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Its economic growth rate reached 6.2% in 2010, a recovery from economic growth rates of 2.3% in 2008 and 0.2% in 2009, during the Great Recession. The South Korean economy again recovered with the record-surplus of US$70.7 billion mark of the current account at the end of 2013, up 47 percent growth from 2012.
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.
Conservatism portal. South Korea portal. v. t. e. The Maeil Business Newspaper ( Korean : 매일경제신문 ), also simply known as Maekyung (derived from the pronunciation of the Korean name) or MK, is a comprehensive daily newspaper published in South Korea, first issued on March 24, 1966. The president of the publishing company is Chang Dae ...
South Korea is a country with one of the largest American immigrant populations in the world, numbering over 100,000. [50] Most Americans tend to be Korean Americans who have returned to South Korea. About 43,000 Korean Americans reported living in South Korea in 2020, more than twice the number in 2005. [51]
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 ...
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 ...
South Korea's economy beat most forecasts to grow 1.3% in the first three months of this year, though living costs have remained stubbornly high, despite some progress in tackling inflation.