International Trade in South Korea

International Trade in South Korea

Ranking fifteenth in the list of the world's largest economic powers, South Korea has shown a spectacular growth over the past thirty years. However, due to its strong incorporation into international trade and finance, South Korea was one of the most affected countries in Asia by the... Read more

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Market Analyses About South Korea (324)

Import and Export Services in South Korea (1,074)

  • High Beam Global

    High Beam Global

    Market Research, South Korea

    HBG is a full service Market Research agency providing research and support services to companies ranging from boutique research...
  • HARVEST WISDOM

    HARVEST WISDOM

    Market Research, South Korea

    Our principal activity and area of expertise is in conducting B2B telephone studies (usually IT, but others such as Telecom, media and...

Business Tips About South Korea (63)

Agents and Distributors in South Korea (139)

  • ORIENT TRADE

    ORIENT TRADE

    Buying Agent, South Korea

    Are you looking for a contact point in Korea ? You can expand your land of market with us. Since ORIENT-TRADE was...
  • Haekeon Corporation

    Haekeon Corporation

    Export Management, South Korea

    We are import and export distrbutor in South Korea specializing in machines and  tools since 1985. We also have interest in...

Overview About International Trade in South Korea

Main Industry Sectors

The primary sector in South Korea is weak, counting only with a negligible contribution to the country's GNP. Rice is the main agricultural crop. However, barley, wheat, corn, soybeans, and sorghum are also extensively cultivated. Likewise, livestock farming is done on a large scale. South Korea's mineral resources are limited to gold and silver.
The country's main sectors of activity are textile, the steel industry, car manufacturing, shipbuilding and electronics. South Korea is the largest producer of semiconductors in the world. The manufacturing sector represents about 35% of the GNP, while the tertiary sector accounts for more than 60%.

 

Economic Overview

Ranking fifteenth in the list of the world's largest economic powers, South Korea has shown a spectacular growth over the past thirty years. However, due to its strong incorporation into international trade and finance, South Korea was one of the most affected countries in Asia by the international financial crisis. Therefore, its GDP growth fell from 5.1% obtained in 2007 to 0.2% in 2009. South Korea was, nevertheless, one of the first economies to get out of the crisis, its recovery was strengthened by th...

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