Explain the economic and political factors that make South Korea a developed country in Asia

South Korea's rigorous education system and so the establishment of a extraordinarily driven and educated public is actually in charge of spur the country's technology boom and speedy economic development. Asian country notable for its emergence of economic development from one among the poorest countries among the planet to a developed high gain country in exactly some generations. Asian country still remains one among the fastest growing developed countries among the planet, following the good recession. it's embedded among the cluster of next eleven countries as having the potential to play a dominant role among the international economy by the middle of the twenty 1st century. It started as associate agriculture-based economy among the Sixties, and it became the eleventh largest economy among the planet in terms of gross domestic product in 2016.

South Korea dominates among the convenience to start a business and imposing contracts. All of them play a serious role in encouraging investment, production, communication and, eventually, process Asian country is presently payment the foremost necessary share of its worth on analysis and development, even larger than the U.S. and Japan.