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  • Essay / Emerging Markets - 894

    IntroductionEmerging markets, also called developing countries, are emerging economies that are investing in increased production capacity. (Amadeo, 2014) South Korea is one of the Asian tigers, along with Hong Kong, Taiwan and Singapore, which have free and highly developed economies in the world. It is ranked 2nd in the list of emerging markets in 2014 based on average GDP growth, inflation rate, public debt, foreign direct investment, etc. (Bloomberg, 2014)Country ProfileGeographySouth Korea occupies the southern part of the Korean Peninsula, which is a country located on the northeastern tip of the Asian continent, shares its northern border with China and Russia and advances towards Japan in the southeast. It is officially known as the Republic of Korea and its capital and largest city is Seoul. Korea is approximately 1,000 kilometers long and covers a total area of ​​approximately 222,154 square kilometers. South Korea's terrain is predominantly mountainous. (Government, Geography and Climate, 2012)DemographicsSouth Korea is one of the most densely populated countries in the world; the country's population density is approximately 1,271 people per square mile. The current population of the Republic of Korea was approximately 50.004 million in 2013, an increase of approximately 0.45% from the population taken in the last census. The capital is Seoul; it is also the largest city and the main industrial center of the country. According to the 2013 census, Seoul had a population of 10.1 million. The population has increased due to the country's rapid economic expansion and international migration. (Population of South Korea 2013, 2013)CultureKorea is one of the most homogeneous countries in the world. It has its own culture, its language, its own...... middle of paper ......ConclusionThe South Korean economy is characterized by moderate inflation, low unemployment, an export surplus and a Fairly equitable distribution of income. South Korea continues to strive to maintain its global competitiveness. South Korea is open to various job opportunities in various industries. Its economy is free market, which facilitates trade with South Korea. Based on expectations of improved export growth and higher government spending as well as higher business investment, the Korean economy is expected to grow by 3.5% to 4.0% in 2014 and 4.0% in 2015. (Corporation, 2014). Moreover, foreign investments also have advantages for investors, such as no restrictions on capital inflows, tax exemptions, free trade agreements, etc. All these factors make South Korea an attractive country for foreign investors..