Economy Of Korea
Economy of Korea may refer to: *Economy of South Korea *Economy of North Korea The economy of North Korea is a centrally planned economy, following ''Juche'', where the role of market allocation schemes is limited, although increasing. , North Korea continues its basic adherence to a centralized command economy. With a ... {{disambig ...
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Economy Of South Korea
The economy of South Korea is a Developed country, highly developed mixed economy. By nominal GDP, it has the List of countries by GDP (nominal), 5th largest economy in Asia and the List of countries by GDP (nominal), 13th largest in the world. South Korea is notable for its rapid economic development from an underdeveloped nation to a Developed country, developed, World Bank high-income economy, high-income country in a few generations. This economic growth has been described as the Miracle on the Han River, which has allowed it to join Organisation for Economic Co-operation and Development, OECD and the G-20 major economies, G-20. South Korea still remains one of the fastest growing developed countries in the world, following the Great Recession. It is included in the group of Jim O'Neill, Baron O'Neill of Gatley#Next Eleven, Next Eleven countries as having the potential to play a dominant role in the global economy by the middle of the 21st century. South Korea's Education ...
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