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South Korea economy depends on Heavy Industrial sector and also HIgh Technology fields such as Shipbuilding, Iron-making, Oil Refining(import crude), Electronics, Autumobiles and Countruction skills etc. In terms of exporting size, Korea is ranked 8th in the world, much bigger than Great Britain and Spain.
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South Korea's growth has resulted from an economic system described as?
State Capitalism
What are some examples of economic tigers?
Some examples of economic tigers are Taiwan,as well as Singapore,and south Korea
What is economic system used by South Africa?
mixed economic system
How are the resources allocated in South Africa's Economic system?
South Africa has a capitalist economic system and resources are allocated based on who can buy them.
Who are the Asian economic tigers?
ANSWER"Four Asian Tigers" is unofficial name for economics of South Korea, Singapore, Taiwan and Hong-Kong
What type of economic system does South Korea have?
Capitalist
Economic system of South Korea?
market economy
What is the difference between North Korea and South Korea economies?
North Korea's economic system is restricted due to it's communist form of government. South Korea's economic performance has no restrictions.
South Korea's growth has resulted from an economic system described as?
State Capitalism
Is both South Korea and North Korea are command economic country?
NO. Only North Korea is. South Korea is capitalist.
Does South Korea have a railway system?
Yes, in fact South Korea does have a railway system.
What is the economic status of South Korea?
high
What are the differences in social culture and economic structure of south Korea and north Korea?
nothing
What economic system does South Korea has?
Free enterprise. They tried to copy what the Americans had, because they were saved by us so they could be democratic.
How is north Korea's government different from south Korea's government?
South Korean system is similar to that of the US. North Korean system is similar to that of Hussein's Iraq.
What is the Monetary System in South Korea?
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.
Why South Korea has market system?
South Korea has amarket system to make money. They make large amounts of money from exports.
