Risk Management - Articles
An overview of the Republic of Korea
November 7th 2022
The Republic of Korea is a peninsula in Eastern Asia between the East China Sea and the Sea of Japan. The country has a mixed economic system including private freedom and centralized economic planning and government regulation. South Korea ranks 10th among the world's largest economic powers and 4th in Asia and the country is renowned for its amazing rise from one of the poorest countries in the world to a developed, high-income country in just a few decades. Also South Korea was affected by the Covid pandemic economic slowdown in 2020, but effective health management and successful policies helped Korea emerge quickly from the pandemic. The country is strongly integrated into international trade and finance and offers great opportunities in terms of trade exchanges and investments.
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