South Korea

South Korea has a high-income, technologically advanced economy whose transformation from war-ravaged poverty in the 1950s into a global industrial powerhouse — the 'Miracle on the Han River' — is among the most dramatic in modern history.

Led by giant family conglomerates such as Samsung and Hyundai, it is an export champion in electronics, cars, and ships, and a global force in technology and popular culture.

Key Sectors

Key sectors include semiconductors and electronics (Samsung, SK Hynix), automobiles (Hyundai-Kia), shipbuilding (a world leader), steel, petrochemicals, and a globally influential cultural industry.