South Korea has amarket system to make money. They make large amounts of money from exports.
market economy
well i think that it is a market economy o wait that's south Korea
well i think that it is a market economy o wait that's south Korea
Yes, in fact South Korea does have a railway system.
South Korea's economy is based on manufacturing, particularly electronics, automobiles, shipbuilding, and petrochemicals. It also has a strong technology sector, with companies like Samsung and LG dominating the global market. Additionally, South Korea has a strong focus on exports, with its economy heavily reliant on international trade.
South Korean system is similar to that of the US. North Korean system is similar to that of Hussein's Iraq.
South Korea's monetary system is comprised on the Korean won. A single won is divided into 100 jeon, the monetary sub-unit of South Korea.
No, South Korea had never been a communist country before.
The economy of South Korea is a capitalist that exists in a mixed economy. The economy system of South Korea, combines both the public and private companies.
north korea supported a communist government with support from the soviets. south korea supported a democratic system with american support
No, South Korea is not developed under a socialist system. It is a capitalist country with a mixed economy that includes elements of socialism, such as government intervention in certain sectors, but overall it operates on capitalist principles with a focus on private enterprise and free market competition.
North Korea's economic system is restricted due to it's communist form of government. South Korea's economic performance has no restrictions.