Seoul City Essay Example | Topics and Well Written Essays - 500 words

Seoul City - Essay Example Ostensibly, the Korean people learned how a conflict can paralyze the economy of a country. The term is a representation of rapid industrialization, urbanization, economic boom, education boom, technological advancement, skyscraper boom, a rise in living standards and modernization. This culminated in the successful hosting of the 1988 Summer Olympics Championship. Additionally, Seoul City co-hosted the 2002- FIFA World Cup. Consequently, the country transformed from the near destruction of the Korea War into globalization and democratization. The city is celebrated as wealthy, developed with sound economic viability and exerting a global economic influence (The Korean Economy - the Miracle on the Hangang River). Currently, it boasts of prominent multinational companies such as Samsung, Hyundai-Kia, and LG. More specifically, the term refers to the economic growth of Seoul city through which River Han flows. It is fascinating to note that it is termed a ‘miracle’ as it r epresents the economic rebirth of the country between the periods 1961 to 1996. Initially, the country was crippled by the Korean War that saw an escalation of poverty levels and unemployment rates. Interestingly, in less than four years, Seoul became a global city, a highly developed economic hub, center of business and commerce. It opened grounds for technological advancement and the development of communication infrastructure. Currently, the inhabitants consider the opulence as national pride as well as a symbol of self-sufficiency.