"Miracle on the Han River" refers to South Korea's rapid economic growth from the 1960s to the 1990s. This transformation turned the country from a war-torn nation into one of the world's leading economies. Key factors included government policies, industrialization, and foreign aid, particularly from the United States. The term is named after the Han River, which flows through Seoul. Major industries, such as electronics and automobiles, emerged during this period, with companies like Samsung and Hyundai playing significant roles. This economic success improved living standards and established South Korea as a global player in various sectors.