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South Korea

In: Business and Management

Submitted By fjly52
Words 4979
Pages 20
Country report
South Korea – Electronic
Yu Ming Lin
Country Profile
In February 1945 the end of World War II, Korean Peninsula divided into North and South Korea. South Korea also name Republic of Korea, 99,392 sq. km, has a population of almost 50 million, and has its capital at Seoul, the largest city in Korea. The second largest city is Busan, which is the country’s main port, has wonderful nature harbor beside the delta of Nakdong River.
The major industrial prior 1948 was agriculture in Korea peninsula, South Korea was in a sever environment of economic. The war damage and the refugee from North Korea keep South Korea inflation and unemployment.
Korea is full of mineral source, however, most minerals concentrated in the North such as gold, coal, ore, iron and graphite. There are some tungsten, amorphous graphite, coal, and iron in South Korea and the distribution percentage is North 80%~90% to South 10%.
International trade
Balance Of Payment

The table above is the South Korea’s balance of payments account and this table can track the payments to and the receipts from other countries from 2006 to 2010. As we can see the current account surplus in all five years and it means that these five years South Korea exports more goods, services, and income than it imports. (Data from world databank)
The Current Account

In October 2011, South Korea’s current account surplus US4000 Million. South Korea’s growing economy relies on exports, and the most important exports are form electronics industry such as television, semiconductors, LCD panel, mobile phone, motor vehicle, steel, ships and petrochemicals. South Korea’s major imports are machinery, oil, and steel. (Bank of Korea)
(http://www.tradingeconomics.com/)

The Capital Account
South Korea’s government debt is high which is part of net capital. And it also including the taxes on capital...

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