Showing results for "The Price" in Asia

South Korea's extraordinary economic and technological transformation after the Korean War (1950-1953) is often referred to by observers and historians as the "Miracle on the Han River." The nation underwent an astonishing makeover from being one of the poorest countries to become the 12th largest economy in the world and 4th in Asia. South Korea also became one of the most technologically advanced countries in a short span. As in other capitalist economies, some people have benefited from the economic and technological attainments, while others have been left out....

The flag of the rising sun, originally used throughout feudal Japan and during the Meiji Reformation, officially became a battle flag for the new imperial military. During the World War II and well before, the Empire of Japan used the rising sun flag for not just state use or functions but also naval jacks and army banners, cementing its image as a symbol for an aggressive and imperialist Japan. To many Koreans, Filipinos, Chinese, and countless Asian ethnicities, the rising sun flag occupied the same moral space as the swastika and the Nazi flag.