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Topic: South Korean economy

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Economy of South Korea

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Korean reunification

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South Korean won

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	South Korea article - South Korea Korean Hangul Hanja East Asia Korean peninsula North Korea 1948 - What-Means.com (Site not responding. Last check: 2007-10-21)
		South Korea's (current) capital and largest city is Seoul in the northwest, other major cities include nearby Incheon, central Daejeon, Gwangju in the southwest and Daegu and Busan in the southeast.
		Joseph Stalin forced thousands of ethnic Koreans from Vladivostok and Khabarovsk to relocate to the Central Asian part of the U.S.S.R., while the majority of the Korean population in Japan was brought there as forced labor during the colonial period.
		The Korean language, thought by some scholars to be a member of a wider linguistic family of the Altaic languages, is currently classified as a language isolate by western scholars.
	www.what-means.com /encyclopedia/South_Korea (1813 words)

	South Korea - Wikipedia, the free encyclopedia
		South Korea's solid economy is characterized by moderate inflation, low unemployment, an export surplus, and fairly equal distribution of income.
		Joseph Stalin forced thousands of ethnic Koreans residing in or near Vladivostok and Khabarovsk to relocate to the Central Asian part of the U.S.S.R., fearing Korean collaboration with the Japanese, while the majority of the Korean population in Japan was brought/kidnapped there as forced labor during the colonial period.
		Korean cultural development is generally divided into periods coinciding with political development: the Three Kingdoms period (57 B.C. A.D.), the Unified Silla dynasty (668-935), the Koryo dynasty (918-1392), the Joseon dynasty (1392-1910), and the modern period (1910-present).
	en.wikipedia.org /wiki/South_Korea (3753 words)

	Encyclopedia: South Korean economy (Site not responding. Last check: 2007-10-21)
		South Korea bounced back from the 1997-98 crisis with IMF assistance, and carried out extensive financial reforms that restored stability to markets.
		The slowing global economy and falling exports account for the drop in growth rates in 2001 to 3.3%, but in 2002 Korea pulled out a very respectable 6.0% growth rate.
		Hyundai Asan is also lined up to be the South Korean party that will help develop an 800 acre (3.2 km²) industrial complex in Kaesŏng, located near the Demilitarized Zone (DMZ), subject to final agreements, including between Seoul and P'yŏngyang.
	www.nationmaster.com /encyclopedia/South-Korean-economy (830 words)

	South Korean Economy Recovery (Site not responding. Last check: 2007-10-21)
		South Korea was one of the first Asian countries hit by the regional financial crisis and a high-level Seoul economic official says it will likely be among the first economies to show recovery.
		South Korea's ambassador at large for economic affairs Kim Kihwan, is predicting positive growth late next year.
		Kim says other factors in South Korea's economic recovery are a stabilization in the country's currency -- the won -- and government efforts to restructure the banking and corporate sectors.
	www.cyberhaven.com /globalinvesting/southkoreanrecovery.html (390 words)

	Asia Times - News and analysis from Korea; North and South
		The Chinese economy keeps steaming ahead, and as such is absorbing South Korean exports at a record pace, but this may not be the case indefinitely.
		Nevertheless, South Korean exports are strong and, while China is a wild card in terms of export growth, Korean firms have made substantial headway in establishing their brands in lucrative European and American markets.
		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)

	Korean on Encyclopedia.com (Site not responding. Last check: 2007-10-21)
		Korean is an agglutinative language in which different linguistic elements, each of which exists separately and has a fixed meaning, are often joined to form one word.
		A distinctive feature of Korean is the use of a number of different forms to indicate the respective social positions of the speaker, the individual spoken to, and the individual spoken about.
		South Korean troups near DMZ (demilitarized zone) near 38 parallel which separates South and North Korea.
	www.encyclopedia.com /html/K/Korean.asp (874 words)

	United Press International: Analysis: Economic rebound in S.Korea? (Site not responding. Last check: 2007-10-21)
		Economic policymakers boast the South Korean economy is finally escaping from its worst trough in five years.
		South Korea's economy grew a real 6.4 percent in 2002 but went into its first recession since the 1997-98 financial crisis in the first half of this year.
		Exports, the economy's main growth engine, recorded 26 percent growth in October from a year ago, the highest since 1992, when exports reaped 24 percent year-on-year growth from 1991.
	www.upi.com /view.cfm?StoryID=20031118-110653-6665r (920 words)

	Asia Times
		Bolstered by strong domestic demand, the South Korean economy grew an estimated 5.7 percent in 2002.
		Noting that South Korea's far-reaching corporate restructuring during the past five years has led to a remarkable economic rebound and a healthier economic structure, the agency advised the new government to expand the country's growth potential through continued restructuring.
		Although it is not necessary to revise its macroeconomic policy, the South Korean government should take prompt measures, including spending a larger portion of its 2003 budget in the first half, in case external conditions worsen, it said.
	www.atimes.com /atimes/Korea/EC06Dg01.html (412 words)

	BBC News \| The Economy \| South Korean economic rescue package
		Five top South Korean conglomerates, known as chaebols, are expected to announce a series of deals in the next few days in an effort to orchestrate a financial recovery.
		The South Korean economy is expected to shrink by 5% this year, but the Finance Ministry believes that the new stimulus package will help the economy to bounce back in 1999 when it is forecast to expand by 2%.
		South Korea has been forced to introduce a series of major reforms after receiving a crucial $58bn bail out from the International Monetary Fund.
	news.bbc.co.uk /hi/english/business/the_economy/newsid_163000/163007.stm (351 words)

	Paper: North Korea and the South Korean Economy (Site not responding. Last check: 2007-10-21)
		While it is not my role to lecture South Koreans on their social preferences, that tenured-for-life academics would be unwilling to sacrifice their cell phones and hair dye in the pursuit of liberating 22 million of their countrymen from the world's most odious regime strikes me as utterly incomprehensible.
		While it is true that the South Korean stock market actually rose during the last crisis, the expanded role of foreign participants and the increased complexity of the financial transactions mean that the market today is far less susceptible to political intervention than it was a decade ago.
		South Korea should, as it has been doing, pursue a fiscal policy that might be considered relatively restrictive in the long run to minimize current public borrowing and debt under the expectation that this liability will come due sometime in the future.
	www.iie.com /publications/papers/noland0203.htm (1841 words)

	Online NewsHour: South Korea Troubles -- December 4, 1997
		South Korea's double digit economic growth of the 70's and 80's was known as the Miracle on the Han River, because much of the boom took place along that river in and near Seoul.
		By 1994 South Korea, with 43 million people, was the world's largest producer of home appliances, the second largest producer of semi-conductor chips, and the second largest ship builder, more semi-conductors by last year, Korea was the 11th largest economy in the world, as large as Thailand, Indonesia and Malaysia combined.
		Korean society went from the 18th century to the 21st century in a matter of three decades.
	www.pbs.org /newshour/bb/asia/july-dec97/skorea_12-4a.html (1054 words)

	South Korean Economy :: Korea Guide (Site not responding. Last check: 2007-10-21)
		South Korea is close to Japan geographically and in economic style.
		Of course, this economic dip was not the first in Korea's recent history; the recovery from the Korean War (1950-52) was sluggish and a corrupt regime was ousted by the military.
		As of August 2000, over a third of the South Korean population were Internet users, compared with under a fifth of the Japanese; with many more ADSL subscribers in Korea.
	www.japanvisitor.com /kc/ke.html (553 words)

	North Korean Economy
		But observers in South Korea were stunned to learn that the communist leader's itinerary also included a three-day visit to Shanghai a bustling port city in southern China that has become the hub of the country's booming market economy.
		Looking at South Korean politics, absent some major reciprocity from the North, it would be very difficult for southern politicians to keep ponying up (offering) massive amounts of aid to the North.
		The South Koreans are the most likely candidates to do much of the investing in the north.
	www.fas.org /news/dprk/2001/dprk-010207.htm (738 words)

	South Korean economy looks ahead to 2004 recovery (Site not responding. Last check: 2007-10-21)
		SEOUL -- A generally rosy picture is emerging of South Korea's economy for the coming year, although geopolitical uncertainties, household debt and a shaky credit card industry might mean a delayed recovery in consumption.
		South Korean consumers are saddled with huge debts after many of them took out generous housing loans or indulged themselves in a spending binge with credit cards, the use of which was encouraged by the government in a bid to boost consumption and also to keep tabs on tax evasion.
		South Korea, whose exports have been the most levered in Asia to China's growth, will benefit the most from the booming Chinese economy, which Goldman Sachs expects to grow 9.5 percent in 2004.
	money.inq7.net /breakingnews/printable_breakingnews.php?yyyy=2003&mon=12&dd=22&file=8 (559 words)

	ZNet Commentary
		South Korea achieved these high rates of growth while preserving domestic ownership over its "world class" international business conglomerates known as "chaebols." At the core of the highly successful "Korean model" were the ownership and financial links between large, modern industrial enterprises and Korean banks, and between Korean banks and various Korean government ministries.
		Nor was the "Korean model" particularly unique — in most respects it was similar to the Japanese model that was equally successful in the 1950s, 1950s and 1970s, and to the models of other successful Asian "tigers" in the 1980s and 1990s.
		John J. Lee, a Korean- born American and senior vice president of New York based Scudder Kemper Investments Inc. who manages the Korea fund, one of the largest and oldest mutual funds to invest solely in Korea, said 'A year ago, I was cynical, quite pessimistic about the reforms the government was promising.
	www.zmag.org /Sustainers/content/1999-04/april_15hahnel.htm (1427 words)

	Workers World Dec. 18, 1997: The repossession of south Korea’s economy
		The aim was to build up the economy as part of the struggle against the socialist camp—in the same way that West Germany and West Berlin became a showcase of Western capitalism in the struggle against the socialist German Democratic Republic.
		The illusions of the south Korean bourgeoisie, which itself had minor imperialist aspirations, are dissolving rapidly as world imperialist finance capital moves in to show who the real master is.
		The foreign debt of south Korean banks and corporations is estimated at $110 billion: $100 billion to be paid back over the next year and $20 billion of that due very soon.
	www.workers.org /ww/skorea1218.html (1720 words)

	Seung, Chris, and Dan (Group C) (Site not responding. Last check: 2007-10-21)
		The country that we chose was South Korea because Joe’s family is originally from South Korea.
		The South Korean economy does not seem to show the same tradeoff as the U.S. and the model in the book.
		The standard of living in South Korea is closely related to that of Hong Kong, Taiwan, and Singapore.
	andromeda.rutgers.edu /~dspencer/IntroEcon/Sec04Sp04/GroupCSouthKorea.htm (960 words)

	The Economy of South Korea (from Korea) -- Britannica Student Encyclopedia
		The South Korean economy grew remarkably in the second half of the 20th century.
		The country is bordered by the Democratic People's Republic of Korea (North Korea) to the north, the East Sea (Sea of Japan) to the east, the East China Sea to the south, and the Yellow Sea to the west; to the southeast it is separated from the Japanese island of Tsushima by the Korea Strait.
		The country is bordered by China and Russia to the north and by the Republic of Korea (South Korea) to the south.
	www.britannica.com /ebi/article?tocId=203486&ct= (940 words)

	Asia Times: South Korean economy faces a host of potential problems
		SEOUL - The South Korean economy this year is projected to perform well given the bright outlook shown by leading indicators, but it could face problems from many variables following the financial crisis in late 1997, the Samsung Economic Research Institute says.
		A hard landing of the US economy, an unstable financial market, widening income disparity, labor unrest, delayed reform progress and inflation could burst the nation's economic bubble, it warned on Wednesday.
		Optimistic signs for the economy include the development of the information and communication industry, stable growth of the stock market and the conclusion of corporate restructuring.
	www.atimes.com /asia-crisis/BA13Db01.html (709 words)

	SOUTH KOREAN ECONOMY February 07, 2003 (Site not responding. Last check: 2007-10-21)
		When the year-end numbers are in, South Korean GDP is projected to grow by as much as 6% in 2002, driven to a degree by increased consumer spending.
		The South Korean economy has characteristically had high levels of both business investment (gross fixed investment has run at almost 30% of GDP from 1997–2001) and international trade (total foreign trade comprised over 70% of GDP in 2001).
		South Korean authorities have taken measures of late to deal with this burgeoning debt by mandating higher reserves and throttling down on the supply of credit.
	www.lacefinancial.com /releases/historical/030207SouthKoreanUpdate.htm (381 words)

	CNN.com - South Korean economy at crossroads - Aug. 6, 2003
		Depending on whom you listen to, the struggling South Korean economy is either poised for a rapid recovery or is destined to wallow in the financial doldrums for some time yet.
		In an unprecedented recent announcement, Park predicted the economy could grow by 4 to 5 percent by the end of 2003 with the turnaround possibly starting as early as the third quarter.
		The South Korean government and banks that once encouraged consumers to use their credit cards at first saw positive increases in private consumption and domestic production.
	edition.cnn.com /2003/WORLD/asiapcf/east/08/05/skorea.economy (613 words)

	Economy of South Korea (Site not responding. Last check: 2007-10-21)
		South korea is now the 12th-largest economy in the world.
		Last year alone, 84,347 visitors traveled by Hyundai-operated passenger ships, and most recently via land routes, as part of this tourism initiative, raising the total number of South Korean visitors to over half a million.
		The year 2002 witnessed significant progress on the Seoul-Shinŭiju; railroad, on both reconstructing road and rail links across the DMZ (as of early2004 this process was stalled).
	www.sciencedaily.com /encyclopedia/economy_of_south_korea (712 words)

	SOUTH KOREAN ECONOMY November 19, 2003 (Site not responding. Last check: 2007-10-21)
		South Korea’s year-on-year real GDP growth rate was 1.9% during the second quarter.
		South Korean banks have become increasingly conservative in lending to corporations to counter rising delinquency rates.
		Since the Asian financial crisis of 1997-1998, the Korean government’s efforts toward restructuring the banking sector have been focused on encouraging consolidation and privatizing banks in the banking industry.
	www.lacefinancial.com /releases/historical/031119SouthKoreanUpdate.htm (292 words)

	Strong Exports Bolster South Korean Economy
		EOUL, South Korea, March 23 - The South Korean economy expanded by 2.7 percent in the fourth quarter, its fastest pace in almost two years, as exports remained strong, the central bank said on Tuesday.
		South Korea's February unemployment rate remained at 3.3 percent, the nine-month low reached in January, the central bank said, and it forecast that the economy would grow more than 5 percent this year.
		South Korea also said it would cut taxes on automobiles and household appliances until the end of this year, reducing the price of a midsize car by around $250.
	www.nytimes.com /2004/03/24/business/worldbusiness/24korea.html?ex=1395550800&en=3da0261f88c1f06d&ei=5007&partner=USERLAND (783 words)

	Korean Statistics, South Korea Economy -- Page 9 (Site not responding. Last check: 2007-10-21)
		Since the Korean War, the South Korean economy has been revitalized and greatly expanded with the aid of capital investment from the United States and, since the mid-1960s, from Japan.
		During the 1960s and 1970s the economy grew at a rate between 7% and 10% a year.
		Seoul is the principal industrial center, followed by Pusan, the oil refining and shipbuilding center of Ulsan, and the petrochemical and steel mill town of Yochon.
	www.paulnoll.com /China/Asia-Stats/Asia-Korea-stats-09.html (211 words)

	BBC News \| BUSINESS \| South Korean economy slows (Site not responding. Last check: 2007-10-21)
		South Korea's economy contracted during the last three months of 2000 for the first time in more than two years.
		South Korea is particularly vulnerable to the economic slowdown in the US and Japan.
		The US is the biggest buyer of South Korea's exports, especially IT goods, which in themselves comprise 43% of total exports.
	newswm.bbc.co.uk /1/low/business/1231280.stm (502 words)

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