South Korea's major trading partners are China, Japan, US, Australia and EU.
In trading statistics, countries like Saudi Arabia and Kuwait are not considrerd important because of their unique characteristics of oil exports.
South Korea does not produce any significant quantity of petroleum and is a net petroleum importer.
South Korea
They produce corn and rice and since they are a communist country the have a more poor economy than South Korea.
South Korea produce the Hyundai car.
Absolute advantage: Vietnam can produce 1000 million tons of rice while South Korea can produce 800 million tons of rice => Vietnam has absolute advantage (since it can produce more than Korea) Comparative advantage: Same example: Vietnam and Korea. To produce 1 more tonnes of rice, Vietnam has to give up producing 3 cars. However, to produce 1 more tonnes of rice, South Korea only have to give up producing 1 cars. => There is a lower opportuniy cost for Korea to produce rice. i.e. South Korea has the comparative advantage.
What is the elevation of South Korea and North Korea>
the Korean peninsula: includes both south and north Korea
South Korea help itself.
It is South Korea's! Also LG is South Korea's
Seoul is the capital and largest city of South Korea, and it is the 5th largest city in the world.
samsung belongs to South Korea also LG belongs to South Korea
North Korea- Communist South Korea- Presidental