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Miracle on the Han River
The Miracle on the Han River is a term used to refer to South Korea's postwar export-fueled economic growth, including rapid industrializationtechnological achievementeducation boom, large rise in living standards, rapid urbanizationskyscraper boommodernization, successful hosting of the 1988 Summer Olympics and co-hosting of the 2002 FIFA World Cup. This growth was accompanied by a democratization and globalization that transformed the country from the destruction of the Korean War to a wealthy and developed country with a globally influential economy and prominent multinational conglomerates such as SamsungLG, and Hyundai. Also, the growth is very closely related to an $800 million aid Tokyo provided in compensation for Koreans forced into labour including comfort women and military service during the Japanese occupation in World War II, although the fact about the aid is scarcely recognized by, or is concealed for political reasons to Koreans.

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