I already posted this in Vietnam forum but here goes again because some people don't have a clue.
According to this link
http://en.wikipedia.org/wiki/Developed_cou...ed_economy_listHuman Development Index
Asian Countries with an HDI at or above 0.900: Japan 0.960, Singapore 0.944, Hong Kong 0.944, South Korea 0.937
IMF Advanced Economy List
Includes the following Asian countries: Hong Kong, Japan, Singapore, South Korea, Taiwan
High-income OECD members
Includes the following Asian countries: Japan, South Korea
World Bank high-income economies
Includes the following Asian countries: Brunei, Hong Kong, Japan, South Korea, Singapore, Taiwan
Quality-of-life survey
Asian Countries in top 30: Singapore #11, Japan #17, Hong Kong #18, Taiwan #21, South Korea #30
The only Asian Countries that qualify for top in all of these categories (High-income OECD members, International Monetary Fund, Advanced economies, Human Development Index at or above 0.9, CIA's The World Factbook, Advanced economies, World Bank, High-income economies, Quality-of-life index Top 30 countries) are Japan and South Korea.
From this link you can see that South Korea is one of the few First World Asian countries.
http://en.wikipedia.org/wiki/First_WorldThere really is no debate on the subject of South Korea not being Third World country. Korea is one of the top Asian countries.