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South Korea's export has recorded $424 billion in the first eleven months of the year 2010, already higher than its export in the whole year of 2008. The South Korean economy of the 21st century, as a Next Eleven economy, is expected to grow from 3.9% to 4.2% annually between 2011 and 2030, [61] similar to growth rates of developing countries ...
South Korea hosted the G-20 Summit in Seoul in November 2010, a year that saw South Korea and the European Union conclude a free trade agreement (FTA) to reduce trade barriers. South Korea went on to sign a Free Trade Agreement with Canada and Australia in 2014, and another with New Zealand in 2015.
1992–1996. The goal of the Seventh Five-Year Economic and Social Development Plan (1992–96), formulated in 1989, was to develop high-technology fields, such as microelectronics, new materials, fine chemicals, bioengineering, optics, and aerospace. Government and industry would work together to build high-technology facilities in seven ...
Due to the pandemic caused shutdown of its major trading partner, China, South Korea's economic growth fell by 1.4% in Q1 2020 compared with the previous quarter.What Happened China is South Korea ...
List of countries by GDP (nominal) Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [ 2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
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]
Science & Technology. Hyundai Motor Group, one of the top three car brands in the world. LG Electronics, the No. 1 TV market player in the world. Samsung Electronics, the world's No. 1 smartphone market share as of 2022. SK Hynix, the world's fourth-largest chipmaker in sales as of 2023.
This is an alphabetical list of countries by past and projected Gross Domestic Product per capita, based on the Purchasing Power Parity (PPP) methodology, not on official exchange rates.