What Do You Know About The Economy Of South Korea?

Seoul is the capital city of South Korea. The economic conditions were slowed down in 2005 as compare to previous year. The Gross Domestic Product was 3.8 percent in 2005 which was 4.6 percent in 2004. South Korea is the world's most active economy.  But the economy is slowing down due to confidence crises.  The consumption of people is affected by the credit crises. Most of the Small Medium Enterprises are going to be bankrupt. The economy is affecting badly due to high oil prices and raw materials.  The ratio of Gross Domestic Product is 3.17 percent which is contributed by the agriculture sector. The main crop of this country is Rice but it also produces vegetables and fruits. Cattle-rearing is one of the large sources.

They have natural resources of gold and silver. The main industries are textiles, steel, industry, automobile manufacturing, shipbuilding and electronics. The South Korea industry is dominant due to "chaebols" which contributes 75 percent of the country exports. The active industries are transportation, electricity and construction.  This is Export Oriented country. It is member of Asia Pacific Economic Cooperation. Its three trade partners are China, United States and Japan. The company has many exports and imports.