This is the 18754th most frequent Korean word.
신흥국이다
"신흥국이다" means "to be an emerging country."
Here, 신흥국이다 is used to categorically describe the country as being an emerging economy.
이 나라는 신흥국이다.
This country is an emerging nation.
In this usage, 신흥국이다 metaphorically refers to the company as a growing or emerging organization.
그 회사는 신흥국이다.
That company is an emerging entity.
Here, 신흥국이다 is quoted as used by an individual to describe the city with characteristics likened to an emerging nation.