TagAZ ( Russian : ТагАЗ, Таганрогский автомобильный завод , romanized : Taganrogskiy Avtomobilnyi Zavod , lit. 'Taganrog Automobile Factory') was an automotive assembly plant located in Taganrog , Russia . An affiliated enterprise is the Rostov Truck Factory.
127-583: On January 21, 2014, the company was declared bankrupt. Construction of the Taganrog Automotive Plant began in spring 1997, under license and technology of South Korean Daewoo Motors , and was fully financed by Doninvest Finance & Industry Group, with investment volumes surpassing US$ 260 million. In 1998, Doninvest launched pilot semi-knocked-down production of the Daewoo Lanos and Daewoo Nubira models. From 1999 to 2002,
254-523: A U.S. zone and a Soviet zone . Dean Rusk and Charles H. Bonesteel III suggested the 38th parallel as the dividing line, as it placed Seoul under U.S. control. To the surprise of Rusk and Bonesteel, the Soviets accepted their proposal and agreed to divide Korea. Despite intentions to liberate a unified peninsula in the 1943 Cairo Declaration , escalating tensions between the Soviet Union and
381-634: A division system with the creation of six gu (districts): Busanjin District, Dong District, Dongnae District, Jung District, Seo District, and Yeongdo District. Today, Busan has divided into fifteen gu and one gun (county). Busan is the 2nd largest city in Korea, a maritime logistics hub in Northeast Asia with its world-class mega ports, and a gateway to the Eurasian continent. In 2017,
508-413: A feed-in tariff . Around 350 residential micro combined heat and power units were installed in 2012. In 2017, South Korea was the world's seventh largest emitter of carbon emissions and the fifth largest emitter per capita. President Moon Jae-in pledged to reduce greenhouse gas emissions to zero in 2050. Seoul's tap water recently became safe to drink, with city officials branding it " Arisu " in
635-520: A Chinese school. Haedong Yonggung temple is one of three sacred places related to the Goddess Buddha. It is located right near the sea. It lies on a mountain in the front and the sea at the back. Gamcheon Cultural Village was created in the 1950s as a residential community along a mountain slope. The houses in the village are built in a staircase fashion. The village often dubbed the "Machu Picchu of Korea" attracts many tourists. In addition,
762-437: A bid to convince the public. Efforts have also been made with afforestation projects. Another multibillion-dollar project was the restoration of Cheonggyecheon , a stream running through downtown Seoul that had earlier been paved over by a motorway. One major challenge is air quality, with acid rain, sulfur oxides, and annual yellow dust storms being particular problems. It is acknowledged that many of these difficulties are
889-640: A brief unification of the Three Kingdoms and becoming the most dominant power on the Korean Peninsula. In addition to contesting control of the Korean Peninsula, Goguryeo had many military conflicts with various Chinese dynasties, most notably the Goguryeo–Sui War , in which Goguryeo defeated a huge force said to number over a million men. Baekje was a maritime power, sometimes called the " Phoenicia of East Asia". Its maritime ability
1016-714: A close election over the Democratic Party candidate by the narrowest margin ever. Yoon was sworn in on May 10, 2022. South Korea occupies the southern portion of the Korean Peninsula , which extends some 1,100 km (680 mi) from the Continental and East Asian mainland. This mountainous peninsula is flanked by the Yellow Sea to the west and the Sea of Japan to the east. Its southern tip lies on
1143-563: A conservative government was elected in 2007 led by President Lee Myung-bak , former mayor of Seoul . Meanwhile, South Korea and Japan jointly co-hosted the 2002 FIFA World Cup . However, South Korean and Japanese relations later soured because of conflicting claims of sovereignty over the Liancourt Rocks . In 2010, there was an escalation in attacks by North Korea. In March 2010 the South Korean warship ROKS Cheonan
1270-517: A coup. Yi Seong-gye declared the new name of Korea as "Joseon" in reference to Gojoseon, and moved the capital to Hanseong (one of the old names of Seoul ). The first 200 years of the Joseon dynasty were marked by peace and saw great advancements in science and education, as well as the creation of Hangul by Sejong the Great to promote literacy among the common people. The prevailing ideology of
1397-606: A ferry service was opened between Busan and Shimonoseki in Japan. In 1914, Dongnae-bu was reorganized into Busan-bu. In 1915, a tram was opened between Busanjin and the Dongnae Hot Springs [ ko ] . The following year, the city tram opened. During the Japanese rule , Busan developed into a hub trading port with Japan. Busan was the only city in Korea to adopt the steam tramway before electrification
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#17327914003231524-578: A few decades. As Lelang Commandery was destroyed and rebuilt around this time, the place gradually moved toward Liaodong. Thus, its force was diminished and only served as a trade center until it was conquered by Goguryeo in 313. Beginning around 300 BC, the Japonic -speaking Yayoi people from the Korean Peninsula entered the Japanese islands and displaced or intermingled with the original Jōmon inhabitants. The linguistic homeland of Proto- Koreans
1651-571: A length of 7.62 km (4.73 mi) and a size of 2.66 km (1.03 sq mi), designated as Natural Monument No. 179, Daejeo Ecological Park is a habitat for migratory birds at the Nakdong River Estuary. The estuary was chosen as a trial project for the Four Major Rivers Restoration Project. The sports facilities were partially built on the upper and lower parts of the park only, while
1778-475: A nationwide next-generation network that will be 10 times faster than broadband facilities, in order to reduce energy usage. The renewable portfolio standard program with renewable energy certificates runs from 2012 to 2022. Quota systems favor large, vertically integrated generators and multinational electric utilities, if only because certificates are generally denominated in units of one megawatt-hour. They are also more difficult to design and implement than
1905-659: A new renaissance of the Joseon dynasty during the 18th century. In the 19th century, Joseon began experiencing economic difficulties and widespread uprisings, including the Donghak Peasant Revolution . The royal in-law families had gained control of the government, leading to mass corruption and weakening of the state. In addition, the strict isolationism of the Joseon government that earned it "the hermit kingdom " became increasing ineffective due to increasing encroachment from powers such as Japan, Russia, and
2032-456: A political prisoner sentenced to death (later commuted to exile). He won against the backdrop of the 1997 Asian financial crisis , where he took IMF advice to restructure the economy and the nation soon recovered its economic growth, albeit at a slower pace. In June 2000, as part of President Kim Dae-jung's " Sunshine Policy " of engagement, a North–South summit took place in Pyongyang ,
2159-632: A population of approximately 3.6 million. The full metropolitan area, the Southeastern Maritime Industrial Region , has a population of approximately 8 million. The most densely built-up areas of the city are situated in a number of narrow valleys between the Nakdong and the Suyeong Rivers, with mountains separating most of the districts. The Nakdong River is Korea's longest river and Busan's Haeundae Beach
2286-706: A result of South Korea's proximity to China, which is a major air polluter. South Korea had a 2019 Forest Landscape Integrity Index mean score of 6.02/10, ranking it 87th globally out of 172 countries. South Korea is a member of the Antarctic-Environmental Protocol , Antarctic Treaty , Biodiversity Treaty , Kyoto Protocol (forming the Environmental Integrity Group (EIG), regarding UNFCCC , with Mexico and Switzerland), Desertification , Endangered Species , Environmental Modification , Hazardous Wastes , Law of
2413-549: A series of massive public demonstrations from November 2016, and she was removed from office. After the fallout of Park's impeachment and dismissal, elections were held and Moon Jae-in of the Democratic Party won the presidency, assuming office on May 10, 2017. His tenure saw an improving political relationship with North Korea, some increasing divergence in the military alliance with the United States, and
2540-526: A series of successful battles of attrition, the Japanese forces were eventually forced to withdraw, and relations between all parties became normalized. However, the Manchus took advantage of Joseon's war-weakened state and invaded in 1627 and 1637 and then went on to conquer the destabilized Ming dynasty. After normalizing relations with the new Qing dynasty , Joseon experienced a nearly 200-year period of peace. Kings Yeongjo and Jeongjo particularly led
2667-473: A significant boost for South Korea's global image and economy. South Korea was formally invited to become a member of the United Nations in 1991. The transition of Korea from autocracy to modern democracy was marked in 1997 by the election of Kim Dae-jung, who was sworn in as the eighth president of South Korea on February 25, 1998. His election was significant given that he had in earlier years been
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#17327914003232794-500: A southwestern region of mountains and valleys; and a southeastern region dominated by the broad basin of the Nakdong River . South Korea is home to three terrestrial ecoregions: Central Korean deciduous forests , Manchurian mixed forests , and Southern Korea evergreen forests . South Korea's terrain is mostly mountainous, most of which is not arable . Lowlands , located primarily in the west and southeast, make up only 30% of
2921-546: A thick forest of camellias and pine trees. Tourist attractions on Dongbaek Island include a walking path and the Nurimaru APEC House, built for the 2005 APEC summit. Huinnyeoul Culture Village was created when Korean War refugees flocked to this area. It provides an unhindered view of both the Busanhang and Namhang Ports. A major backdrop of the 2013 film The Attorney , the neighborhood was also featured in
3048-536: A whole, rather than just the South Korean state. The Korean Peninsula was inhabited as early as the Lower Paleolithic period. According to Korea's founding mythology , the history of Korea begins with the founding of Joseon (also known as " Gojoseon ", or "Old Joseon", to differentiate it with the 14th century dynasty) in 2333 BCE by the legendary Dangun . Gojoseon was noted in Chinese records in
3175-660: Is Beomeosa , the city's main Korean Buddhist temple. Yongdusan Park occupies 69,000 square meters/17 acres (7 ha) and is home to the Busan Tower , Yongdusan Art Gallery, and the Busan Aquarium , the largest aquarium in South Korea. The park supports approximately seventy different species of trees and is a tourist destination, with various cultural events throughout the year. Dongnae District
3302-572: Is Tsushima , Japan , with a distance of about 49.5 km (30.8 mi). The closest Japanese mainland area to Busan is Fukuoka , and the distance from Busan to Fukuoka is about 180 km (112 miles). Busan and Fukuoka are sister cities. Located on the southeasternmost tip of the Korean Peninsula , Busan has a cooler version of a humid subtropical climate , bordering on a subtropical monsoon climate influenced by East Asian monsoon ( Köppen : Cfa , bordering on Cwa ). Extremely high or low temperatures are rare. The highest temperature ever recorded
3429-530: Is 180,000 units of six different vehicle models. Over its lifetime TagAZ used three different brands: Under the brand Doninvest (licensed copies of Daewoo ) Vortex (rebadged Chery ) TagAZ TagAZ assembled the following foreign brands from knock-down kits: South Korea South Korea , officially the Republic of Korea ( ROK ), is a country in East Asia . It constitutes the southern half of
3556-467: Is 37.3 °C (99.1 °F) on 14 August 2016 while the lowest temperature ever recorded is −14.0 °C (6.8 °F) on 13 January 1915. May to July, late Springs and early Summers, are usually cooler than inland regions because of the ocean effect. Late Summer, and early Fall, August, and September, are generally hot and humid and the city may experience typhoons at that time and be generally rainy. On September 15, 1959, Super Typhoon Sarah passed by
3683-485: Is South Korea's largest industrial area. The large volumes of port traffic and urban population in excess of 1 million make Busan a Large-Port metropolis using the Southampton System of Port-City classification. As of 2019, Busan Port is the primary port in Korea and the world's sixth-largest container port . Busan is divided into 15 major administrative districts and a single county , together housing
3810-471: Is South Korea's second most populous city after Seoul , with a population of over 3.3 million inhabitants as of 2024. Formerly romanized as Pusan , it is the economic, cultural and educational center of southeastern South Korea, with its port being South Korea's busiest and the sixth-busiest in the world. The surrounding "Southeastern Maritime Industrial Region" (including Ulsan , South Gyeongsang , Daegu , and some of North Gyeongsang and South Jeolla )
3937-425: Is a comprehensive overhaul of South Korea's economy, utilizing nearly two percent of the national GDP. The greening initiative includes such efforts as a nationwide bike network, solar and wind energy, lowering oil dependent vehicles, backing daylight saving time and extensive usage of environmentally friendly technologies such as LEDs in electronics and lighting. The country—one of the world's most wired—plans to build
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4064-407: Is a wealthy and traditional residential area. Dongnae Oncheon is a natural spa area with many baths, tourist hotels, restaurants, clubs, and shopping areas. Many restaurants in the area use family recipes. Chungnyeolsa is a Confucian shrine for soldiers who died during the 16th-century battle against the Japanese at Dongnae Fortress. Taejongdae is a natural park with cliffs facing the open sea on
4191-494: Is affected by the East Asian monsoon , with precipitation heavier in summer during a short rainy season called jangma , which begins end of June and lasts through the end of July. In Seoul, the average January temperature range is −7 to 1 °C (19 to 34 °F), and the average August temperature range is 22 to 30 °C (72 to 86 °F). Winter temperatures are higher along the southern coast and considerably lower in
4318-526: Is also home to "Seomyeon Medical Street", the district encompassing the 1 km-radius range around Lotte Department Store in Seomyeon and the Buam subway station. The Street is home to a total of 160 cosmetic and other medical clinics, including those specializing in cosmetic surgery , dermatology, ophthalmology and dentistry. Directly adjacent to Seomyeon is Bujeon Market, the largest traditional market in
4445-639: Is also the country's largest. Busan is a center for international conventions, hosting an APEC summit in 2005. It is also a center for sports tournaments in Korea, having hosted the 2002 Asian Games and FIFA World Cup . It is home to the world's largest department store , the Shinsegae Centum City . Busan was added to the UNESCO Creative Cities Network as a "City of Film" in December 2014. The name "Busan"
4572-412: Is also the site of South Korea's highest point: Hallasan , an extinct volcano , reaches 1,950 meters (6,400 feet) above sea level . The easternmost islands of South Korea include Ulleungdo and Liancourt Rocks (Dokdo/Takeshima), while Marado and Socotra Rock are the southernmost islands of South Korea. South Korea tends to have a humid continental climate and a humid subtropical climate , and
4699-477: Is called the summer capital of Korea since it attracts tourists from all over the country to its six beaches. Luxury hotels and a carnival boardwalk line the beach at Haeundae . Gwangalli Beach has cafés, bars, and restaurants along the beach, and the Grand Gwangan Bridge. Other beaches include Dadaepo Beach on the west edge of the city and Songdo Beach , which is south-central. Haeundae Beach
4826-505: Is concentrated in the summer months of June through September. The southern coast is subject to late summer typhoons that bring strong winds, heavy rains and sometimes floods. The average annual precipitation varies from 1,370 millimeters (54 in) in Seoul to 1,470 millimeters (58 in) in Busan. During the first 20 years of South Korea's growth surge, little effort was made to preserve
4953-408: Is divided into 5 departments: The conveyor line is laid out vertically over four floors of the main plant building, with a network of elevators and lifts linking the different levels. Each level is equipped with a monorail as well as compact lifting and transporting equipment. All completed vehicles undergo a road test on a track made up of varied road surfaces. The current yearly production regime
5080-409: Is located between Haeundae Beach and Gwangalli Beach . The waterfront park, with an area of 33,507m², can accommodate as many as 40,000 visitors. The floor of the park is decorated with colorful blocks, and the park provides visitors a perfect chance to relax and features flower gardens, gazebos and benches. If you sit on the 3,040–wide stand, you can dip your feet in the water during high tide. With
5207-682: Is located somewhere in southern Siberia / Manchuria , such as the Liao River area or the Amur River area. Proto-Koreans arrived in the southern part of the Korean Peninsula at around 300 BC, replacing and assimilating Japonic-speakers and likely causing the Yayoi migration. During the Proto–Three Kingdoms period , the states of Buyeo , Okjeo , Dongye , and Samhan occupied the whole Korean peninsula and southern Manchuria. From them,
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5334-563: Is one of the most famous beaches in Korea. The 2009 film Tidal Wave (2009) is about a tsunami hitting Busan at this beach. Geumjeongsan to the west is a weekend hiking spot for Busan residents. To the north, the neighborhoods around Pusan National University (also known as PNU, which is one of the most highly recognized national institutes of higher education in Korea) have student theaters, cafés, bars, and restaurants, as well as open-air cultural street performances on weekend nights. Nearby
5461-654: Is the Revised Romanization of the city's Korean name since the late 15th century. It officially replaced the earlier McCune–Reischauer romanization Pusan in 2000. During the Japanese colonial period , the Japanese reading of the city's name was "Fuzan". The name 釜山 (now written 부산 using the Korean alphabet ) is Sino-Korean for "Cauldron Mountain", believed to be a former name of Mt Hwangnyeong ( Korean : 황령산 ; Hanja : 荒嶺山 ; RR : Hwangnyeongsan ) west of
5588-404: Is the world's ninth-largest exporter and ninth-largest importer . Its armed forces are ranked as one of the world's strongest militaries, with the world's second-largest standing army by military and paramilitary personnel . In the 21st century, South Korea has been renowned for its globally influential pop culture, particularly in music , TV dramas , and cinema , a phenomenon referred to as
5715-466: The 1987 constitution with a unicameral legislature, the National Assembly . It is considered a regional power and a developed country , with its economy ranked as the world's fourteenth-largest by nominal GDP and the fourteenth-largest by PPP-adjusted GDP . Its citizens enjoy one of the world's fastest Internet connection speeds and densest high-speed railway networks . The country
5842-530: The Fifth Republic led by Chun Doo-hwan , which violently seized power by two coups and brutally suppressed the Gwangju Uprising . The June Democratic Struggle of 1987 ended authoritarian rule , forming the current Sixth Republic. The country is now considered among the most advanced democracies in continental and East Asia. South Korea maintains a unitary presidential republic under
5969-676: The Gwangju Democratization Movement . Chun subsequently created the National Defense Emergency Policy Committee and took the presidency according to his political plan. Chun and his government held South Korea under a despotic rule until 1987, when a Seoul National University student, Park Jong-chul , was tortured to death. On June 10 , the Catholic Priests Association for Justice revealed
6096-675: The International Federation of Freight Forwarders Associations (FIATA) World Congress is scheduled to be hosted in Busan in 2020. (Busan New Port) The city is also known for its global MICE (Meetings, Incentives, Conferences, and Exhibitions) industry. The city's convention and exhibition zone have excellent conditions and infrastructure to host large-scale international events, which includes BEXCO in Centum City , Nurimaru APEC House, and hotels nearby natural environments. Major international conferences in Busan include
6223-565: The JAC Rein ) was added to the line-up. At one point, the company reached the capacity to simultaneously produce up to 20 different models at its facilities. TagAZ's owner was Russian entrepreneur M. Y. Paramonov, CEO of the financial-industrial Doninvest group. One-fifth of TagAZ shares were held by Sapor Invest Inc., Ikaria International Technologies Aktiengesellschaft, Pemberton Establishment, Asha Holding, and Dl Technologies GmbH. The TagAZ factory at Taganrog covers an area of 60,000 m and
6350-718: The Kishoreganj District and aimed to sell the first car assembled there by 2012. In October 2010, TagAZ started assembling the BYD F3 , Vortex Corda (a modified Chery Amulet), and Vortex Tingo (modified Chery Tiggo) models. In June 2011, the company began assembly from complete-knocked-down kits of the Tagaz C10 (a rebadged version of the JAC Tojoy ). In October 2011, the Tagaz C190 (a rebadged version of
6477-559: The Korea Strait and the East China Sea . The country, including all its islands, lies between latitudes 33° and 39°N , and longitudes 124° and 130°E . Its total area is 100,410 square kilometers (38,768.52 sq mi). South Korea can be divided into four general regions: an eastern region of high mountain ranges and narrow coastal plains; a western region of broad coastal plains, river basins , and rolling hills;
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#17327914003236604-516: The Korean Peninsula and borders North Korea along the Korean Demilitarized Zone ; though it also claims the land border with China and Russia . The country's western border is formed by the Yellow Sea , while its eastern border is defined by the Sea of Japan . South Korea claims to be the sole legitimate government of the entire peninsula and adjacent islands . It has a population of 51.96 million, of which half live in
6731-692: The Korean War , the Cold War 's first major conflict, which continued until 1953. At the time, the Soviet Union had boycotted the UN, thus forfeiting their veto rights . This allowed the UN to intervene in a civil war when it became apparent that the superior North Korean forces would unify the entire country. The Soviet Union and China backed North Korea, with the later participation of millions of Chinese troops . After an ebb and flow that saw both sides facing defeat with massive losses among Korean civilians in both
6858-807: The Korean Wave . It is a member of the OECD 's Development Assistance Committee , the G20 , the IPEF , and the Paris Club . The name Korea is an exonym , although it was derived from a historical kingdom name, Goryeo ( Revised Romanization ) or Koryŏ ( McCune–Reischauer ). Goryeo was the shortened name officially adopted by Goguryeo in the 5th century and the name of its 10th-century successor state Goryeo. Visiting Arab and Persian merchants pronounced its name as "Korea". The modern name of Korea appears in
6985-488: The Later Three Kingdoms period in the late 9th century. Buddhism flourished during this time. Many Korean Buddhists gained great fame among Chinese Buddhist circles and greatly contributed to Chinese Buddhism . Examples of significant Korean Buddhists from this period include Woncheuk , Wonhyo , Uisang , Musang , and Kim Gyo-gak . Kim was a Silla prince whose influence made Mount Jiuhua one of
7112-622: The Mongol invasions in the 13th century greatly weakened the kingdom. Goryeo was never conquered by the Mongols, but exhausted after three decades of fighting, the Korean court sent its crown prince to the Yuan capital to swear allegiance to Kublai Khan , who accepted and married one of his daughters to the Korean crown prince. Henceforth, Goryeo continued to rule Korea, though as a tributary ally to
7239-1075: The North Sea . Moreover, the city is a center of marine science and R&D, and home to a number of relevant institutions, such as the Korea Maritime Institute (KMI), the Korea Institute of Ocean Science and Technology (KIOST), the National Fishery Products Quality Management Service, the Korea Hydrographic and Oceanographic Agency (KHOA), and the Korea National Maritime Museum, located in Dongsam Innovation Complex in Yeongdo District. Moreover,
7366-416: The People's Volunteer Army from China with Soviet assistance . The war left 3 million Koreans dead and the economy in ruins . The authoritarian First Republic of Korea led by Syngman Rhee was overthrown in the April Revolution of 1960. However, the Second Republic failed to control the revolutionary fervor. The May 16 coup of 1961 led by Park Chung Hee put an end to the Second Republic, signaling
7493-415: The Seoul Capital Area , the ninth most populous metropolitan area in the world . Other major cities include Busan , Daegu , and Incheon . The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Its first kingdom was noted in Chinese records in the early 7th century BCE. After the unification of the Three Kingdoms of Korea into Silla and Balhae in the late 7th century, Korea
7620-427: The Seoul subway system , and laid the foundation for economic development during his 17-year tenure, which ended with his assassination in 1979. The years after Park's assassination were marked again by political turmoil, as the previously suppressed opposition leaders all campaigned to run for president in the sudden political void. In 1979, General Chun Doo-hwan led the coup d'état of December Twelfth . Following
7747-402: The Three Kingdoms of Korea emerged: Goguryeo , Baekje , and Silla . Goguryeo, the largest and most powerful among them, was a highly militaristic state and competed with various Chinese dynasties during its 700 years of history. Goguryeo experienced a golden age under Gwanggaeto the Great and his son Jangsu , who both subdued Baekje and Silla during their respective reigns, achieving
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#17327914003237874-401: The United States . After negotiations on reunification failed, the southern zone became the Republic of Korea in August 1948, while the northern zone became the communist Democratic People's Republic of Korea the following month. In 1950, a North Korean invasion began the Korean War , which ended in 1953 after extensive fighting involving the American-led United Nations Command and
8001-427: The transfer station between Busan Subway Line 1 and Line 2 . Seomyeon subway station is also home to a large number of underground stores, selling a variety of products, predominantly clothing, and footwear. These are small stores selling locally produced products. The local head offices of Korean and international banks are located in Seomyeon. It is recognized as the ascendant shopping and entertainment district. It
8128-415: The 1592–1598 Japanese invasions of Korea , various fortresses in the area defended Busan against the invasion. Fortresses included Busanjinseong , Dadaeposeong [ ko ] , and Dongnaeeupseong. Civilians formed righteous armies (volunteer militias) and joined in the fight. After the siege and capture of Busanjin in 1592, most of Busanjin's Korean prisoners and civilians were massacred. After
8255-772: The 2005 APEC Economic Leaders' Meeting , ASEAN–Republic of Korea Commemorative Summit 2014, and 2018 African Development Bank Group Annual Meetings. (BEXCO) Busan is also a center of finance. Korea Exchange (KRX), Korea's sole securities exchange operator, is headquartered in Busan. The city is home to a number of financial institutions, such as the Korea Technology Finance Corporation, Korea Asset Management Corporation, Korea Housing-Finance Corporation, Korea Housing & Urban Guarantee Corporation, Korea Securities Depository, Korea Maritime Guarantee Insurance, Maritime Finance Center, The Korea Shipping and Maritime Transportation Co., Ltd, Korea Asset Management Corporation, and BNK Financial Group. Commercial areas are dispersed throughout
8382-452: The 2012 film Nameless Gangster: Rules of the Time . The small houses that stand shoulder to shoulder form the signature look of Busan, which is often remembered as a city of the sea and hilly neighborhoods. The village continues to attract an increasing number of visitors with its new cafes, workshops, and guesthouses. Millak Waterfront Park is the first waterfront park in Korea, combines the oceanfront with public leisure facilities. The park
8509-420: The 8th and 9th centuries dominated the seas of East Asia and the trade between China, Korea, and Japan, most notably during the time of Jang Bogo . In addition, Silla people made overseas communities in China on the Shandong Peninsula and the mouth of the Yangtze River. However, Silla was later weakened due to internal strife and the revival of successor states Baekje and Goguryeo , which culminated into
8636-451: The Four Sacred Mountains of Chinese Buddhism. In 936, the Later Three Kingdoms were united by Wang Geon , who established Goryeo as the successor state of Goguryeo. Balhae had fallen to the Khitan Empire in 926, and a decade later the last crown prince of Balhae fled south to Goryeo, where he was warmly welcomed and included in the ruling family by Wang Geon, thus unifying the two successor nations of Goguryeo. Like Silla, Goryeo
8763-493: The Mongols for the next 86 years. During this period, the two nations became intertwined as all subsequent Korean kings married Mongol princesses, and the last empress of the Yuan dynasty was a Korean princess. In the mid-14th century, Goryeo drove out the Mongols to regain its northern territories, briefly conquered Liaoyang , and defeated invasions by the Red Turbans . However, in 1392, General Yi Seong-gye , who had been ordered to attack China, turned his army around and staged
8890-445: The North Port, and 23 berths at the Busan New Port (including 2 multi-purpose berths). The port is part of the 21st Century Maritime Silk Road that runs from the Chinese coast to Singapore , towards the southern tip of India to Mombasa , from there through the Red Sea via the Suez Canal to the Mediterranean , there to the Upper Adriatic region to the northern Italian hub of Trieste with its connections to Central Europe and
9017-424: The Russian Far East and was called the "Prosperous Country in the East". Late Silla was a wealthy country, and its metropolitan capital of Gyeongju grew to become the fourth largest city in the world. It experienced a golden age of art and culture, exemplified by monuments such as Hwangnyongsa , Seokguram , and the Emille Bell . It also carried on the maritime legacy and prowess of Baekje, and during
9144-662: The Sea , Marine Dumping , Comprehensive Nuclear-Test-Ban Treaty (not into force), Ozone Layer Protection , Ship Pollution , Tropical Timber 83 , Tropical Timber 94 , Wetlands , and Whaling . The South Korean government's structure is determined by the Constitution of the Republic of Korea . Like many democratic states, South Korea has a government divided into three branches: executive , judicial , and legislative . The executive and legislative branches operate primarily at
9271-446: The South Korean public. South Korea saw another milestone in 2012 with the first ever female President Park Geun-hye elected and assuming office. The daughter of former President Park Chung Hee, she carried on a conservative brand of politics. President Park Geun-hye's administration was formally accused of corruption, bribery, and influence-peddling for the involvement of close friend Choi Soon-sil in state affairs. There followed
9398-709: The United States led to the division of Korea into two political entities in 1948: North Korea and South Korea. In the South, the United States appointed and supported the former head of the Korean Provisional Government Syngman Rhee as leader. Rhee won the first presidential elections of the newly declared Republic of Korea in May 1948. In the North, the Soviets backed a former anti-Japanese guerrilla and communist activist, Kim Il Sung , who
9525-867: The United States. This is exemplified by the Joseon–United States Treaty of 1882 , in which it was compelled to open its borders. In the late 19th century, Japan became a significant regional power after winning the First Sino-Japanese War against Qing China and the Russo-Japanese War against the Russian Empire . In 1897, King Gojong, the last king of Korea , proclaimed Joseon as the Korean Empire . However, Japan compelled Korea to become its protectorate in 1905 and formally annexed it in 1910. What followed
9652-462: The Vietnam War. Park was heavily criticized as a ruthless military dictator, who in 1972 extended his rule by creating a new constitution , which gave the president sweeping (almost dictatorial) powers and permitted him to run for an unlimited number of six-year terms. The Korean economy developed significantly during Park's tenure. The government developed the nationwide expressway system ,
9779-495: The ancient kingdom of Gojoseon (2333 BCE). In 1897, the Joseon dynasty changed the country's official name from Joseon to Daehan Jeguk ( Korean Empire ). The name Daehan (Great Han) derives from Samhan (Three Han), referring to the Three Kingdoms of Korea , not the ancient confederacies in the southern Korean Peninsula. However, the name Joseon was still widely used by Koreans to refer to their country, though it
9906-524: The capital of North Korea. Later that year, Kim received the Nobel Peace Prize "for his work for democracy and human rights in South Korea and in East Asia in general, and for peace and reconciliation with North Korea in particular". However, because of discontent among the population for fruitless approaches to the North under the previous administrations and, amid North Korean provocations,
10033-600: The city center. The area's ancient state Mt Geochil ( 거칠산국 ; 居柒山國 ; Geochilsan-guk , "Rough-Mountain Land") is similarly thought to refer to the same mountain, which towers over the town's harbor on the Suyeong. (The later Silla district of Geochilsan-gun was renamed Dongnae in 757.) The area that Busan now occupies was inhabited during the Neolithic period. Artifacts dating to this period discovered near
10160-531: The city near busy intersections and adjacent to university campuses, but the two largest central business districts in Busan are Seomyeon and Gwangbok-dong/Nampo-dong. There are also four substantial shopping areas of note: Seomyeon, Gwangbok-dong, Busan Daehak-ga in Jangjeon-dong, and Centum City in Haeundae District. Seomyeon Station is one of the busiest subway stations in Korea; it is
10287-716: The city, such as Homeplus , e-mart , and Costco . Busan's major hotels include The Westin Chosun Busan, Paradise Busan, and Park Hyatt Busan. In 2017, Ananti Hilton Busan opened in the Gijang-eup district. Primary and secondary schools: Busan not only features a variety of antique and souvenir shops, but also unique restaurants, attractions and accommodations. Nampo-dong is a central shopping and café district. The area around Pukyong National University and Kyungsung University also has many cafés, bars, and restaurants attracting college students and youth. Busan
10414-399: The city. The Gwangbok-dong, Nampo-dong , and Jungang-dong areas form the old central business district. Some of the restaurants in this district use family recipes passed down through the generations. Jagalchi Market , a large seafood market, is located in this area. The Gukje Market is also nearby. Jungang-dong is the home of many international law offices, the old Immigration Office, and
10541-462: The coast of the city and caused catastrophic damage. An unusually severe storm on September 12, 2003, Typhoon Maemi , also caused damage to ships and buildings and resulted in over 48 fatalities. Typhoon Hinnamnor on September 6, 2022, caused destruction in Busan as a category 2, producing high waves, destructive winds, and flooding. Busan is the most prone city in South Korea to typhoons and other natural disasters. October and November are generally
10668-501: The coasts include stone tools, pottery, sea shells, and animal bones. Fishing was a primary food source for people of this period. Bronze Age artifacts have been uncovered further inland. By this period, agriculture was practiced. Around the first century, a chiefdom called Koch'ilsan-guk ( 거칠산국 ; 居漆山國 ) existed around what is now Dongnae District . At some point, it was absorbed by Silla and made an administrative division called Koch'ilsan-gun ( 거칠산군 ; 居漆山郡 ). In 757, it
10795-453: The coexistence of the spellings Corea and Korea in 19th-century publications, some Koreans believe that Imperial Japan , around the time of the Japanese occupation, intentionally standardized the spelling of Korea , making Japan appear first alphabetically. After Goryeo was replaced by Joseon in 1392, Joseon became the official name for the entire territory, though it was not universally accepted. The new official name has its origin in
10922-855: The company assembled the Citroën Berlingo Mk I model under the name Orion M. In 2001, it started producing the Hyundai Accent (LC), followed in 2004 by the Hyundai Sonata (EF), in 2008 by the Hyundai Elantra (XD), and in 2005 by the Hyundai Porter (third generation) light truck. In 2008, it started production of the Hyundai Santa Fe (SM). In the spring of 2012, production of the Hyundai models
11049-589: The coup d'état, Chun planned to rise to power through several measures. On May 17, Chun forced the Cabinet to expand martial law to the whole nation, which had previously not applied to Jeju Island . The expanded martial law closed universities, banned political activities, and further curtailed the press. Chun's assumption of the presidency through the events of May 17 triggered nationwide protests demanding democracy; these protests were particularly focused, Gwangju , to which Chun sent special forces to violently suppress
11176-484: The early 7th century. Gojoseon expanded until it controlled the northern Korean Peninsula and parts of Manchuria . Gija Joseon was purportedly founded in the 12th century BCE, but its existence and role have been controversial in the modern era. In 108 BCE, the Han dynasty defeated Wiman Joseon and installed four commanderies in the northern Korean peninsula. Three of the commanderies fell or retreated westward within
11303-475: The environment. Unchecked industrialization and urban development have resulted in deforestation and the ongoing destruction of wetlands such as the Songdo Tidal Flat. However, there have been recent efforts to balance these problems, including a government run $ 84 billion five-year green growth project that aims to boost energy efficiency and green technology. The green-based economic strategy
11430-490: The exception of the short-lived Second Republic of Korea , the country has always had a presidential system with an independent chief executive. Under its current constitution the state is sometimes referred to as the Sixth Republic of Korea . The first direct election was also held in 1948. Busan Busan ( Korean : 부산 , pronounced [pusan] ), officially Busan Metropolitan City ,
11557-519: The few areas in Korea that remained under the control of South Korea throughout the Korean War , for some time it served as a de facto capital of South Korea. UN troops established a defensive perimeter around the city known as the Pusan Perimeter in the summer and fall of 1950. Since then, the city has been a self-governing metropolis and has built a strong urban character. In 1963, Busan separated from South Gyeongsang Province to become
11684-420: The first Directly Governed City [ ko ] of South Korea. In 1983, the provincial capital of Gyeongsangnam-do was moved from Busan to Changwon . Busan is located on the southeastern tip of the Korean Peninsula . It is located on the coast, which determined the development of the whole city itself. The distance from Busan to Seoul is about 314 km (195 mi). Busan borders low mountains on
11811-526: The first Portuguese maps of 1568 by João vaz Dourado as Conrai and later in the late 16th century and early 17th century as Corea (Korea) in the maps of Teixeira Albernaz of 1630. The Kingdom of Goryeo became first known to Westerners when Afonso de Albuquerque conquered Malacca in 1511 and described the peoples who traded with this part of the world known by the Portuguese as the Gores . Despite
11938-526: The first place in Korea to have sweet potatoes , which arrived from Tsushima Island in Japan. In 1759, the population was reportedly 25,753 people in 6,657 households. In 1876, Busan became the first international port in Korea under the terms of the Treaty of Ganghwa . In 1877, a concession was established in Busan, and consulates of Japan, Qing , and the United Kingdom were established. In 1883,
12065-495: The fortress Dongnaeeupseong was established in the area. In 1423, the port of Busan ( 부산포 ) and a waegwan (Japanese concession community) were established. During the reign of King Sejong the Great (r. 1418–1450), the population in Dongnae-hyeon was reportedly 2,416 people in 290 households. In Dongpyeong-hyeon, it was 627 people in 108 households. The waegwan was closed in 1510, but reopened in 1512. During
12192-720: The incident, igniting the June Democratic Struggle across the country. Eventually, Chun's party, the Democratic Justice Party , and its leader, Roh Tae-woo , announced the June 29 Declaration , which included the direct election of the president. Roh went on to win the election by a narrow margin against the two main opposition leaders, Kim Dae-jung and Kim Young-sam . Seoul hosted the Olympic Games in 1988 , widely regarded as successful and
12319-604: The international ferry terminal serving Japanese routes. Lotte World II is currently under construction along the water between Jungang-dong 7-Ga and 8-Ga. Centum City , an industrial complex, contains luxury department stores. Busan has many major department stores, including Lotte Department Store (located in Seomyeon, Centum City, Gwangbok-dong and Dongnae), Lotte Premium Outlet (in Gimhae and Gijang), Shinsegae Premium Outlet (in Gijang), as well as large supermarket chains across
12446-529: The island of Yeongdo . The area known as the "Foreigners' Shopping Street", but commonly referred to as "Texas Street" near part of the Port of Busan, and adjacent to the front entrance to the Busan Train Station ( 부산역 ) has many businesses that cater to the local Russian population, as well as the crews of foreign ships. The area was originally the location of the local Chinatown and still contains
12573-447: The maritime city recorded a GRDP of US$ 758.4 billion with a per capita GRDP of US$ 22,000. The city's economy is made up of the service industry (70.3%), manufacturing (19.8%), construction (5.9%), agriculture & fisheries (0.8%), and other sectors (3.2%). As the 6th largest port in the world, the port of Busan processed 21.81 million TEU of container cargo volume in 2020. The port's container terminal has 43 berths - 20 berths at
12700-415: The most comfortable, with clear skies and pleasant temperatures. Winters are cool and comparatively dry with high winds, but much milder than other parts of Korea, except Jeju Province and several islands off the southern coast. Busan and the nearby area have the least snow compared to other regions of Korea due to its location. Snow falls on an average of only about 4 days per year. In 1957, Busan adopted
12827-415: The mountainous interior. Summer can be uncomfortably hot and humid, with temperatures exceeding 30 °C (86 °F) in most parts of the country. South Korea has four distinct seasons; spring, summer, autumn and winter. Spring usually lasts from late March to early May, summer from mid-May to early September, autumn from mid-September to early November, and winter from mid-November to mid-March. Rainfall
12954-478: The national level, although various ministries in the executive branch also carry out local functions. The judicial branch operates at both the national and local levels. Local governments are semi-autonomous and contain executive and legislative bodies of their own. South Korea is a constitutional democracy. The constitution has been revised several times since its first promulgation in 1948 at independence. However, it has retained many broad characteristics and with
13081-470: The north and the south, the war eventually reached a stalemate. During the war, Rhee's party promoted the One-People Principle , an effort to build an obedient citizenry through ethnic homogeneity and authoritarian appeals to nationalism . The 1953 armistice , never signed by South Korea, split the peninsula along the demilitarized zone near the original demarcation line. No peace treaty
13208-564: The north and west, and the seas on the south and east. The Nakdong River Delta is located on the west side of the city, and Geumjeongsan , the highest mountain in the city, is on the north. The Nakdong River , South Korea's longest river, flows through the west and empties into the Korea Strait . The southeastern region, called Yeongnam in Korea, encompasses both Gyeongsang Provinces and 3 metropolitan cities of Busan, Daegu and Ulsan . Ulsan lies northeast of Busan. The combined population exceeds 13 million. The closest overseas area to Busan
13335-466: The port was opened, and a Busan Customs Office ( 부산해관 ; 釜山海關 ) was established. In 1895, Dongnae-bu was made part of South Gyeongsang Province . It was demoted to a gun in 1903, and made a bu again in 1906. After the beginning of the 1910–1945 Japanese colonial period , in 1914 it was made a gun again. In 1908, Busan was connected to the Gyeongbu Line via Busan station . In 1909,
13462-470: The resignation of the autocratic President Syngman Rhee. This was followed by 13 months of political instability as South Korea was led by a weak and ineffectual government. This instability was broken by the May 16, 1961, coup led by General Park Chung Hee . As president, Park oversaw a period of rapid export-led economic growth enforced by political repression . Under Park, South Korea took an active role in
13589-814: The rest of the park underwent a restoration of its wetlands and natural grassland. In the garden inside the park, you can find a large-scale habitat for prickly water lilies, which are part of the Endangered Species Level II classification. Many interesting festivals, such as the Nakdong Riverside Cherry Blossom Festival, the Busan Nakdong River Canola Flower Festival, and the Daejeo Tomato Festival are held around this park every year. Ilgwang Beach
13716-581: The start of the Third Republic in 1963. South Korea's devastated economy began to soar under Park's leadership, recording one of the fastest rises in average GDP per capita . Despite lacking natural resources, the nation rapidly developed to become one of the Four Asian Tigers based on international trade and economic globalization , integrating itself within the world economy with export-oriented industrialization . The Fourth Republic
13843-583: The successful hosting of the Winter Olympics in Pyeongchang . In April 2018, Park Geun-hye was sentenced to 24 years in jail because of abuse of power and corruption. The COVID-19 pandemic has affected the nation since 2020. That same year, South Korea recorded more deaths than births, resulting in a population decline for the first time on record. In March 2022, Yoon Suk Yeol , the candidate of conservative opposition People Power Party , won
13970-568: The time was Neo-Confucianism , which was epitomized by the seonbi class: nobles who passed up positions of wealth and power to lead lives of study and integrity. Between 1592 and 1598, Japan under Toyotomi Hideyoshi launched invasions of Korea , but the advance was halted by Korean forces (most notably the Joseon Navy led by Admiral Yi Sun-sin and his renowned " turtle ship ") with assistance from righteous army militias formed by Korean civilians, and Ming dynasty Chinese troops. Through
14097-529: The total land area. South Korea has 20 national parks and popular nature places like the Boseong Tea Fields, Suncheon Bay Ecological Park , and Jirisan . About 3,000 islands, mostly small and uninhabited, lie off the western and southern coasts of South Korea. Jeju Province is about 100 kilometers (62 miles) off the southern coast of South Korea. It is the country's largest island, with an area of 1,845 square kilometers (712 square miles). Jeju
14224-519: The unification of the Three Kingdoms by Silla led to the Northern and Southern States period , in which Balhae controlled the northern parts of Goguryeo, and much of the Korean Peninsula was controlled by Later Silla . Relationships between Korea and China remained relatively peaceful during this time. Balhae was founded by a Goguryeo general and formed as a successor state to Goguryeo. During its height, Balhae controlled most of Manchuria and parts of
14351-471: The village received a special mention during the 3rd edition of the international award ceremony, "UCLG-MEXICO CITY-Culture 21". Busan Citizens Park (formerly Camp Hialeah) is a former Imperial Japanese Army base and United States Army camp located in the Busanjin District. Dongbaekseom is located at the southern end of Haeundae Beach . The island creates a picturesque scene in harmony with
14478-510: The war, diplomatic relations with the new shogunate in Japan were established in 1607, and Busan was permitted to be reconstructed. In 1605, the shrine Songgongsa was built to honor those who died defending Korea during the invasions. The shrine was dubbed Chungnyeolsa in 1624. In 1607, a waegwan was reestablished in Dumopo ( 두모포 ; 豆毛浦 ); in 1678 it was moved to Choryang ( 초량 ; 草梁 ; now around Yongdusan ). In 1763, Busan became
14605-744: Was a highly cultural state, and invented the metal movable type printing press . After defeating the Khitan Empire, which was the most powerful empire of its time, in the Goryeo–Khitan War , Goryeo experienced a golden age that lasted a century, during which the Tripitaka Koreana was completed and significant developments in printing and publishing occurred. This promoted education and the dispersion of knowledge on philosophy, literature, religion, and science. By 1100, there were 12 universities that produced notable scholars. However,
14732-557: Was a period of forced assimilation, in which Korean language, culture, and history were suppressed. This led to the March First Movement protests in 1919 and the subsequent foundation of resistance groups in exile, primarily in China. Among the resistance groups was Provisional Government of the Republic of Korea . Towards the end of World War II , the U.S. proposed dividing the Korean peninsula into two occupation zones:
14859-636: Was appointed premier of the Democratic People's Republic of Korea in September. In October, the Soviet Union declared Kim Il Sung's government as sovereign over both the north and south. The UN declared Rhee's government as "a lawful government having effective control and jurisdiction over that part of Korea where the UN Temporary Commission on Korea was able to observe and consult" and the government "based on elections which
14986-538: Was established after the October Restoration of 1972, in which Park wielded absolute power. The Yushin Constitution declared that the president could suspend basic human rights and appoint a third of the parliament. Suppression of the opposition and human rights abuse by the government became more severe in this period. Even after Park's assassination in 1979, the authoritarian rule continued in
15113-602: Was ever signed, resulting in the two countries remaining technically at war. Approximately 3 million people died in the Korean War, with a higher proportional civilian death toll than World War II or the Vietnam War , making it one of the deadliest conflicts of the Cold War era. In addition, virtually all of Korea's major cities were destroyed by the war. In 1960, a student uprising (the " April Revolution ") led to
15240-484: Was instrumental in the dissemination of Buddhism throughout East Asia and spreading continental culture to Japan. Baekje was once a great military power on the Korean Peninsula, especially during the time of Geunchogo , but was critically defeated by Gwanggaeto the Great and declined. Silla was the smallest and weakest of the three, but used opportunistic pacts and alliances with the more powerful Korean kingdoms, and eventually Tang China , to its advantage. In 676,
15367-464: Was introduced in 1924. During the Korean War , Busan was one of only two cities in South Korea not captured by the North Korean army within the first three months of the war, the other being Daegu . As a result, the cities became refugee camp sites for Koreans during the war. According to The Korea Times , around 500,000 refugees were located in Busan in early 1951. As Busan was one of
15494-435: Was no longer the official name. Under Japanese rule , the two names Han and Joseon coexisted. Following the surrender of Japan , in 1945, the "Republic of Korea" was adopted as the legal English name for the new country. However, it is not a direct translation of the Korean name. As a result, the Korean name "Daehan Minguk" is sometimes used by South Koreans as a metonym to refer to the Korean ethnicity (or " race ") as
15621-481: Was observed by the Temporary Commission" in addition to a statement that "this is the only such government in Korea." Both leaders engaged in authoritarian repression of political opponents. South Korea requested military support from the United States but was denied, and North Korea's military was heavily reinforced by the Soviet Union. On June 25, 1950, North Korea invaded South Korea, sparking
15748-659: Was over. In 2008, it began assembly from semi-knocked-down kits of the Vortex Estina (a rebadged Chery A5). In 2010, TagAZ announced the construction of a third automotive manufacturing plant in Bangladesh , with an initial $ 2 billion investment. According to TagAZ officials, the decision to build cars in Bangladesh was made because of its low labour costs and the export advantages it enjoys with neighbouring countries and Europe. TagAZ had already purchased land in
15875-590: Was renamed Dongnae-gun ( 동래군 ). In 835, the Buddhist temple Beomeosa was founded in the area. In the Goryeo period (918–1392), the local Dongnae Jeong clan [ ko ] became a prominent presence in Korean politics. By this point, Dongnae's hot springs became famous, and have been attested to in writings of this period. By the end of the period, raids from wokou (Japanese pirates) intensified. One such invasion occurred in 1396. To defend against this,
16002-574: Was ruled by the Goryeo dynasty (918–1392) and the Joseon dynasty (1392–1897). The succeeding Korean Empire (1897–1910) was annexed in 1910 into the Empire of Japan . Japanese rule ended following Japan's surrender in World War II , after which Korea was divided into two zones : a northern zone , which was occupied by the Soviet Union , and a southern zone , which was occupied by
16129-493: Was sunk killing 46 South Korean sailors, allegedly by a North Korean submarine. In November 2010 Yeonpyeongdo was attacked by a significant North Korean artillery barrage, with 4 people dying. The lack of a strong response to these attacks from both South Korea and the international community (the official UN report declined to explicitly name North Korea as the perpetrator for the Cheonan sinking) caused significant anger with
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