Future Exchange Rate of South Korean Won

North Korea’s economy is very different then the United States’ economy. Even though one dollar in American money doesn’t seem much to us Americans, it is worth nine-hundred dollars in their currency. North Korea’s main sources of income are military products, machine building, electrical power, chemicals, mining, metallurgy, textiles, food processing and tourism. North Korea’s overall condition of the economy is not good.

This paper is an analysis of the country of South Korea. Using the operational variables of PMESII-PT this paper will identify the current situation in South Korea and the countries current issues. The overall objective is to understand the motives of South Korea.

A stronger Korean won, remembering that Kia cars sold in the United States are paid for in dollars,

Present day ruler, Kim Jong Un is known for his cruel ways of ruling and his nuclear power. North Korea has no religion, as it is discouraged. Because there is no religion, most citizens get into fights about their ideas of religion. Other people are too afraid to talk about their religion and even pass it on to their children because of what Kim Jong Un might do. Kim is known for executing people to get his way. Since he came to power, he has ordered at least three hundred and forty people to death. One hundred and forty of these people were apart of his government. Due to the executions, his people fear him. On a different topic, North Korea is the 119th largest trading economy in the world, exporting 2.83 billion dollars and importing 3.47 billion dollars. North Korea's largest trading partner is China, gaining food and energy. Other trading partners include, Pakistan, Asia, Russia, etc. China was also the one who gave North Korea nuclear weapons. North Korea was short on nuclear weapons and Kim decided it was time to advance the weaponry. As of 2014, the North Korean Army has 950,000

In North Korea, the government strictly controls the economy. The economy is driven by its major natural resources, agricultural, and industrial products. Natural resources, such as minerals, graphite, and coal, are found, but not abundantly. Agricultural products that are production are grains, rice, and beans. Industrial products include weapons and steel. North Korea has little

As well as the fact that their trade deficit is 4,899 USD millions, with a reasonable interest rate and inflation of 1.8% economically they are doing quite well when being compared to the U.S. As a matter of fact their inflation rate is not the same but with-in the same range for most years throughout the last 10 years. (Trading Economics, South Korean Balance of Trade, n.d) (Aneki.com, Ranking and Records, United States vs. Korea South) (Inflation.eu, Worldwide Inflation Data, Inflation South Korea 2012, n.d) (Global Rates Com, Fed Federal Funds Rate, American Central Bank’s Interest rate, n.d) (UN Data. A World of Information, Per Capita GDP at Current Prices USD, South Korea) (Index Mundi, Unemployment Rate South Korea, Historical Data Graphs per year) (U.S. Inflation Calculator, Current U.S. Inflation Rate 2003-2013,) (Inflation.eu, World Wide Inflation Data, Historical Inflation south Koreas – CPI Inflation)

Following the Korean War and the rebuilding of their societies, both North Korea and South Korea’s economies have depreciated and fluctuated. With their different economic systems, one using the military and the other using trade, they both have received different results.

After the war, both Koreas moved quickly to rebuild and modernize. North Korea, which was more industrialized than South Korea before the war, rebuilt quicker. Unfortunately, North Korea’s economy suffered, because of the break-up with the Soviet Union. Eventually South Korea evolved into a industrial society, who became a heavy exporter to the United States. Overall after the war both Koreas have been successful, but still face the challenge of

Article one titled “A Kim in his counting house; North Korea’s awful economy” explains North Korea’s collapsing economy. North Korea suppresses most economic data. The information is created by using near statistics of its trade with other countries. We can use those countries records and a jazz for population growth and inflation to get a close estimate of that country’s economy. In 1950s through the 1970s its economy outgrew the capitalist’s country of South Korea. All their resources were placed towards production. Although today North Koreas per capita GDP is only one 40th of South Korea’s at a whopping $600 year. Korea spent almost 3,000,000,000 each year in the military. There are 1.2 million people in the Army out of 25 million people in the whole entire country. They have huge conventional arsenal, rocket launchers and nuclear tests. Most countries who invest highly in the military grow economically. North Korea however their economy has gone up only a little. North Korea’s exports in 2015 were no higher than that at their peak in late 1970s, while per capita imports were 2/5 lower. The underperformance is remarkable either for a country that is neither a failing country nor at a state of war. So where North Korea go wrong? The collapse of the Soviet Union hit North Korea hard in 1990s on addition bad weather and agricultural reduction collapsed in the 1990s that led to famine in which hundreds of thousands of people died. Also North Korea’s nuclear bombing test has

This has to be taken in the context of the considerable global recession that has been in play since 2008, the results from which North Korea was largely shielded due to its insularity. In general terms, the North Korean economy is still far poorer than most other Asian nations.

South Korea and Japan have had a close relationship from ancient history to the present day. Because of this reason, their economic growth and development have similarities and disparate differences. This paper will discuss some of the two countries’ major characteristics including geographic, social, and political characteristics and look at their histories and economies.

South Korea is one of the most homogeneous countries in the world, in which it has its own culture, language, and customs that are different from other Asian countries. In South Korea, the citizens greatly value hard work, filial piety, and humility in their daily lives. South Koreans are very proud people in which they pride themselves in their traditional culture and their financial success.

At the end of World War II, Korea was a poor former agricultural colony of Japan. But the rapid growth of Korea’s industrial economy has been remarkable. The economy of South Korea is now the third-largest in Asia and the 13th largest in the world by GDP as of 2007. To trace back the economic development of South Korea, the former president Park Chung-Hee played a pivotal role, and was credited for shifting its focus to export-oriented favoring a few large conglomerates. Unlike his predecessors, Park showed a strong commitment to economic development, believing good economic performance as a primary means for enhancing his political legitimacy. Under the President Park Chung-Hee’s era, the government played a dominating role in a

South Korean love their country very much that they tend to buy national made products than foreign products. For example, a Germany brand called MCM able to regain their status after been taken over by South Korean company after it went bankrupt in 2005. They prefer Samsung over iPhone, LG over Philips, Hyundai over imported cars.

In recent years, China’s balance of payments always keeps “double favorable balance”. In 2005, China’s national economy developed quickly and stably. The exchange rat of RMB became more flexible. The current account surplus increased obviously and the capital account surplus decreased. The foreign exchange reserve still increased quickly. In 2005, Chinese government did some fiscal policy and monetary policy. Such as decreased government expense, raise the tax rate, used managed floating system, improve the foreign exchange management, enlarged the foreign exchange market. We can conclude that china’s BOP will still keep “double favorable balance” and keep