Similarities Between America And South Korea

similarities and differences between other Asian countries as well as what the economy is capable of based on the geography and weather patterns, as these play large roles in the country’s productions. Temperature extremes are noticed in the summer and winter months, much like what we experience here in parts of America, and these extremes are a major concern for the monsoons that occur that alter the precipitation patterns throughout the seasons. Because South Korea is so close to the rest of Asia, it shares much of the same amount of precipitation that is experienced across the lands. More than half of the precipitation that is experienced in South Korea occurs during the summer monsoon from June to September. Winter precipitation is snow, …show more content…
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