The policy makers of South Korea have emphasized on skilled and high quality industries such as the motor vehicle industry and electronics manufactures. This has made South Korea currently to have the sixth largest motor vehicle industry in the world. The country is also now the fourth largest producer of electronics goods. Industry in South Korea contributes about 35% of gross domestic product and provides employment to approximately 20% of the labor force. Important industrial and manufacturing base include computers, telecommunications equipment, consumer electronics, automobiles, ship, semiconductors, petrochemicals, and steel production.
The cost of houses in South Korea is rising rapidly with the increasing household expenses associated with rising house prices reducing the expectation of consumer spending.
The continued rise in house prices increase the interest rates. The rising rapid rise in prices has negative consequences for the economy. There is rising concern that the household debt is weighing down prospects for spending amid already meek income and employment growth. This is also raising concerns about an economic crisis especially if there will be an adjustment in house price (National Australia Bank 2).
The labor force in South Korea was over 20 million individuals in 2004. The majority of South Koreans are working in the services sector. This accounts to over sixty percent of the working population. Unemployment's low with and was recorded at 3.4% in 2003.The Ministry of Health and Welfare estimates...
After the crisis, South Korea increased its efforts to regain their economic status and years of growth followed. The state officials have however been accused that their efforts went as far as getting them involved in illegal operations and this then led to increased levels of corruption within the state. In the last couple of years, the rate of economic growth has been at a steady 4% per annum. The
PESTEL Analysis: South Korea It is increasingly uncertain which nations are best to invest in, particularly given the volatile situation in the United States which will affect the world as a whole. One of the most useful tools to evaluate investments is that of PESTEL analysis, an acronym which stands for Political, Economic, Social, Technological, Environmental, and Legal analysis. Based upon this evaluation of resources, one of the most attractive nations
South Korea The Political, Social, and Economic Institutions in South Korea South Korea was considered to be one of the "Asian Tigers," but that designation of strength did not stop the country from experiencing serious problems in the past. These were financial, but they were also social and political. The country went through rapid changes, including a financial crisis, but before that crisis occurred there were other issues with which the country
South Korea Market analysis Subscribers Political variables Economic variables Socio-cultural variables Observations Singapore Market analysis Political Economic variables Socio-cultural variables The basis of this country attractiveness report is to identify the most suitable target market to launch a sea food enterprise. The two countries within our scope are South Korea and Singapore. In this report we evaluate the level of attractiveness on the basis of political variables, economic variables, and socio-cultural variables. This report includes an analysis of the suitability of the
Certainly, this is reinforced by recent legislative efforts currently under discussion in the parliament. The ruling Grand National Party has been the subject of public resistance more recently, perhaps owing to the global economic slowdown which has caused widespread discontent throughout the world. In response, and with elections -- at that time -- approaching, the South Korean government considered the passage of legislation that would both place limitations and
An 'armistice' was signed in 1953, and this detailed that the two Koreas would be kept separate by the 38th parallel, and friends and relatives were cruelly separated from one another, some never to see each other ever again. The after effects of the Korean War can also be seen in the Gulf War that took place in the years from 1990 to 1991 between the Allied Forces and
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