Electronics trade exceeded 45 billion and the projected growth is 9% per year. Korean government also plans to expand its financial support in the field of research and development (Emmot, 2010). Information and telecommunication industry in South Korea satisfy all aspects of porter 's Diamond and stay in sync that provides competition among its employees. Country is a world leader and has the advantage over other because all four aspects of Porter’s Diamond are met. Factor conditions Germany has long been known as a manufacturer and exporter of quality products.
The economic development of South Korea since 1960 is one of the biggest success stories in the history of development. In just a few decades, South Korea transformed itself from an agricultural society to an industrialized nation exporting high-technology products such as cars, TVs, mobile phones or computers. Furthermore, after more than two decades of authoritarian rule South Korea changed relatively peacefully to a democratic society in 1987. After the Korean war, South Korea was one of the world's poorest countries with only $64 per capita income. Economically, in the 1960s it lagged behind the Democratic Republic of the Congo (DRC).
It has a capacity to produce 39 million metric tons of crude steel per year. It is also one of the few big steelmakers to make profits. One of its competitors, Nippon Steel has gone on to admit that POSCO is the most efficient of the steel makers. POSCO is 65 per cent privately and 35 per cent government owned. POSCO produces high-quality steel products at low cost using the most modern facilities and advanced technologies.
Although Korea has advanced technology, but also perfect combined traditional culture. The participants are from Korea and all over the world. The conference used by all English. I was so impressed in Korean when I found that Korean student can use the excellent English. And there are also foreign participants that study in Korea.
North Korea’s economy is a centrally planned system and South Korea is Free Market. South Korea is now considered to be fully developed with a similar per capital economic standing to Western Europe, Japan, and America. South Korea is one of the Asian Tigers along with Hong Kong, Singapore and Taiwan which have free and highly developed economies which grew rapidly between the 1960s and the 1990s. After 1961 North Korea was the most industrialize country in the third world and living conditions were better than South Korea in that time. However, because of central government the economic condition was fall dawn side.
Japan, was ranked third (after the US and china) powerful economy in the world. This country has a very limited resources and most of it's islands are volcanic or full of mountains. But, investing on advanced technologies, made Japan one of the biggest leaders in industry and technology in the world. \begin{figure} \centering \includegraphics[width=13cm]{map} \caption{Japan on map \cite{map}. }\label{map} \end{figure} Japan, at 2010, had a very great economy.
The United State of America is the largest importer of guar from India. The crop was initially a minor crop with limited business interest and within the period of two years it became India’s largest agricultural export to the United
Per an online encyclopedia, officially the Republic of Korea, South Korea belongs to the East Asia region. Until its liberation in 1945, South Korea was formerly one with its other half, North Korea. Now, South Korea is at the Southern half of the Korean Peninsula bounded by China at the west (across the Yellow Sea), Japan in the southeast (across Korea Strait), and North Korea or the Democratic People’s Republic of Korea, in the north. With Seoul as its capital, South Korea adheres to a presidential republic form of government under the leadership of Lee Myung-bak, President elect who assumed post in February of 2008, and appointed Prime Minister Chung Un-san since September 28, 2009. The government’s structure is determined by the Constitution
Introduction South Korea is a very cultural and historical place which has 51 million inhabitants. Their country is in the southern part of the Korean Peninsula and they own many thousands of islands, however not all are habitable. They have very extreme weathers and a very varying terrain. Above all, these the Koreans are very proud people that value education, culture and history very much. Geography South Korea is a country in East Asia which covers the southern part of the Korean Peninsula.
Depending on your traveling priorities, you can certainly fine tune this itinerary to suit your needs. Things to know before traveling to Gangwon-do: Language - The official name for the Korean language is Hangeul and is used in the entire country. Unlike it's South East Asian neighbour, South Korea have only started interacting with foreigners in the late 80’s so do not expect everyone to speak any English. Speaking at least some Koreas phrases or attempting to learn is greatly appreciated by the locals. Some helpful phrases are as follows: Kamsa hamnida = Thank you Anyong haseyo = Hello or How are you?