South Korea: the 13th biggest economy in the world (by Gross
domestic product (GDP))
The Republic of Korea (ROK) successfully transformed itself from a war-torn
nation to the 13th biggest economy of the World, backed by its leading industries and
International trade. South Korea is the 4th biggest economy of Asia.
The Republic of Korea (ROK) has shown excellence in several sectors: shipbuilding,
semiconductors, construction, digital electronics and automobiles. Builders
of South Korea also shine in the international scenario, specially in the construction
market in Asia and the Middle East.
14 firms of South Korea made the 2007 Fortune Magazine's Global 500:
Hyundai Heavy Industries, Samsung
Electronics,, Kookmin Bank LG, Hyundai-Kia Motors, SK, Samsung Life Insurance, Hanwha, POSCO,
Korea Electric Power Corporation, KT, Samsung,SK Networks and S-Oil.
Joint ventures between Samsung and SONY and LG and Philips are
examples of productive industrial partnerships in the LCD sector, while the takeover of Daewoo Motors by GM and that of Samsung Motors by Renault
success in the automotive sector. South Korea produces over 3.8 million
vehicles every year, led by the 5 carmakers of South Korea: Hyundai Motor, GM Daewoo,
Renault Samsung Motors, Ssangyong Motor, and Kia Motors.
Korea is home to 7 of the top 10 shipbuilders of the world, including
Hyundai Heavy Industries, Samsung Heavy Industries Co., Daewoo Shipbuilding and
Marine Engineering Co., STX Shipbuilding and Hanjin Heavy Industries and
Construction. The port of Busan is the 5th biggest
port of the world, having handled a throughput of 13,450,000 TEU in 2008.
The Republic of Korea (ROK) has built its
position as a powerhouse in terms of information
technology (IT), backed by its immense IT-related production and international trade,
development of world-leading technology. Samsung Electronics is the biggest computer memory chip maker
of the Wortld and Hynix Semiconductor is
No.1 DRAM and No.3 NAND Flash Memory Producer of the world.
From air conditioners, microwaves and computers to liquid crystal display
screens, companies of South Korea have captured customers' hearts worldwide with better
prices and advanced technology.
South Korea is the 11th biggest International trader
of the world with imports and exports
accounting for 90% of the Gross domestic product (GDP) of South Korea.
The Republic of Korea (ROK) ranked 10th in the world in terms of global export market share based on cumulative export from
January to April 2009.
South Korea sells to and buys from 220 countries worldwide with
the People's Republic of China, Japan, and the United States as its major trade partners.
Main export markets: United States, Canada,
Brazil, United Mexican States, Association of
Southeast Asian Nations (ASEAN), Japan, People's Republic of China,
Singapore, India, Australia,
European Union, United Kingdom, France, Germany, Russia and
Example of the course doing business in South Korea:
South Korea Free trade agreements (FTA), European Free Trade Association (EFTA),
United States - Korea,
Singapore, ASEAN - South Korea Free Trade Area,
European Union - South Korea, ASEAN - South Korea Free Trade Area, India - Korea, Peru - South Korea, South Korea - Chile
EENI in Korean Language 석사 무 역 및 국제 마케팅
Borders: People's Republic of China, Russia, Japan