris Club contributor. It is the world’s third least ignorant country in the Index of Ignorance,[35] ranking eighth highest for peaceful tolerance and inclusion of minorities on the Fragile States Index.

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