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Economy of South Korea. Seoul, the capital of South Korea, is home to giant business groups such as Hyundai, SK, LG, Hanhwa, GS, KB, CJ and Samsung, ranking fifth in global city GDP and second in Asian city GDP. [ 5] The service sector accounts for the largest portion of the city's labor force. As the center of the country's finance, Seoul is ...
The article lists the GDP of Japanese prefectures in main fiscal years, where all figures are obtained from the Statistics Bureau of Japan (日本統計局).Calculating GDP of Japanese prefectures is based on Japanese yen (JP¥), for easy comparison, all the GDP figures are converted into United States dollar (US$) or Renminbi (CN¥) according to current annual average exchange rates.
The economy of South Korea is a highly developed mixed economy. [ 20][ 21][ 22] By nominal GDP, the economy was worth ₩2.24 quadrillion (US$1.72 trillion). It has the 4th largest economy in Asia and the 14th largest in the world as of 2024. [ 3]
Foreign reserves. $1.2 trillion (2023) [ 23] All values, unless otherwise stated, are in US dollars. The economy of Japan is a highly developed/advanced mixed economy, often referred to as an East Asian model. [ 24] It is the fourth-largest economy in the world by nominal GDP behind the United States, China, and Germany, and the fourth-largest ...
Economic inequality in South Korea. According to data from 2010, low-income earners (those earning 12 million won or less) make up 37.8% of South Korea's labour force. [ 1] Conversely, the highest income earners (those earning 100 million won or more) make up 1.4% of the labour force. [ 1]
South Korea was willing to give $20 million of US dollars of support. This extension over the next 5 years should assist in technical assistance and training for low income states. [4] As of recent, the IMF sent a team to Seoul to discuss the fiscal policy that is supposed to assist growth in the short and medium term. [5]
All data are sourced from the latest regional statistics published by the South Korean Government, [1] the OECD and the International Monetary Fund (IMF). [2] [3] The South Korean won has been converted to the international dollar using the IMF's Purchasing Power Parity conversion rate.
Jul. 8—AUSTIN — Governor Greg Abbott on Monday delivered remarks at the U.S. Embassy in the Republic of Korea while in Seoul on the second day of a three-nation economic development mission to ...