SOUTH KOREA

KHAIRIFAIZALPRIDIV

INTRODUCTION

The Korean flag is called "Taegeukgi" in Korean. Its design symbolizes the principles of the yin and yang in Oriental philosophy.

The national flower of Korea is the mugunghwa (rose of sharon).

The flower itself symbolic significance stems from the Korean word mugung, meaning immortality.

The currency of Korea is won (1000 won equal to RM2.78)

CAPITAL OF SOUTH KOREA: SEOUL

MATRADE - SEOUL, SOUTH KOREA

Embassy of Malaysia(Trade & Investment Section)17th Floor, SC First Bank Building100, Gongpyeong-dong Jongno-guSeoul 110-702Republic of Korea Mr. A. Rashid Mohd

Zain

Economy Over the past several decades, the

Republic of Korea has achieved a remarkably high level of economic growth

South Korea is the United States' seventh-largest trading partner and is the 15th-largest economy in the world.

In early 1960s, The government carried out a currency reform, strengthened financial institutions, and introduced flexible economic planning

In the 1970s Korea began directing fiscal and financial policies toward promoting heavy and chemical industries, consumer electronics, and automobiles.

In recent years, Korea's economy moved away from the centrally planned, government-directed investment model toward a more market-oriented one.

ECONOMIC ACTIVITIES

AGRICULTURE:rice, root crops, barley, vegetables,

fruit; cattle, pigs, chickens, milk, eggs; fish

INDUSTRIES:electronics, telecommunications,

automobile production, chemicals, shipbuilding, steel

TRADE

Bilateral trade between Malaysia and South Korea has been growing with total trade at US$12.7 billion last year compared with US$10.4 billion in 2005.

South Korea and Malaysia agreed to push for a bilateral free trade agreement (FTA) and step up cooperation on energy and defense.

SOUTH KOREAN IMPORTS

Imports: $417.9 billion (2010 est.)country comparison to the world: 10

machinery, electronics and electronic equipment, oil, steel, transport equipment, organic chemicals, plastics

China 16.8%, Japan 15.3%, US 9%, Saudi Arabia 6.1%, Australia 4.6% (2009 est.)

SOUTH KOREAN EXPORTS

Exports: $466.3 billion (2010 est.) country comparison to the world

semiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships, petrochemicals

China 23.2%, US 10.1%, Japan 5.8%, Hong Kong 5.3% (2009 est.)

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THANKS..HANSAMIDA…