South Korea Program
Bordered by China in the North West and Russia in the North East, Korea is divided into both North (Democratic People’s Republic of Korea) and South Korea (Republic of Korea) by a buffer zone (Korean Dimilitarized Zone). South Korea is known for its mixed economy. Ranked as the 4th largest economy in Asia and the 11th largest in the world, it’s known for its various diverse import and export sectors. What started out as a fully agricultural focused nation, South Korea experienced a boost in their economy thanks to their 1988 Summer Olympics and the 2002 Football World Cup. Currently in the 21st Century, they saw a rise in their IT sector, and now considers themselves a highly established provider of semi-conductors and exporter of various IT products. Their GDP is made up of 55% service industry inclusive of departmental stores, store chains and supermarkets, 40% manufacturing, namely textile, steel, shipbuilding and car manufacturing and 4% agriculture. Being well-versed in the technological and electronic aspects, Korea sees themselves in a futuristic position in the near future, with plans to invest in the robotic industry.
South Korea, is also known for their endless cultural opportunities, unique styles of dance and music, food and history that can be found through the intriguing museums and palaces that surround the areas. It’s also recognized for its nightlife which can be found in Hongdae, Apkujong and Itaewon; each of these areas catering to a specific group of people, be it students, foreigners or younger professionals. Cosmetics are another thing that is well celebrated in Korea together with their shopping culture – be it in traditional markets or shopping malls, both found in the Dongdaemun area.