South Korea

1101 Words Jun 2nd, 2013 5 Pages
REGIONAL STUDIES PAPER

ON

SOUTH KOREA

1. Have you ever sat back and wondered what it would be like to live in another country. What is the first thing that comes to mind when you think of South Korea? Most likely it will probably be the Korean War or maybe even the 1988 Olympics. You may even, some day, be stationed there. I personally experienced the country first hand through a tour between 1988 and 1989. Korea is one of our major theaters of operation so it is very important for us to understand a little about their culture and where they came from to prepare for any future missions or tours in their arena. In order to introduce us to this fascinating country we will initially talk about their rich history. We will then
…show more content…
Manufacturing continued to grow rapidly in the 1980s and early 1990s. In recent years, Korea's economy moved away from the centrally planned government-directed investment model toward a more market-oriented model. Korea bounced back from the 1997-98 Asian financial crisis with some International Monetary Fund assistance, which based largely on extensive financial reforms. According to the U.S. Department of State website“ …these economic reforms, pushed by President Kim Dae-jung, helped Korea maintain one of Asia's few expanding economies, with growth rates of 10% in 1999 and 9% in 2000. The slowing global economy and falling exports slowed growth to 3.3% in 2001, prompting consumer stimulus measures that led to 7.0% growth in 2002. Consumer over-shopping and rising household debt, along with external factors, slowed growth to near 3% again in 2003. Economic performance in 2004 improved to 4.6% due to an increase in exports, and remained at or above 4% in 2005, 2006, and 2007.”3 Now with understanding of South Korea’s economics we can move on to our last venture where we will sum up our journey through the orient.
5. It is important for us, as military leaders, to learn and understand many foreign cultures. As we said in the beginning there may come a time where we will need to venture to South Korea in a deployment or contingency operation.

More about South Korea

Open Document