South Korea officially the Republic of Korea, is a sovereign state in East Asia, constituting the southern part of the Korean Peninsula.
South Korea's tiger economy soared at an annual average of 10% for over 30 years in a period of rapid transformation called the Miracle on the Han River. A long legacy of openness and focus in innovation made it successful. Today, it is the world's fifth largest exporter and seventh largest importer with the G20's largest budget surplus and highest credit rating of any country in East Asia. It has free trade agreements with 75% of the world economy and is the only G20 nation trading freely with China, the US and EU simultaneously. In 1987, it became a multi-party democracy with universal suffrage and is today Asia's most advanced democracy with high government transparency, universal healthcare and freedom of religion. High civil liberties led to the rise of a globally influential pop culture such as K-pop and K-drama, the Korean Wave, Home of the UN Green Climate Fund and GGGI, South Korea is a leader in low carbon green growth, committed to helping developing countries as a major DAC and Paris Club contributor.
South Korea is East Asia's most developed country in the Human Development. Driven by a highly educated and skilled workforce, it has the world's eighth highest median household income, the highest in Asia, and its singles in particular earn more than all G7 nations. Globally, it ranks highly in personal safety, job security, ease of doing business and healthcare quality, with the world's third highest health adjusted life expectancy and fourth most efficient healthcare system. It is the world's largest spender on R&D per GDP, leading the OECD in graduates in science and engineering and ranking third in the Youth Wellbeing. Home of Samsung, the world's leading smartphone and TV maker, LG and Hyundai-Kia, South Korea was named the world's most innovative country in the Bloomberg Innovation ranking first in business R&D intensity and patents filed per GDP. In 2005, it became the world's first country to fully transition to high-speed Internet and today it has the world's fastest Internet speed and highest smartphone ownership, ranking first in ICT Development, e-Government and 4G LTE coverage.
Metrology in South Korea
As the national metrology institute (NMI) of Korea founded in 1975, KRISS has developed measurement standards technologies that serve as the source of every scientific technology and industrial activity, and provided the technology services at home and abroad.
As such, KRISS paved the way for the development of national science and technologies (S&T), and played a central role in upgrading the quality of Korea’s key industrial products to a global level.