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Topic: Economy of South Korea


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 South Korea   (Site not responding. Last check: 2007-10-10)
Korea forms a peninsula that extends some 1 100 km the Asian mainland flanked by the Yellow Sea the west and the East See(Sea of to the east and terminated by the Strait and the East China Sea to south.
South Korea's capital and largest is Seoul in the northwest other major cities nearby Incheon central Daejeon Gwangju in the southwest and Daegu and Busan in the southeast.
Korea's population is one of the most and linguistically homogenous in the world with only minority being a small Chinese community.
www.freeglossary.com /South_Korea   (1786 words)

  
 South Korea - Wikipedia, the free encyclopedia
South Korea is a liberal democracy based on a presidential republican system with powers shared between the president, legislature, and judiciary.
South Korea's land is mountainous, and most of it is not arable.
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; a southwestern region of mountains and valleys and a southeastern region dominated by the broad basin of the Nakdong River.
en.wikipedia.org /wiki/South_Korea   (4393 words)

  
 South Korea Economy
South Korea is now the United States’ seventh-largest trading partner and is the 11th-largest economy in the world.
Economists are particularly concerned that South Korea’s economic growth potential has fallen, due to structural problems that are becoming increasingly apparent, along with a rapidly aging population.
Foremost among these structural concerns is the rigidity of South Korea’s labor regulations and the need for more constructive relations between management and workers; the country’s underdeveloped financial markets and a general lack of regulatory transparency are also key concerns.
www.traveldocs.com /kr/economy.htm   (735 words)

  
 Asia Times - News and analysis from Korea; North and South
Chinese economic officials have indicated they are very concerned with the negative consequences of an overheated economy and, it seems, the political fallout of a feared economic bubble-burst in the world's most populous country, increasingly fissured as it is between the "gold coast" haves and the "hinterland" have-nots.
But while South Korea's exports seem set to remain strong for the foreseeable future, the direct benefits to the Korean economy from these exports are far less than they used to be.
South Korea grew from the ashes of the Korean War 50 years ago to become the 11th-largest trading nation on the back of strong exports and a closed domestic economy.
www.atimes.com /atimes/Korea/FG20Dg04.html   (1087 words)

  
 THE ECONOMY OF SOUTH KOREA
South Korea in recent past decades was one of the most dynamic economies in the world.
From 1945 to 1949 South Korea was under the control of the American Military Government.
During the period from the end of the Korean War to the early 1960's South Korea pursued a policy of import substitution for economic development.
www.sjsu.edu /faculty/watkins/korea.htm   (527 words)

  
 South Korea (09/06)
Korea’s population is one of the most ethnically and linguistically homogenous in the world.
Korea has experienced one of the largest rates of emigration, with ethnic Koreans residing primarily in China (1.9 million), the United States (1.52 million), Japan (681,000), and the countries of the former Soviet Union (450,000).
The Republic of Korea (commonly known as "South Korea") is a republic with powers nominally shared among the presidency, the legislature, and the judiciary, but traditionally dominated by the president.
www.state.gov /r/pa/ei/bgn/2800.htm   (4056 words)

  
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First, Korea has been registering solid economic growth since the 1997-98 crisis and we expect it to be the strongest growth engine in Asia (ex-China) in 2002.
Also, the South Korean sovereign's net external debt has fallen of late as foreign-exchange reserves have risen dramatically and political progress is made on the reform agenda.
South Korea's position as the world's largest manufacturer of computer memory chips, a staple component for computer systems, made the country's exports particularly sensitive to the slowdown in sales of personal computers in 2001.
www.chez.com /lakleydor/south_korea_economy_15jun2.htm   (1045 words)

  
 Economy - South Korea - Asia   (Site not responding. Last check: 2007-10-10)
South Korea’s economy, traditionally based on agriculture, has undergone extraordinarily rapid industrialization since the early 1960s.
Subsequently, in the span of a generation, South Korea grew from one of the world’s poorest countries to one of its most promising industrial powers.
Nevertheless, South Korea was one of many Asian countries that suffered economic decline during a regional economic crisis in 1997 and 1998.
www.countriesquest.com /asia/south_korea/economy.htm   (214 words)

  
 Korea: Economy
The fishing waters off Korea are among the best in the world; the long coastline and numerous islands, inlets, and reefs provide excellent fishing grounds, and the presence of both a warm and a cold current attracts a great variety of species.
The Korean economy was shattered by the war of 1950 to 1953.
Korea Marches Out of Sync; The gap between consumption and export growth is at its widest level since the crisis, rendering the economy......
www.infoplease.com /ce6/world/A0859139.html   (958 words)

  
 CNN.com - IMF: S. Korea on road to recovery - Nov. 18, 2003
South Korea's economic outlook is brighter as exports lead a recovery.
South Korea was one of the world's fastest-growing advanced economies last year, posting a 6.0 percent GDP rate.
Global bank HSBC earlier this month lifted its 2004 GDP forecast for South Korea from 3.6 to 4.0 percent, but said in an accompanying commentary that it was likely the country's cyclical recovery would be "laborious".
cnn.com /2003/BUSINESS/11/18/korea.economy.imf/index.html   (448 words)

  
 Index of Economic Freedom 2006 - Korea, South
South Korea's trade policy score is 0.5 point worse this year, but its fiscal burden of government score is 0.6 point better.
According to the World Bank, South Korea's weighted average tariff rate in 2002 (the most recent year for which World Bank data are available) was 10 percent.
According to the Ministry of Finance and Economy, South Korea's top income tax rate is 38.5 percent (a 35 percent income tax rate plus a 10 percent surcharge), down from the 39.6 percent reported in the 2005 Index.
www.heritage.org /research/features/index/country.cfm?id=KoreaSouth   (978 words)

  
 CNN.com - Troubled Korea flirts with recession - March 19, 2001
Most economists expect Korea to record year on year growth of between 5 percent and 6 percent for the December quarter 2000, which is historically low for an economy that prospered on its enormous manufacturing base.
But economists remain downbeat on South Korea in the short-term, as the U.S. economy continues to show signs of slowing and Japan wallows in the mire of an economic and political crisis.
The central Bank of Korea has forecast GDP growth this year of 5.3 percent, after an estimated 9.3 percent in 2000 and a post-crisis surge of 10.7 percent in 1999.
edition.cnn.com /2001/BUSINESS/asia/03/19/korea.economy   (704 words)

  
 The EU's relations with the Republic of Korea - Overview
Today’s relationship between the Republic of South Korea and the EU is founded on (1) increasingly shared political values, (2) strong economic links reflecting large bilateral trade and investment flows and (3) the EU's reiterated support for South Korea’s policy of engagement with the North.
This was both in recognition of South Korea’s increasing role in the world economy and in Asia, and also of its success in consolidating democracy after the formal end of military rule (1987) and the election of the country’s first President with a civilian background (1992).
On the global scene, the EU and South Korea co-operate closely in a number multilateral frameworks appart from copperation in the framework of the WTO, both parties also have a close relationship within the Asian Europe meeting (ASEM).
ec.europa.eu /comm/external_relations/south_korea/intro/index.htm   (988 words)

  
 Workers World Dec. 18, 1997: The repossession of south Korea’s economy
The so-called bailout of south Korea is another in a series of predatory operations by U.S. and Japanese imperialism.
The crowning achievement of the industrialization of south Korea is the creation of a militant, organized working class which has a history of fighting back and defending itself.
And what is true for south Korea is true for the rest of the Asian working class—which is growing by leaps and bounds as capitalism spreads its system to every corner of the Pacific Rim.
www.workers.org /ww/skorea1218.html   (1720 words)

  
 MapZones.com : South Korea Economy   (Site not responding. Last check: 2007-10-10)
South Korea’s economy, traditionally based on agriculture, has, since the early 1960s, undergone an extraordinarily rapid industrialization.
In that time, South Korea transformed itself from a poor, agrarian society to one of the world's most highly industrialized nations.
The Asian financial crisis of 1997-99 exposed certain longstanding weaknesses in South Korea's development model, including high debt/equity ratios, massive foreign borrowing, and an undisciplined financial sector.
www.mapzones.com /world/asia/south_korea/economyindex.php   (453 words)

  
 CNN.com - South Korea's economy slowing - Mar. 20, 2003   (Site not responding. Last check: 2007-10-10)
South Korea's market is the strongest performer in Asia on Thursday.
South Korea's senior economic presidential aide said on Thursday the country's economy was weakening faster than expected.
Asia's fourth largest economy, which outshone most regional peers in 2002, has been buffeted this year by risks ranging from North Korea's suspected nuclear program to a recent $1.2 billion accounting scandal at conglomerate SK Group.
www.cnn.com /2003/BUSINESS/asia/03/20/korea.economy.reut   (204 words)

  
 The Economy of South Korea
South Korea is a nation that has seen severe hardship.
Korea's history is marked by frequent invasion and domination by its neighbor countries, especially Japan.
While North Korea is still struggling to stabilize its economy, the South Korean economy has grown at an astonishing rate, placing it on the same economic level as some nations of the European Union.
www.angelfire.com /country/southkorea   (133 words)

  
 Economy of South Korea - Wikipedia, the free encyclopedia
The economy of South Korea is the 10th largest in the world according to GDP measured by nominal, and the 14th when measured by PPP, as of 2006.
The economy was dominated by a group of chaebol, large private conglomerates, and also was supported by a significant number of public corporations in such areas as iron and steel, utilities, communications, fertilizers, chemicals, and other heavy industries.
In the next twenty-five years, South Korea grew from a predominantly rural, agricultural nation into an urban, newly industrialized country and the agricultural workforce shrunk to only 21 percent in 1989.
en.wikipedia.org /wiki/Economy_of_South_Korea   (8453 words)

  
 South Korea's economy grew 4.6 percent in 3rd quarter, Bank of Korea says - iht,business,SKorea Economy - Business - ...
SEOUL, South Korea South Korea's economy grew 4.6 percent in the third quarter from the same period last year, the Bank of Korea said Wednesday, boosted by strong capital investment and robust exports.
South Korea grew 5.3 percent in the second quarter from the year before.
Last Monday, North Korea is believed to have conducted a nuclear test at an underground site, drawing strong condemnation and sanctions from the United Nations.
www.iht.com /articles/ap/2006/10/24/business/AS_FIN_SKorea_Economy.php   (271 words)

  
 South Korea - Economy
Since the early 1960s, South Korea has achieved an incredible record of growth and integration into the high-tech modern world economy.
In 2004, South Korea joined the trillion dollar club of world economies.
Today its GDP per capita is equal to the lesser economies of the EU.
www.exxun.com /Korea_South/e_ec.html   (613 words)

  
 1Up Travel > South Korea > Travel & Tourism | Tourist Guide to South Korea
Korea is a land in eastern Asia that consists of two states.
South Korea has a government that is strongly anti-Communist.
Government and Politics in South Korea - Profiles the country name, government type, administrative divisions, independence, national holiday, constitution, legal system, suffrage, executive, legislative, and judicial branches, political parties and leaders, and a flag description of South Korea.
www.1uptravel.com /international/asia/southkorea   (758 words)

  
 Asia Times Online :: Korea News and Korean Business and Economy, Pyongyang News
In 2003, South Korea's net exports accounted for 2.6 percentage points of GDP growth, which amounted to 3.1%.
The strength of Korea's exports has in effect papered over structural political, social and economic problems that have strongly undermined domestic demand, especially private investment and consumption.
The Asian liquidity crisis of 1997 and Korea's subsequent economic collapse and exchange rate devaluation produced long-term changes in the investment practices of Korea's chaebols.
www.atimes.com /atimes/Korea/GI17Dg01.html   (1228 words)

  
 Agriculture - Economy - South Korea - Asia   (Site not responding. Last check: 2007-10-10)
Land distribution programs were carried out in the late 1940s, creating in South Korea an agricultural system composed primarily of small, owner-operated farms.
The rapid industrialization of South Korea and increasing urbanization is diminishing the importance of farming to the country’s economy, and the number of families dependent on agriculture for their livelihood has steadily declined since the 1970s.
The estimated livestock population in 2001 was 8.4 million pigs, 2 million cattle, and 430,000 goats.
www.countriesquest.com /asia/south_korea/economy/agriculture.htm   (193 words)

  
 THE ECONOMY OF SOUTH KOREA   (Site not responding. Last check: 2007-10-10)
South Korea in recent decades has been one of the most dynamic economies in the world.
But the Korea economy was not always so dynamic.
After Park's assassination and the second oil shock in 1979 the Chun Regime stopped the projects devoted to the heavy and chemicals industries and shifted credit to light industries.
www2.sjsu.edu /faculty/watkins/korea1.htm   (518 words)

  
 Economy of South Korea Summary
Both North and South Korea, since their independence in 1945 from Japan, have pursued an economic development strategy centered on heavy industrialization, including s...
When South Korea gained its independence in 1945, the country had no workable resources or capital except for its unemployed illiterate population.
Economy of South Korea: This is a view of YangJe-Cheon in Seoul, South Korea
www.bookrags.com /Economy_of_South_Korea   (181 words)

  
 South Korea - Economy
Today its GDP per capita is 18 times North Korea's and equal to the lesser economies of the European Union.
Growth plunged to a negative 6.6% in 1998, then strongly recovered to 10.8% in 1999 and 9.2% in 2000.
Led by consumer spending and exports, growth in 2002 was an impressive 6.2%, despite anemic global growth, followed by moderate 2.8% growth in 2003.
www.classbrain.com /art_cr/publish/south_korea_economy.shtml   (337 words)

  
 Korea, South Economy - Flags, Maps, Economy, Geography, Climate, Natural Resources, Current Issues, International ...
Today its GDP per capita is seven times India's, 13 times North Korea's, and already near the lesser economies of the European Union.
The Asian financial crisis of 1997-98 exposed certain longstanding weaknesses in South Korea's development model, including high debt/equity ratios, massive foreign borrowing, and an undisciplined financial sector.
As of December 1998, the first tentative signs of a rebound in the economy emerged, and most forecasters expect GDP growth to turn positive at least in the second half of 1999.
www.photius.com /wfb1999/korea_south/korea_south_economy.html   (423 words)

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