Korea Executive Briefing

Korea Executive Briefing
September, 2012 by SAI
South Korea is considered as one of the first countries to recover from the global financial crisis in late 2008 mainly due to its previous experience in the 1997 Asia Economic Crisis and relatively large foreign exchange reserves.
Although real GDP growth dropped to zero in 2009 due to the global financial crisis, it rebounded rapidly, reaching 6% in 2010 and 4% in 2011. The general  consensus among observers is that real GDP growth in 2012 was between 3% and 4%
The economy is beginning to resemble that of developed countries such as Japan and the US. This in turn may require it to take a more sophisticated approach than is typically adopted for developing countries such as China and India
Total population increased 1.5 times from 32.2 million in 1970 to 49.4 million in 2010. However, the overall population growth rate has been in continual decline since 1970 due to a low birth rate
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