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During the 1960s, the Republic of Korea had experienced rapid economic growth following the assumption of power by General Park. The dirigisme policies instated by Park—nationalization of the country's banking system, and directing cheap credit to the export sector—had produced rapid development in the textiles and apparel industries.
The second five-year plan sought to shift the South Korean state into heavy industry by making South Korea more competitive in the world market, which was incorporated into all future five-year plans. The industry was based on the steel and petrochemical industry. The major highways were built for easier transportation. U.S.-China's opening up ...
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies. The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ...
Included in this number, the government nationalized 245 enterprises in 11 industries: 76 jute mills, 52 textile mills, 30 textile tanneries, 17 engineering companies, 16 food producers, 15 sugar mills, 10 paper industry companies, 9 companies within the fertilizer, pharma and chemical industries, 8 steel companies, 6 oil and gas companies, and ...
The automotive line is a key sector in South Korea's industry. The automobile industry was one of South Korea's major growth and export industries in the 1980s. By the late 1980s, the capacity of the South Korean motor industry had increased more than fivefold since 1984; it exceeded 1 million units in 1988.
POSCO (formerly Pohang Iron and Steel Company) is a South Korean steel manufacturer headquartered in Pohang, South Korea.It had an output of 42,000,000 metric tons (41,000,000 long tons; 46,000,000 short tons) of crude steel in 2015, making it the world's sixth-largest steelmaker by this measure. [2]
LG 4K Curved OLED TV Busan is the center of South Korea's exports. In terms of industry share in South Korea's exports in 2015, electronics, including semiconductors, wireless communication devices, flat panel displays, computers, and home appliances, topped the list with 27.6 percent, followed by automobiles and auto parts with 13.5 percent. [19]
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