South Korean Economy, Imports & Exports
South Korean is economy is one of the top 20 economies of world and high-income developed country whereas it is the 7th biggest exporter and 10th largest importer of the world. South Korea is country with a labor force of almost 24 Million individuals who are mainly deployed in industrial sector where only 7% is engaged with Agriculture sector. Korea is an economy with great dependence on service sector which is composed of almost 68% of the economy.
Imports & Exports:
Total amount earn through exports is US $558.8 Billion whereas total spending in Imports is US $525.2 Billion (2011).
- Wireless telecommunications equipment
- Motor vehicles
- Electronics & electronic equipment
- Transport equipment
- Organic chemicals
I have tried to present a brief overview of Korean economy; please do share you feedbacks as well.
Posted by: phillip on Feb 20 2012Tags: Business
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