A study of the country of South Korea and the effects of globalisation on this small nation.
This paper begins with a brief description of the country of South Korea, including area size, population, culture, economy and neighbouring regions. The paper then continues with a discussion of the impact of globalisation on South Korea and the part South Korea plays in the global economy. The writer comments on the overall effects of South Korea’s relationship with its northern adversary, North Korea and how this impacts on the globalisation of its economy.
South Korea is found on the southern tip of the Korean peninsula, sharing its only border with North Korea. Other neighbours are Japan, 200 kilometres across Korea Strait, as well as China and Russia only a few hundred kilometres to its north. South Korea’s total land area is 98,190 sq km and total population of 48,289,037. Its natural resources include coal, tungsten, graphite, molybdenum, lead, hydropower potential, and Korea makes $172.6 Billion from exports and spends $160.5 Billion on Imports.