South Korea is ranked at 13th, nominally, and also at 13th according to the nations PPP. The GDP growth last year was 3.3%, and has been rising slowly since 2010. Much of the GDP stems from the service centered articulations, comprising almost 60% of the total. Industry is the second largest factor in the GDP consuming just under 40%, while agriculture sits at under 3%. This market based economic balance has allowed South Korea to become a very developed country, with an advanced market and high income economy. South Korea experienced a very notable growth period between the 1960s and 1990s, and still today remains one of the fastest growing developed countries. Much of this power and finesse in the markets has come from South Korea’s very rigorous education system and population of highly motivated and talented individuals. Because very few natural resources exist, South Korea established an export oriented economic strategy. in 2014, South Korea was the 5th largest exporter in the
South Korea is ranked at 13th, nominally, and also at 13th according to the nations PPP. The GDP growth last year was 3.3%, and has been rising slowly since 2010. Much of the GDP stems from the service centered articulations, comprising almost 60% of the total. Industry is the second largest factor in the GDP consuming just under 40%, while agriculture sits at under 3%. This market based economic balance has allowed South Korea to become a very developed country, with an advanced market and high income economy. South Korea experienced a very notable growth period between the 1960s and 1990s, and still today remains one of the fastest growing developed countries. Much of this power and finesse in the markets has come from South Korea’s very rigorous education system and population of highly motivated and talented individuals. Because very few natural resources exist, South Korea established an export oriented economic strategy. in 2014, South Korea was the 5th largest exporter in the