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The economy of South Korea is a highly developed mixed economy. [19] [20] [21] By nominal GDP, the economy was worth ₩2.61 quadrillion (US$1.87 trillion).It has the 4th largest economy in Asia and the 12th largest in the world as of 2024. [3]
This is a list of South Korean regions by GDP. All data are sourced from the latest regional statistics published by the South Korean Government, [1] the OECD and the International Monetary Fund (IMF). [2] [3] The South Korean won has been converted to the international dollar using the IMF's Purchasing Power Parity conversion rate.
1950s - South sustained by crucial US military, economic and political support.. 1960s - Major programme of industrial development.. 1988 - First free parliamentary elections.. 1996 - South Korea ...
South Korea’s central bank lowered its key policy rate for a second straight month and said the country’s economy will grow at a slower pace than it initially anticipated. Following a policy ...
World Economic Forum – Global Competitiveness Report: 2019 & 13: 141 World Economic Forum – Global Enabling Trade Report: 2014 & 30: 138 IMD – World Competitiveness Yearbook: 2015 & 25: 60 Wall Street Journal / The Heritage Foundation – Index of Economic Freedom: 2023 & 14 & 184 OECD – Job security 2012 & 4: 34 MIT – Economic ...
The number of deceased is 240.South Korean government is drafting an $72.5 billion economic relief package to help those affected by the COVID-19 pandemic.$32.4 billion is earmarked to provide ...
The South Korean economy is heavily dependent on international trade, and in 2014, South Korea was the fifth-largest exporter and seventh-largest importer in the world. In addition, the country has one of the world's largest foreign-exchange reserves .
The year-end season in South Korea is usually vibrant. But this year has been noticeably different. ... which in recent decades has emerged as a leading global economy and beacon of democracy in ...