South Korea Economy

By Anonymous

 

Economic Background

   Before the Korean War in 1950-1953 South Korean economy heavily depended on agriculture but after the war industrial production like manufacturing grew rapidly. Communication, government, trade, and transportation became important making South Korea one of the largest economies. About 2/3 of south Korea's employments comes from service industries and industrial activities count for about 1/4 of south Korea employment. Most of the South Korean industry is privately owned.

Coronavirus Impact on Economy 

When it comes to covid-19 and how it affected South Korea there is little to no information. Compared to other countries South Korea handled the virus quite well. The residents who live there have the app installed into their phone so the government knows if their quarantining right, if they fail to do so they are given a fine which is quite a lot. Relating to the economy pretty sure some people's jobs were put on hold or slowed down. "Choi says, South Korea's government has to strike a balance between public health and economy."



Citations

Armstrong, Charles K., and Eugene Y. Park. "Korea, South." World Book Student, World Book, 2020,
www.worldbookonline.com/student/article?id=ar751408. Accessed 4 Nov. 2020.


"New Coronavirus Cases Are On The Rise In South Korea." Morning Edition, 20 Aug. 2020. Gale OneFile: High School Edition, https://link.gale.com/apps/doc/A633432945/STOM?u=tel_s_tsla&sid=STOM&xid=b4adfc36. Accessed 4 Nov. 2020.



















Comments

Post a Comment

Popular posts from this blog

Jamaica Economy

By Anonymous
Image
 Economy   Outdoor market in Jamaica Roasting coffee beans  Jamaica is a developing country. The country has a high rate of unemployment and underemployment. Foreign aid and  remittances  (money sent home) from Jamaicans working abroad are helpful sources of national income. Tourism also provides much income for the nation. The leading tourist centers in Jamaica include Kingston, Montego Bay, Negril, and Ocho Rios. About a sixth of Jamaica’s people work in agriculture. Sugar cane is the most important crop. Other crop products include bananas, citrus fruits, coconuts, coffee, and yams. Farmers raise beef cattle, chickens, goats, and hogs. But the nation’s farms do not produce enough food for all the people, and so Jamaica must import much of its food. Mining provides much of Jamaica’s income. Jamaica is one of the world’s largest producers of bauxite. Plants near some of the bauxite mines remove a mineral compound called  alumina  from the bauxite ore. Jamaicans also mine gypsum and li
Read more

Welcome to the 6th Period Blog

By
Image
  This quarter we will be focusing our research on one country as we study culture. Contributing to this class blog is how you will display your research and be graded. Below you will find the topic question for the unit, the grading rubric, and websites to help you with research. Country Blog Post Assignment What is the culture of your assigned country and how has it been impacted by Covid-19? Rubric Points Blog post to be completed each day must include the following: 2 Citations Work includes two articles or websites that are properly cited Citations should be at the bottom of the blog post 3 Culture Correctly Identified The topic of culture for your country is correctly identified Information has examples, charts, graphs, or pictures relevant to the country 5 Covid Connection Answers the question, “How has the covid-19 response impacted…” Relevant to the topic of culture for you country Websites to use for research Country data - https://www.cia.gov/library/publications/the-world-f
Read more