South Korea is a developed country. It has undergone urbanization and has low mortality and birth rates. It has a high life expectancy and literacy rate and its GDP is $31,700.00 per capita.
A low 2.6% of South Korea's GDP is in the agriculture industry and 39.2% is in the industrial category, but 58.2% of the GDP is from services. Of industries, some common products are electronics, telecommunications, chemicals, steel, shipbuilding, and automobile production. In agriculture, rice, root crops, barley, vegetables, fruit, cattle, pigs, chickens, milk, eggs, and fish are the usual products.
The country imports goods that value up to $524.4 billion, mostly from China, Japan, the United States, Saudi Arabia, and Australia. It exports $556.5 billion worth of goods, the majority of which are sent to China, Japan, and the United States.
Conditions are relatively pleasant for workers. South Korea has a 3.4% unemployment rate and 15% of the population are below the poverty line.
Source: - CIA Factbook
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