Driven by aggressive manufacturing oriented towards exports, South Korea economy rose to become the world’s eighth biggest exporter of goods. Clearly considered an advanced economy by international bodies such as the IMF, CIA and World Bank, South Korea’s economic profile has won a string of plaudits, including:
World’s 8th largest exporter: Ahead of the UK, Russia and Canada.
World’s Trading Partner: 3rd largest trader with China and Japan, 7th with the US and 8th with the EU.
World’s largest shipbuilder: including world’s largest shipyard run by Hyundai Heavy Industries.
World’s 5th largest automobile manufacturer: including world’s largest automobile assembly plant (Hyundai Motors).
Asia’s largest oil exporter.
World’s highest internet connectivity or access with one of the fastest networks as well.
World’s largest manufacturer of screen displays (LCD, CRT, Plasma, etc).
World’s fastest increase in patents registered.
World's largest electronics manufacturing firm: Samsung Electronics.
World’s second largest steel maker: POSCO
World’s largest producer of computer memory chips.