Korea: Economy, Politics and Government

Source: Business Intelligence Report : Korea, 2001 , pp. 1-62(62)

Publisher: World of Information

Abstract:

In the space of just three decades spanning the 1960s, 1970s and 1980s, the South Koreans turned their country around from the ravages of a civil war to become the world's eleventh richest economy. Successive governments directed credit to the large family-run conglomerates or chaebol (‘fortune clusters') that emerged in the post-war economy. Officials often issued direct orders to their chiefs, simulating a ‘national corporation' and leading some Western commentators to laud the ‘guided market' model of development as the chaebol became global players in shipbuilding, electronics and auto manufacturing despite the country's late industrialization.

World of Information Business Intelligence Reports allow access to concise, clear coverage of current political and economic developments in over 100 countries. Alongside contributions from journalists and regional experts from around the world, they contain a wide variety of sectoral analysis and background information. Each Report contains an introductory overview commissioned from one of World of Information's network of contributors, an extensive list of key facts and features of the country, including macroeconomic indicators and details regarding national population, labour market and public services. The economy section focuses on monetary, fiscal and trade conditions before analysing sectoral, infrastructure and regulatory developments. Natural resources including agriculture and minerals, industry and service sectors are covered. A five-year table of key indicators invaluable for research into economic trends accompanies the report.

Keywords: addresses; banking; budget; business; cabinet; coal; constitution; currency; election; energy; exchange; exports; external; GDP; growth; hydrocarbons; imports; inflation; infrastructure; interest; international; investment; legislature; manufacturing; mining; ministry; oil; opposition; parliament; party; prime minister; privatisation; relations; reserves; taxation; telecommunications; tourism; transport; welfare; IMF; car; Daewoo; Hyundai; Samsung; Japan; SK; Goldstar; food; Jung

Language: English

Document Type: Review article

Publication date: 2001-01-01

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• In this Subject: Business ,  Political Science

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