South Korea

4993 Words Dec 7th, 2013 20 Pages
Country report
South Korea – Electronic
Yu Ming Lin
Country Profile
In February 1945 the end of World War II, Korean Peninsula divided into North and South Korea. South Korea also name Republic of Korea, 99,392 sq. km, has a population of almost 50 million, and has its capital at Seoul, the largest city in Korea. The second largest city is Busan, which is the country’s main port, has wonderful nature harbor beside the delta of Nakdong River.
The major industrial prior 1948 was agriculture in Korea peninsula, South Korea was in a sever environment of economic. The war damage and the refugee from North Korea keep South Korea inflation and unemployment.
Korea is full of mineral source, however, most minerals concentrated in the North
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(Data from http://ec.europa.eu/) Top Exports And Imports

With the success of Samsung and LG, South Korea has become the world’s leader in electronic industries. Therefore, the major export from South Korea is electrical machinery and equipment and parts. And its export industries require foreign machinery and equipment for production, so electronic elements become a main import for South Korea when South Korea has surpassed Japan and the United States in selling memory chips, that’s why importing chip machinery is so important for South Korea’s economy. They also are doing well in shipbuilding (Samsung Heavy Industries) and automobile industries (Hyundai KIA) showing that South Korea became car. When they become the number five car company in the world, Hyundai KIA is trying to expand more into China and India’s emerging markets. As a result, ships, boats, and vehicle are part of major export, so the iron and steel play an important role in import. South Korea also have heavy depends on fossil fuels, South Korea is the second largest importer of liquefied nature gas, and most from Malaysia, Indonesia, Qatar, and Oman. (Data from WTA) Data from (http://www.eoearth.org) (http://www.indexmundi.com) Foreign Direct Investments Inflows
During the 1997-1998 the Asia financial crisis, but it provided a great period for foreign company to invest in Korea market. In the passed 10 years, the China’s economic growth and keep investing in other

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