The Republic of Korea is a presidential republic in East Asia, occupying the southern half of the Korean Peninsula. Also known as the "Land of the Morning Calm", it is neighbored by China to the west, Japan to the east and North Korea to the north. South Korea's capital and largest city is Seoul, the second largest metropolitan city in the world. The current population of South Korea is roughly around 48 million.
The South Korean economy is highly developed and one of the four largest in Asia and 13th largest in the world. South Korea's tremendous economic growth is fueled by the export of high-tech goods. Few of the strongest industries are automobiles, biotechnology, construction, computers, electronics, petrochemicals, robotics, semiconductors, shipbuilding, and steel.
- GDP growth rate - 5%.
- Unemployment rate – 3.3 %
- Inflation rate – 2.5%
include semiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships and petrochemicals.
are machinery, electronics and electronic equipment, oil, steel, transport equipment, organic chemicals and plastics.
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