Risk Management - Articles
An overview on South Korean economy and environment
September 10th 2019
South Korea is located in Eastern Asia, on the southern half of the Korean Peninsula bordering the Sea of Japan and the Yellow Sea.
South Korea has experienced one of the largest economic transformations of the past 60 years. Given its limited geographical size, natural resources and population size (a labor force of almost 28 million people out of its 51.2 million population), the country has devoted special attention to technology development and innovation to promote growth, growing from a predominantly rural, agricultural nation into an urban, industrialized country. Industry represents 35.9% of the GDP and employs 24.8% of the workforce. The main industries include textile, steel, car manufacturing, shipbuilding and electronics. South Korea is the world's largest producer of semiconductors.
Thanks to the openness to export and foreign trade in general, South Korea gives a lot of business opportunities to worldwide companies. In order to start and maintain safe and profitable relationship with Korean companies it is important to retrieve accurate business information from the most important local providers. Only local providers have the specific knowledge and tools to provide the most reliable and accurate information. Thanks to SkyMinder you will be able to order reports compiled by the most expert provider in the Korean territory.