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International Business Negotiations
South Korea

Basic Economic Data

South Korea has become one of the 5 Asian Tigers due to its independence from North Korea, followed by a military regime led by Gral Park Chung Hee who established a government-controlled economy. Electronic, heavy and chemical industries grew and helped develop South Korea into an export-driven economy.
In the 1980's South Korea went through a democratization process and up until now has been formally a democratic republic.

Major Industries:
• Agriculture: rice, barley, fruit, vegetables, cattle, fish, pigs, milk, eggs.
• Shipbuilding: Including repair and construction
• Textiles: Importing 1/3 of raw materials, exporting 2/3 of processed products.
• Automobiles: Including electronic parts and steel. Cement
• Petrochemicals
• Iron and Steel
• Machinery
• Electronics: computers, peripherals, pc's, hard disk drives, ROMs, printers, wire and radio communication......

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Approximate Word Count: 1558
Approximate Pages: 7 (250 words per double-spaced page)

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