The name Korea is derived from Goguryeo, which was one of the great powers in East Asia during its time,[11][12][13][14] ruling most of the Korean Peninsula, Manchuria, parts of the Russian Far East[15] and Inner Mongolia[16] under Gwanggaeto the Great.[17] Its capital, Seoul, is a major global city[18] and half of South Korea's over 51 million people live in the Seoul Capital Area, the fourth largest metropolitan economy in the world.

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