South Korea enjoys economic freedom. However, its volatile northern neighbour has a destabilising effect, although relations are improving. Solid handling of the Coronavirus (COVID-19) pandemic could result in the economy to rebound, whilst a major trade deal could boost exports. The society is ageing rapidly and poverty amongst the elderly is high. Nevertheless, rising incomes should support discretionary spending. As a highly technologically-advanced nation, innovation capacity is significant.
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Country Profiles examine the economic and political trends in 210 countries and associated regions, serving as a one-stop-shop for data and analysis on the economy, political landscape and the business environment. This report series allows you to understand the macro-economic environment as a basis for strategic planning.
If you're in the Industry, Infrastructure and Environment industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty
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