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THEECONOMYOFKOREAEconomicOverviewPartoneTheEventsParttwoInternationaltradePartthreePoliticseventsPartfour目录ContentsPartOneKorea'sEconomicOverview101030301020405GovernmentdominatedeconomyExport-orientedeconomyUnbalancedgrowthFlexibleinternationalpolicyHightechnologyandhumanresourcesdevelopmentstrategyCharacteristicsofeconomicdevelopment
developmentofexport-orientedeconomyChangeofindustrialstructureinnovationandtransnationaloperationsFlexibleinternationalpolicy
0460’s70'safter80'sAdvancedmanufacturigdegreeofdependenceonexportLargeenterprises'smonopoly1232Korea'scurrenteconomiccharacteristicsPARTTWOTheEventsandTheReasons2TheEventsandTheReasonsTheEventOne:600billionshippinggiantdown!Globalsupplychainisgoingtoparalyze?AccordingtothenewsfromAlphalinerConsultingCompany,intermsofshippingcapacity,thebankruptcyofHanjinCompanywillbethelargestinscaleinthehistoryofshipping.HuangSheng,aChinesefamousinvestor,indicatedthatthereisnolarge-scaleshippingbankruptcyeveniftheshippingindustryexperiencedtheseverecrisisin2008.However,allofasuddenthelargeshippingcompanylaunchedintothebankruptcy,predictingthatmaybeanewcrisiswillbecreatedintheglobalshippingmarket.StatisticsshowthattheexportstoAmericaandEuropeanUnioninAugusthavedropped4.8%comparedwiththoseinthesameperiodlastyear.Theimportofrawpetroleumalsohasdecreased5.2%.Koreaneconomyhasfallendowndramatically,andthenthefinancialalarmwentoff.2TheEventsandTheReasonsSamsunghasbroughttheworldabighit!2.5millionnewestNote7soldoutwillberecalledafter35explosions.TheEventTwo:Recently,dozensofGalaxyNote7haveexplodedwhentheywerebeingcharged,whichbroughtSamsungingreattrouble.Thecompanyexplainedthatitwasbecauseofthebadbatteryofmobilephones.However,thisdidn’trelievethecompanyofstressbecausethe“starter”ofexplosionsofSamsungmobilephonesshouldbeitself.Besides,thenewlylaunchedGalaxyNote7hasbeenresearchedforalongtimewhichaimedtorevengetheAppleandHuawei,andthustorecapturetheglobalmarketshare.Inrecentyears,themobilephoneshavenotachievedmuchandaregoingdownward.Accordingtotheincompletestatistics,theexplosionhascostSamsungthereductionofincome5billiondollarsand5%ofnetprofitannually.AsforSamsungbrand,thelosswhichhasbeencausedisunimaginable,whichcannotbereturnedbyadvertisingandpromotingtheirproducts.2TheEventsandTheReasonsTheEventThree:KoreaLimitiscoming!Koreanfashionhasbecomeunpopular!WhocansaveKoreaneconomy?InspiteofthestrongoppositionfromChina,KoreadeployedSAdemissileinKorea,whichmadeAmericamonitorthemissilelaunchingofthewholenorthandeastofChina,theBohaiSea,theYellowSea,andEastSea,greatlythreateningthesecurityofChina.Afterthedeployment,theChinesegovernmenthaslimitedthecultureandentertainmentindustry.BecausetheSARFT(theStateAdministrationofRadioFilmandTelevision)hasissuedKoreaLimit,361.5billionhavebeenlostovernight.UndertheimpactofKoreaLimit,themarketvalueofentertainmentindustrybegantofalldramatically.SomemainentertainmentcompaniessuchasYGandSMhavetotallygonedown,reachingthebottomofthisyear,withJYPandF&Cdecreasingabout5%.2TheEventsandTheReasonsTheReasonsofEventOne:1.Thedockingofshipsisblocked2.Thebadoperation,heavydebt
3.Thedownturnofinternationalshippingindustry,theslowgrowthofworldeconomy2TheEventsandTheReasons1.Thelossofmarketshare,leadingtoSamsungachievingmoreinashorttime2.ThefallingdownofproductqualityTheReasonsofEventTwo:2TheEventsandTheReasonsTheReasonofEventThree:Politicalreasons…………………………………Part3TheTradeRelationshipandInterdependenceamongKorea,Japan,ChinaandtheUnitedStates
1SouthKorea'sexporttoChinadecreased,andChina'stradeismorematureeconomiesintransition.Sino-Koreanbilateralimportandexport(JanuarytoApril,2016)billionsofdollars13.49%9%16.4%31%onyear-on-yearbasis22.China,Japan,andKoreawillpromotefreetradetogether.Tradesurplus(April,2016)Tradedeficit(April,2016)33.KoreawillgraduallybecomemoredependentonChina;therelationshipbetweenKoreaandtheUnitedStateshasnotchanged.Tradesurplus(April,2016)Sino-Koreanbilateralimportandexport(JanuarytoApril,2016)billionsofdollarsTradesurplus(April,2016)PAARTFOURECONOMYANDPOLITICS1RE
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