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The steel industry plays a key role in the South Korean economy as it is the material for major industries such as automobiles, shipbuilding, and construction.In South Korea, the steel industry's GDP is 1.5 percent of all industries, and 4.9 percent of the manufacturing industry.
The automobile industry was one of South Korea's major growth and export industries in the 1980s. By the late 1980s, the capacity of the South Korean motor industry had increased more than fivefold since 1984; it exceeded 1 million units in 1988. Total investment in car and car-component manufacturing was over US$3 billion in 1989.
South Korean officials have requested an exemption from U.S. reciprocal, steel and aluminium tariffs during their visit this week to Washington, the industry ministry said in a statement on Friday.
This is a list of countries by trade-to-GDP ratio, i.e. the sum of exports and imports of goods and services, divided by gross domestic product, expressed as a percentage, based on the data published by World Bank. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.
South Korea is set to sign an agreement next week with eight African nations to help boost rice production and cut their dependence on imports, Agriculture Minister Chung Hwang-keun told Reuters ...
BSE had a significant impact on the import mix of South Korean beef. Prior to the outbreak of BSE, South Korea imported more than 60% of its beef from the US. In 2009, beef imports from Australia accounted for 59.0 percent of South Korea's total beef imports, while the share of US beef imports dropped to 25.3 percent. [1]
Soon by the mid-1980s, Korea's economic growth was recognized internationally and world criticized its export intensive economy. Unfavorable global conditions hit Korea's export intensive economy. Korean policy makers realized the need to open markets and create more competition and to boost the international competitiveness of domestic industries.
North Korea: 904.8 2022 Chad: 895.2 2022 Cape Verde: 832.2 2022 Seychelles: 717.5 2022 Turks and Caicos Islands: 678.3 2022 Central African Republic: 629.5 2022 Antigua and Barbuda: 623.0 2022 Grenada: 589.3 2019 Solomon Islands: 539.5 2022 South Sudan: 512.5 2022 Samoa: 492.1 2022 Saint Vincent and the Grenadines: 438.0 2022 Vanuatu: 424.7