The Economic Characteristics Of The South Korea Economy

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Economic indicators
The Korean government is very efficient.
South Korea to play a large consortium, the resources concentrated in a few consortium who, the use of large to squeeze opponents, making Samsung, LG, modern technology and brands are among the world-class. South Korea on the panel, dram, the semiconductor industry to help them refine the investment overturned bend, China learned this (I said is learning to support dram, the semiconductor panel, not a consortium), so we are now the semiconductor industry is to play the panel National team, and vigorously foster, railway track enterprise also merged to the world competition.
South Korea was actively promoting broadband penetration, increase speed, the Government invested heavily in
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Due to lack of natural resources, the main industrial raw materials are dependent on imports. Forest area accounted for 66.6% of the total area. South Korea has three sides facing the sea, is rich in aquatic resources. The main aquatic products are 75 species of fish, shellfish 20 species, 15 species of algae, 10 species of other marine life, a total of 120 species. Aquaculture has become an important source of protein food in Korea and one of the important industries to earn foreign …show more content…
Although the per capita GDP of the ROK is 32 (USD 27,200), the labor intensity is high (the average annual working time per person is 2113 hours, the third), the unemployment rate is high (3.6% 14th), the birth rate is low (female per capita is 1.26, ranking the world 166), the economic growth rate is only 2.6%, ranked the world 104. In addition, the national image, international competitiveness, transparency levels are declining. Fortunately, South Korea 's trade and trade balance in 2015 ranked 6th and 4th place, and in 2014, per capita R & D expenditure ranked 14th in the

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