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Korea Economy and History

In: Business and Management

Submitted By dnasya
Words 1578
Pages 7
South Korea has experienced rapid economic growth over last two decades. South Korea, officially Republic of Korea, is in East Asia and located on the southern half of the Korean peninsula which also contains North Korea. It consists of the mainland and about 3,200 islands, largely uninhabited and tiny, which lie off the western and southern coasts of South Korea. The country is surrounded by North Korea, to the north, and China which is separated by the Yellow Sea, to the west, Japan which separated by the East Sea, to the east. The capital city is the Seoul Special City which is located in the north-west of South Korea and in the mid-west of the Korean Peninsula.

South Korea including all islands has a total area of 100,210km2 which ranked 109th in the world. Nearly three-fourths of the total land area of South Korea consists of mountains and uplands. It has a population of almost 50 million and the density of population is 491 people per square kilo meter which placed in 23rd in the world. The estimated population of the capital city, Seoul, is over 10 million which is almost one fifth of the Korean population while it has a total area of over 600㎢ which occupies 0.6% of South Korea’s land area. South Korea has a humid continental climate and a humid subtropical climate. In general, summers which include a rainy season are hot and humid but winters are often extremely cold and much drier than summers. The spoken language is Korean and the official script is Hangul which invented by King Sejong in 15th century.

South Korea is one of the fastest growing developed countries. Until 1960’s agriculture used to be the major industry in the country. Fifty years later, the tertiary industry accounts for almost half of GNP(Gross National Product). The major industries are mainly based on services and manufacturing including the shipbuilding and the...

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