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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.
A destructive drought in 1958 forced Korea to import large amounts of food grains. In 1950, the Korean War (a war between the Republic of Korea and the Democratic People's Republic of Korea ) broke out, which destroyed more than two-thirds of the nation's production facilities and most of its infrastructure.
South Korea's major global automakers are Hyundai Motor, Kia and Genesis, one of the world's three largest automakers in terms of sales. [16] The auto parts industry is also important to South Korea, with nine South Korean companies listed on the list of the top 100 auto parts companies based on sales in 2020. [17]
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 ...
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
South Korea is the EU's tenth largest trade partner, and the EU has become South Korea's fourth largest export destination. EU trade with South Korea exceeded €90 billion in 2015 and has enjoyed an annual average growth rate of 9.8% between 2003 and 2013. [177]
Globalization in South Korea started after the Asian Economic Crisis. The economic crisis during 1997–1998 had created economic regression in Asia, including South Korea. South Korea had a high debt-equity ratio followed by low profitability due to inconsistency in corporate governance, which was the major obstacle.
The channel was launched in 2005 as Discovery HD, the first high-definition channel in Asia. It was first available in South Korea in February, and in Japan in December. The channel launched in Singapore on January 19, 2007. [1] On April 1, 2010, Discovery HD was rebranded to Discovery HD World. In 2008, Discovery Channel HD was launched in Japan.