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High Quality Content by WIKIPEDIA articles! Miracle on the Han River refers to South Korea's highly accelerated export-fueled economic growth, overnight industrialization, technological achievement, education boom, exponential rise in living standards, rapid urbanization, skyscraper boom, modernization, successful hosting of the 1988 Summer Olympics and 2002 FIFA World Cup, fast democratization and globalization that miraculously transformed the country from the ashes of the Korean war to a wealthy and highly developed country today with a globally influential trillion dollar economy and well-known multinational conglomerates such as Samsung, LG and Hyundai-Kia.