South Korea - Country Analysis

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ASSIGNMENT 1 BSUI 2701-C South Korea COUNTRY ANALYSIS Abdul Manan Sheikh Instructor: Wade Rose February 2, 2012 Table of Contents Title Page Executive Summary…………………...….……..………...............................................................1 Level of development and wealth …...…….....…………………………..……………………….1 Infrastructure.....…………………………..…………………………………………….…………1 Important industries..………………..…………………………………………………………….2 Economic ties to other countries ....................…………………………………………………….2 Inward foreign investment ….……………………………………………………………….........2 Legislation affecting inward foreign investment ....………………………………………………2 Large multinationals with operations.......................………………………………………………3 Level of corruption..................................................………………………………………………3 Political situation and stability ......………………………………………………………………..3 Economic conditions and stability ....……………………………………………………………..3 Cultural issues and social stability.…………..………………………………….………………...4 Work force skills and unemployment rate.………………………………….………………….....4 Factor Endowments …………………………………………………………………………........5 Summary ……………………………….………………………………………………………....5 Conclusion……………………….………………………………………………………….…….5 References…………………….………………………………………………..……………….....6 Executive Summary: South Korea is one of the Asian fast growing countries with market based economy and its economy ranks at 13th in the world by Gross Domestic Product (Purchasing Power Parity) with estimated US$1.6 trillion last year. South Korea economy is growing at an average rate of 3% which is the average rate of growth for other industrialized countries, and its GDP is expected to grow steadily with approximately 3-4% in coming years. There

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