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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 ...
This is a list of South Korean regions by GDP. 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.
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.
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 ...
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]
Before its expansion last year, the five countries in the original BRICS already accounted for about 40% of the world’s population and about a quarter of global GDP, according to World Bank data.
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.
Andong-Hahoe Folk Village (2005) showing high-productivity rice field. Agriculture in South Korea is a sector of the economy of South Korea. Korean agriculture is the basic industry of the Korean economy, consisting of farming, animal husbandry, forestry and fishing. At the time of its founding, Korea was a typical agricultural country, with ...