The Korean Economy – the Miracle on the Hangang River

Korea has achieved economic growth at an unprecedented speed. Observers refer to what it has accomplished the ‘Miracle on the Hangang River,’ as most ...

Korea’s Open Market Capitalist Economy

Korea strives toward a completely open market by removing trade barriers through free trade agreements (FTAs). In 2015, the country opened its rice ma...

Industrial Brand Leaders and Korean Industrial Standards

The government is committed to diversifying export items and enhancing their quality through the annual selection of first—rate quality goods. The pro...

Efforts to Grow as a Global Power

At present, Korea is putting every effort into transforming itself into a global economic system. Although the country accomplished rapid growth withi...

Korea’s Rise to a Developed Country

The international community has certified Korea as a developed country, consolidating its position as an economic powerhouse. In July 2021, the United...