A highly developed country, South Korea's economy is ranked fourteenth largest in the world both by nominal GDP and PPP-adjusted GDP; it is the world's eleventh-largest exporter and seventh-largest importer.

South Korea is now considered among the most advanced democracies in continental and East Asia. Under the 1987 constitution, it maintains a unitary presidential republic with a popularly elected unicameral legislature, the National Assembly. South Korea is a major non-NATO ally of the United States and is regarded as a regional power in East Asia and an emerging power in global affairs

By 2050, Asia will be transformed, as its urban population will nearly double from 1.6 billion to 3 billion.

International means between or involving different countries. It is facilitated by the Globalization Phenomenon, which increasingly erases the constraints of geography on economic, social and cultural arrangements.