Introduction:South Korea is a country that developed into one of the richest countries in Asia after the partition in 1948. The Republic of Korea was proclaimed in August 1948 and received UN support from the United States after being invaded by the North in 1950. The Korean War ended in 1953 without a peace agreement, leaving South Korea technically at war for more than fifty years. Production and Income: Gross Domestic Product and National Income: South Korea's GDP increased by 0.90% in the fourth quarter of 2013 compared to the previous quarter. The gross national product in South Korea fell to KRW 272550.50 billion in the third quarter of 2013 from KRW 274333.70 billion in the second quarter of 2013. World ranking: The highest FIFA ranking was 17 in December 1998. The lowest FIFA ranking was 62 in February 1996. The best engine was 18 in July 2002. The worst engine was 27 in July 2006. GDP per capita: is $33,200 (US dollars) in 2013 and the comparison of country with the world is 42. It was $32,400 in 2012 and $31,900 in . Per capita income: Gross national income (GNI) per capita was $30,972 in 2012 and $29,864 in 2011. Growth slowed in late 2011, reflecting the deterioration of the global economy, but is projected to be about 3½ % in 2012. As can be seen from the statistics, this is a rather high and competitive number in the world. Classification of countries: Newly industrializing economies: The terms “newly industrializing economies” (NIE) first appeared in the late 1970s to refer to a small group of developing countries that had managed not only to industrialize rapidly but also to expand their exports of artificial products. The second group of East Asian countries includes...... middle of the document ......oing-business-southkorea.html?highlight=YTozOntpOjA7czo1OiJzb3V0aCI7aToxO3M6NToia29yZWEiO2k6MjtzOjExOiJzb3V0aCBrb3JlYSI7fQ==4. http://www.oecd-ilibrary.org/economics/country-statistical-profile-korea_20752288-table-kor5. http://www.oecd.org/korea/economicsurveyofkorea2012.htm6. http://www.tradingeconomics.com/south-korea/gdp-growth7. http://www.tradingeconomics.com/south-korea/gross-national-product8. http://www.fifa.com/associations/association=kor/ranking/gender=m/9. http://en.wikipedia.org/wiki/Music_of_Korea10. http://www.answers.com/topic/newly-industrializing-economies11. https://www.cia.gov/library/publications/the-world-factbook/fields/2048.html12. http://www.worldbank.org/en/news/press-release/2013/10/10/world-bank-group-open-new-offices-korea13. https://www.kdevelopedia.org/mnt/idas/asset/2013/03/28/DOC/PDF/04201303280125567070791.pdf