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Seminar paper from the year 2016 in the subject Sociology - Economy and Industry, grade: 2,0, University of Applied Sciences Zwickau, language: English, abstract: South Korea is a country with a very tough background. They went through occupations, dispossessions and humiliation during the last 100 years, which makes this country a really impressive example of how economies can achieve a successful position in the world. It has positioned itself in the world system from one of the poorest countries in the world to one of the most successful ones. We will examine what South Korea values are regarding not only today´s economy globally but also nationally. We will focus on the history and development of South Korea as well as the Northeast Asian Tiger Economy. We will take a closer look at the history of the country from the very beginning of an exploited country to a rising development, throughout the time of industrialization, leading to democratization and the crisis of the state economy.