Country Analysis on Korea

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Student Name Professor’s Name Business Studies 17th Feb 2018 Country Analysis on Korea South Korea’s economy is one of the fast-rising economies among nations considered to be industrialized. The quick progress is measurable on many levels, but the GDP per capita precisely helps to evaluate opportunities and risks of operating in the economy. Trend analysis of the GDP per capita indicates an upward trend as demonstrated in the table below. This steady rise is attributed to the growth of more lucrative industries such as the electronics industry that has greatly flourished. Renowned companies such as Samsung and Hyundai based in South Korea fetch huge income to the economy. Business in this sector is not only rewarding to the economy but also to a businessperson. There is a great investment in this sector to fuel innovations addressing groundbreaking global solutions. In statistical figures, the investment in electronic production rose by 40% between 2011 and 2016. The South Korean economy provides a platform for innovation that opens up to more opportunities (Jarvis 323). Table 1: Gross domestic product (GDP) in current prices from 2012 to 2022 (in billion U.S. dollars) South Korea’s economy is one of the fast-rising economies among nations considered to be industrialized. The quick progress is measurable on many levels, but the GDP per capita precisely helps to evaluate opportunities and risks of operating in the economy. Trend analysis of the GDP per capita indicates an upward trend as demonstrated in the table below. This steady rise is attributed to the growth of more lucrative industries such as the electronics industry that has greatly flourished.

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