Question

Which country's development into an economic power is known as the "Miracle on the Han River"?

• A. Japan
• B. China
• C. South Korea
• D. Indonesia

Hint:

The "Miracle on the Han River" is a term used to describe South Korea's incredible post-war economic transformation, driven by industrialization and export-oriented growth.

Answer 1

The Correct Option is C

Step 1: Understanding the Miracle on the Han River
The "Miracle on the Han River" refers to the rapid and remarkable economic development of South Korea after the Korean War. From being one of the poorest countries in the world, South Korea became one of the largest economies in Asia, primarily due to its focus on industrialization, export-driven growth, and technological advancements.
Step 2: Reasons for South Korea's Economic Growth
After the war, South Korea adopted various economic reforms, including land reforms, focused investments in heavy industries, and support for education. The government played a key role in fostering the conditions for rapid economic growth, which included the development of key industries such as electronics, shipbuilding, and automobiles. This transformation is often referred to as the "Miracle on the Han River."
Step 3: Final Answer
Therefore, the country known for this economic miracle is South Korea. Thus, the correct answer is Option (C).