State Institutions Are Different For North And South Korea.

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.

The United States has a complex government that builds on democracy whereas North Korea has communism centered on totalitarian rule. Both had their conflicts during the past and still are struggling in the future. Even though their government has two different sides to tell about they too have some similarities. One country having majority rule and the other having "political authority [whom] exercises absolute and centralized control over all aspects of life" (definition: totalitarianism at dictionary.com). Going through the growth of their economy, the citizens are opening their eyes each and every day to a government that has different branches with their checks and balances, exposure to several political parties, having their civil

South Korea and the United States have different ideas on a lot of things. Looking into South Korea’s way of life puts a different perspective on how someone across the world lives their life a little differently than me, even though they could be in the same financial state. My research will look at the comparison of their family and social life, Government, Religion, education, economy and health care,and how it differs from the U.S. The U.S. Population is 318.9 million and South Korea’s 50.22 million. The life expectancy in South Korea is 81.37 years old, and The US doesn’t differ much with it being 78.74 years old. There is a lot less free time in South Korea with people working an average of 2071 hours and here an average of 1788 hours. The unemployment rate there is also a lot smaller than here with there being all kinds of jobs for any level of work experience. South Korea has gone through a great economic rise in the last 50 years going from one of the poorest countries to the fifteenth largest economies.

Education is taken earnestly in primarily all countries throughout the world including America, but even more so in South Korea. While high school is considered to be one of the best times of your life in America, it is not the same for Koreans. In America, sports,

North Korea, officially the Democratic People’s Republic of Korea, is a unitary singe-party state. There is only one political party: the Worker’s Party of Korea. North Korea was founded on August 5, 1945. The per Capita GDP for the country is $1,700. The country has a supreme leader (head of state); Kim Jong-un, who was chosen by the Supreme People’s Assembly. The premier (head of government) is Yon-rim. The national literacy rate is 99%. Also, the citizens’ roles are to follow laws and to be loyal to their country. Citizens cannot vote and have very little say in the government.

The world is not a perfect place. It is filled with disease, poverty, war, and corruption. The amount that these aspects take over the everyday lives of citizens is what separates corrupt states from non-corrupt states. North Korea is one of the most corrupt nations in the world falling behind only Somalia. The transfer of power in the nation to Kim Jung-un following the death of his father, Kim Jung-il, has resulted in no cure for this corruption and more so even worse circumstances. This unbelievable corruption in North Korea under the Kim Jung-un regime is able to persist because of the characteristics of the nation’s rule of law, limited government, regulatory efficiency, and open markets where it is ultimately a part of the fabric of

Nestled in the north peninsula of Korea in East Asia lies North Korea also referred to as The Peoples Republic of Korea and is divided into nine provinces. The nation has an extensive infrastructure, but not modernized and is underdeveloped. Communism consumes North Korea where isolationism and dictatorship are staples in the government. Every aspect of the nation is state regulated and laws are carried out diligently with serious reprisal for disobedience. North Korea prides itself on their military abilities and puts forth the interests of the military before anything. Despite severe food shortages, economic instability, and lack of electricity, North Korea is undeterred in their efforts to maintain the fourth largest military in the world.

The current government that North Korea has in place in its country is a communist state. Communism can be defined as advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs. North Korea’s major political party is the Korean Workers’ Party (KWP) and has been governed by the Kim dynasty since 1946. North Korea also has minor parties such as the Chondoist Chongu Party and the Social Democratic Party (Both run by the KWP). All political parties are controlled by the “Supreme Leader” and appoints members to political positions as needed. The people of North Korea refer to whoever is leading the government as “Supreme Leader.” Currently, North Korea’s “Supreme Leader” is Kim Jong Un and he was elected, unopposed, in December 17, 2011. The biggest concern with North Korea’s government is that they do not possess any diplomatic representation in the United States, nor does it posses any diplomatic representation from the United States.

You may ask yourself, how can they have such a booming economy when they border North Korea, a dictatorship lead country that is very poor when looking at the population. Only the dictator himself and most of his close colleagues carry the wealth of the country meanwhile everyone else struggles to find food and jobs even homes to live in.

In North Korea, all the production means are held by the government and are barely used. The lack of property rights causes a lack in investment because people cannot invest as they cannot acquire the means of production or to claim property on them. The absence of the property rights is one of the main factors that cause states to collapse due to its impact on the economic situation of country and it causes inequalities and

Divided on the 38th parallel, North Korea and South Korea remain split over their political ideology. Both nations run on completely different political ideologies. One party governs North Korea which establishes a common form of dictatorship. South Korea displays a democratic government with multiple political parties as well as government institutions serving as check and balances on other parts of the South Korean government. Through years of international involvement in the Korean Peninsula, North Korea and South Korea built their government by force.

South Korea has been able to grow as a strong state thanks to its strong leadership like General Park Chung Hee, but also due to its “industrial soldiers.” The term industrial soldiers was coined during the 1960s when General Park took office in 1961. General Park and his administration knew that in order to dig Korea out of poverty, “South Koreans needed to focus on developing human skills and then put them to unceasing use. ” Since Korea was not well developed in the ‘60s, General Park knew the best strategy to improve their new export oriented economy was by having low wages and intensive labor. Therefore,

Thanks to the globalization, Asian economy is drawing more and more the attention of the rest of the world. Nevertheless, when we talk about economic growth in Asia, we think mostly about China, India or Japan whereas South Korean economy is staying quite unknown in Belgium. However, since the war in the Korean peninsula and the formation of the Democratic People's Republic of Korea (North Korea) and the Republic of Korea (South Korea) in 1948, South Korea has becoming a major economic

The economy of South Korea is ranked at fifteenth place in the world. In terms of its relation with the United States, South Korea is the seventh largest trading partner. South Korea is well known for its high level of growth in economic field. Before 1960, South Korea was just another poor third world country and hardly known regionally as well as internationally. Its economic booming has elevated South Korea in the eyes of international cooperation especially the Organisation for Cooperation and Development (OECD).

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