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In 2010, South Korea made an economic rebound with a growth rate of 6.1%, signaling a return of the economy to pre-crisis levels. South Korea's export has recorded $424 billion in the first eleven months of the year 2010, already higher than its export in the whole year of 2008.
North Korea's nominal gross national income in 2023 was estimated to be 1.59 million won ($1,147.56) per capita, equivalent to just 3.4% of the South's 47.25 million won.
Until the 1960s, North Korea's economy grew much faster than South Korea's. Although North Korea was behind in total national output, it was ahead of South Korea in per capita national output, because of its smaller population relative to South Korea. For example, in 1960 North Korea's population was slightly over 10 million people, while South ...
There are currently 47,406 Korean Americans residing in South Korea, up from 35,501 in 2010, according to data from the Ministry of Justice. They are driving the record high number of diaspora ...
North Korea's food situation is "still bad" despite an uptick in trade with China, the South's unification minister, charged with handling relations with its neighbour, said on Monday. The North ...
In 2018, the unemployment rate in the Republic of Korea hit its highest level since the Global Financial Crisis, peaking at 4.4 percent. [1] At the end of 2021, the rate was down to 3.7 percent. [1] This was in line with the rate of the previous two decades. Unemployment in South Korea is measured by Statistics Korea. The definition of an ...
SEOUL, South Korea (AP) — North Korean leader Kim Jong Un has acknowledged his country was facing the “worst-ever situation” as he addressed thousands of grassroots members of his ruling ...
Globalization in South Korea started after the Asian Economic Crisis. The economic crisis during 1997–1998 had created economic regression in Asia, including South Korea. South Korea had a high debt-equity ratio followed by low profitability due to inconsistency in corporate governance, which was the major obstacle.