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South Korea: a Comprehensive Analysis Outline

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South Korea: A Comprehensive Analysis Outline
MGT448
March 28, 2011

South Korea: A Comprehensive Analysis Outline
Country Analysis * Political Stability 1. A Republic with powers shared between the president, the legislature and the courts 2. Well established constitutional democracy which is conducive to overall political stability. * Economic Conditions 1. Market based economy; stable, affluent country a. High gross domestic product (GDP) per capita of $20,164.85 (USD,2010). b. Inflation rate: 3.1% (2010) c. Unemployment: 3.3% (2010) d. Gross National Product (GNP) is growing faster than the population. 2. 13th largest economy in the world and the 3rd largest in Asia a. Major industries: electronics, telecommunications, automobile production, chemicals, ship building, steel b. Exports contribute to 39.4% of the GDP 3. Import dependant – 5th largest importer of crude oil and 2nd largest importer of both coal and liquefied natural gas. 4. Free Trade Agreements with United States and European Union * Finance Options Available 1. Government committed to promoting exports and easing regulations to attract foreign direct investment. 2. Invest KOREA – Korea’s national investment promotion agency established within the Korea Trade-Investment Promotion Agency (KOTRA). The sole purpose is supporting the entry and successful establishment of foreign business into Korea. 3. Foreign Trade Zones and Free Economic Zones. 4. Tax benefits for investment in Free Economic Zones. 5. Cash grants for foreign investments. * Physical Environment and its affect on trade 1. Three-fourths of total land are consists of mountains and uplands. a. Moderate continental climate – cold winters and hot, humid summers. b. Precipitation from 35-60 inches annually. c. Monsoons (June-August)…...

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