This standing contributes towards the superior tensions that divide the peninsula, and equally states claim being the sole authentic federal government of Korea. South Korea is a regional electric power along with a made nation, with its overall economy rated as the planet's fourteenth-most significant by GDP (PPP). Its armed forces are one of many environment's strongest militaries, with the globe's second-premier standing Military by navy and paramilitary staff. South Korea is renowned for its globally influential popular culture, specifically in new music (K-pop) and cinema, a phenomenon known as the Korean Wave.
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