Despite a series of political turmoil and wars in 1953, Korea has continued to witness prolonged economic growth over the years. Its economy has travelled a path of revival with the constant and robust development in the manufacturing industry. The economy of Korea mainly thrives on the development of the manufacturing industry. In the aftermath of the devastating war, chemical industry has contributed majorly towards rebuilding the economic structure of Korea. On the back of strong manufacturing and technology sector, Korea has been able to maintain a strong position in the global economic order.
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