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by timely stimulus measures and strong domestic consumption of products that compensated for a drop in exports, 74 was able to avoid a recession unlike most industrialized economies, posting positive economic growth for two. Hansen, Karen; Zenobia, Kent. A downturn in consumer spending was offset by rapid export growth. Korea joining '20-50 club' marks new chapter in development history: gov't - yonhap news". In 1905, following the Russo-Japanese War, Korea became a protectorate of imperial Japan, and in 1910 it was annexed as a colony. Government intervention in the economy was greatly reduced and policies on imports and foreign investment were liberalized to promote competition. Environment current issues: air pollution in large cities; acid rain; water pollution from the discharge of sewage and industrial effluents; drift net fishing. A b c d "English Information_Plaza Trade statistics Import/export By Country". Department of State, Area Handbook of the US Library of Congress Copyright. In December 1999, president Kim Dae-jung declared the currency crisis over. Cambridge: Harvard University Press.

Lee-Jay Cho, Somi Seong, and Sang-Hyop Lee, eds. Ministry of Culture, Sports and Tourism. 70 Exports in autos and semiconductors, two critical pillars of the economy, shrank.9 and.9 respectively, while exports overall fell by a record.8 in January, and.3 in February 2009 year on year.

Seoul: Korea Development Institute. Automobile edit Main article: Automotive industry in South Korea The automobile industry was one of South Korea's major growth and export industries in the 1980s. Economic Development and Authoritarianism - A Case Study on the Korean Developmental State (PDF) (Report). The trade surplus for 1989, however, was only US4.6 billion, and a small negative balance was projected for 1990. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea's development model including high debt/equity ratios, massive foreign borrowing, and an undisciplined financial sector. The country's major shipbuilder was Hyundai, which built a 1-million-ton capacity drydock at Ulsan in the mid-1970s. Seoul Korea GDP trade". New York: Palgrave Macmillan. Coordinates: 37 00 N, 127.

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