"a significant share of South Korea's GDP. It is estimated that the game market pulls in approximately 5 billion dollars annually along with the millions of dollars that are also traded in illegal gambling and betting that stimulates South Korea's informal economy. Due to the huge popularity of e-sports in South Korea the World Cyber Games was made in 2000. The Republic of Korea's Ministry of Culture and Tourism, Ministry of Information and Communications, Samsung, and Microsoft are the original sponsors. The WCG is considered to be the ""Olympics of the online gaming world"". The games draw around 500 pro-gamers"
"13th and 36th largest construction companies). Other notable subsidiaries include Samsung Life Insurance (the world's 14th largest life insurance company), Samsung Everland (operator of Everland Resort, the oldest theme park in South Korea) and Cheil Worldwide (the world's 15th largest advertising agency measured by 2012 revenues). Samsung has a powerful influence on South Korea's economic development, politics, media and culture and has been a major driving force behind the ""Miracle on the Han River"". Its affiliate companies produce around a fifth of South Korea's total exports. Samsung's revenue was equal to 17% of South Korea's $1,082 billion GDP. According to"
"culture. Massive market concentration exists as is evident from the fact that 80% of the country's GDP is derived from the chaebol. The largest of the group, Samsung, exports 20% of South Korea's goods and services alone. Although no longer financially supported by the government, these firms have attained economies of scale on such a massive level that it is extremely difficult for a startup or small or medium enterprise (SME) to surmount the high barriers to entry. A majority of these smaller companies end up being acquired by the chaebol, only increasing their size and economic dominance. In recent"
"Investigations also exposed widespread corruption in the chaebol, particularly fraudulent accounting and bribery. Still, South Korea recovered quickly from the crisis, and most of the blame for economic problems was shifted to the IMF. The remaining chaebol have grown substantially since the crisis, but they have maintained far lower debt levels. In 2014, the largest chaebol, Samsung, composed about 17% of the South Korean economy and held roughly US$17 billion in cash. However, recent financial statements of these chaebols actually show that chaebols are slowly losing power over either international competition or internal disruptions from newly emerging startups. Net profit/income"
"Korea Electric Power Corporation Korea Electric Power Corporation (, ), better known as KEPCO (Hangul: 켑코) or Hanjeon (Hangul: 한전), is the largest electric utility in South Korea, responsible for the generation, transmission and distribution of electricity and the development of electric power projects including those in nuclear power, wind power and coal. KEPCO is responsible for 93% of Korea's electricity generation. The South Korean government (directly and indirectly) owns a 51.11% share of KEPCO. Together with its affiliates and subsidiaries, KEPCO has an installed capacity of 65,383 MW. On the 2011 Fortune Global 500 ranking of the world's largest"
"Samsung Electronics Samsung Electronics Co., Ltd. (Korean: ""Samsung Jeonja"", Hangul: 삼성전자; Hanja: 三星電子 [literally ""tristar electronics""]) is a South Korean multinational electronics company headquartered in Suwon, South Korea. Through having an extremely complicated ownership structure with some circular ownership, it is the flagship company of the Samsung ""chaebol"", accounting for 70% of the group's revenue in 2012. Samsung Electronics has assembly plants and sales networks in 80 countries and employs around 308,745 people. It is the world's largest information technology company, consumer electronics maker and chipmaker by revenue. As of June 2018, Samsung Electronics' market cap stood at US$325.9 billion."
"and technological sectors, being the world's 5th largest exporter and 8th largest importer. Its export-driven economy primarily focuses production on electronics, automobiles, ships, machinery, petrochemicals and robotics. South Korea is a member of the ASEAN Plus mechanism, the United Nations, Uniting for Consensus, G20, the WTO and OECD and is a founding member of APEC and the East Asia Summit. The name ""Korea"" derives from the name ""Goryeo"". The name ""Goryeo"" itself was first used by the ancient kingdom of Goguryeo in the 5th century as a shortened form of its name. The 10th-century kingdom of Goryeo succeeded Goguryeo, and"
"under the dictatorship of Park Chung-hee where South Korea's economy rapidly grew from industrialisation and the Chaebol corporations such as Samsung and LG. Ever since the industrialization of South Korea's economy, South Korea has placed its focus on technology-based corporations, which has been supported by infrastructure developments by the government. South Korean corporations Samsung and LG were ranked first and third largest mobile phone companies in the world in the first quarter of 2012, respectively. An estimated 90% of South Koreans own a mobile phone. Aside from placing/receiving calls and text messaging, mobile phones in the country are widely used"
"Jones Sustainability Korea Index (DJSI Korea) is derived from the smallest pool of companies, tracking the most sustainable 30 percent of the largest 200 Korean companies. The DJSI Korea was launched in October 2009, along with its subset the Dow Jones Sustainability Korea 20 Index (DJSI Korea 20). As of that date, 41 companies were included in the DJSI Korea. DJSI Korea 20 encompasses the largest 20 sustainable leading companies in the region. The index encompasses a smaller region than the other indexes resulting in a higher percentage of companies analyzed and a lower number of companies that are reviewed"
"rapid economic growth, for example, the state provided long-term loans for industries with higher competence in global market which eventually increased the exporting sector (Chibber, 2014).Under Park Chung Hee's leadership, South Korea in 1960's created Economic Planning Board (EPB) which unified previously divided industries and created a centralized decision making state. Korea has been called one of ""Asia's four little dragons"" or Four Asian Tigers with its prominent economic growth (The other three being Taiwan, Hong Kong and Singapore). Korea’s GDP per capita in 1980 was $1,778.5, which was only a fraction of Japan’s per capita ($9,307.8). In 2014, Korea’s"
"export in the whole year of 2008. The South Korean economy of the 21st century, as a Next Eleven economy, is expected to grow from 3.9% to 4.2% annually between 2011 and 2030, similar to growth rates of developing countries such as Brazil or Russia. The South Korean government signed the Korea-Australia Free Trade Agreement (KAFTA) on December 5, 2013, with the Australian government seeking to benefit its numerous industries—including automotive, services, and resources and energy—and position itself alongside competitors, such as the US and ASEAN. South Korea is Australia’s third largest export market and fourth largest trading partner with"
"of South Korea's (around 51 million). In September 2009, Goldman Sachs published its 188th Global Economics Paper named """"A United Korea?"""" which highlighted in detail the potential economic power of a United Korea, which will surpass all current G7 countries except the United States; including Japan, the United Kingdom, Germany and France within 30–40 years of reunification, estimating GDP to surpass $6 trillion by 2050. The young, skilled labor and large amount of natural resources from the North combined with advanced technology, infrastructure and large amount of capital in the South, as well as Korea's strategic location connecting three economic"
"Grain, while Samsung C&T Corp, Hanjin Transportation Co. and STX Corporation each hold 15 percent. Brooks Automation Asia Co., Ltd. is a joint venture between Brooks Automation (70%) and Samsung (30%) which was established in 1999. The venture locally manufactures and configure vacuum wafer handling platforms and 300mm Front-Opening Unified Pod (FOUP) load port modules, and designs, manufactures and configures atmospheric loading systems for flat panel displays. Company POSS – SLPC s.r.o. was founded in 2007 as a subsidiary of Samsung C & T Corporation, Samsung C & T Deutschland and the company POSCO. Samsung Air China Life Insurance is"
"focuses on expanding wired and wireless telecommunication network penetration rather than the software sector, which creates innovative applications and value-added services. The economy of South Korea is the global leader of consumer electronics, mobile broadband and smartphones. South Korea's LCD TV global market share also jumped to 37 percent in 2009, from 27 percent at the end of 2007, and it will soon replace Japan as the world’s number-one LCD TV supplier. The economy of South Korea ranks No.1 in the world in ICT Development Index 2015 and 2015 Bloomberg Innovation Index. Despite the South Korean economy's high growth potential"
"Korea Tobacco & Ginseng Corporation KT&G (originally ""Korea Tobacco & Ginseng"" and later ""Korea Tomorrow & Global Corporation"", Korean : 한국담배인삼공사, Hanguk Dambae Insam Gongsa, ) is the leading tobacco company in South Korea with annual sales over $4 billion USD. KT&G was originally a government-owned monopoly but was privatized and today is publicly traded, competing for market share with other international tobacco firms such as Philip Morris International, British American Tobacco, and Japan Tobacco. KT&G’s sales volume share was 62% of the Korean market in 2009. KT&G produces popular Korean cigarette brands such as: The One, Indigo, Arirang, This,"
"billion, much of it to China. In 2016 it was estimated that coal shipments to China accounted for about 40% of exports. However, starting from February 2017 China suspended all North Korean coal imports, although according to China overall trade with North Korea increased. North Korea has a proficient information technology industry. In 2018, a technological exhibition unveiled a new wi-fi service called Mirae (""Future""), which allowed mobile devices to access the intranet network in Pyongyang. The exhibition also showcased a home automation system using speech recognition in Korean. North Korea's cartoon animation studios such as SEK Studio sub-contract work"
"in, into or out of South Korea have been announced, which sum up to a total value of over 941. bil. USD. The year 2016 has been the year with the largest deal value (1,818 in bil. USD) and the most number of deals (82,3). Target industries are distributed very evenly with no industry taking a larger share than 10%. The top three target industries are Electronics (9.7%), Semiconductors (9.1%) and Metals and Mining (7.7%). However, over 51% of the acquiring companies originate from the financial and brokerage sector. Here is a list of the top 10 deals: Economy of"
"Economy of South Korea The economy of South Korea is the 4th largest in Asia and the 11th largest in the world. It is a mixed economy dominated by family-owned conglomerates called chaebols, however, the dominance of the chaebol is unlikely to last and at engenders risk of slowing down the transformation of Korean economy for the benefit of future generations. South Korea is known for its spectacular rise from one of the poorest countries in the world to a developed, high-income country in just a few generations. This economic growth is called by some a miracle, and described as"
"Engineering and Samsung C&T (respectively the world's 35th- and 72nd-largest construction companies),Samsung Electro-Mechanics Co. Ltd. (Established in 1973, Samsung Electro-Mechanics has become a remarkable developer and manufacturer of key electronic components not only in Korea but also in other parts of the world) and Samsung Techwin (a weapons technology and optoelectronics manufacturer). Other notable subsidiaries include Samsung Life Insurance (the world's 14th-largest life insurance company), Samsung Everland (operator of Everland Resort, the oldest theme park in South Korea) and Cheil Worldwide (the world's 19th-largest advertising agency measured by 2010 revenues). Samsung produces around a fifth of South Korea's total exports"
"South Korea Cheon-an Factory completion In 1993 the company changed its name from Seotong P&G to Korea P&G; with its capital increasing to 107 billion KRW. In 1997 Korea P&G merged with SsangYong Paper Co. Exports exceeded 70 million USD in 1999. As of 2017, the products that the company produces are SK-II, Febreze, Gillette, Whisper, and Downy. Hankook P&G Korea P&G (hangul:한국피앤지) is a Korean consumer goods company headquartered in Yeoksam-dong, Gangnam-gu, Seoul, Korea. It is a subsidiary of the multinational consumer goods company Procter & Gamble. The company was established as Seotong P&G (서통피앤지) in 1989, and changed"
"country's GDP increased from $88 billion to $1,460 billion in the same time frame. In 2009, South Korea officially became the first major recipient of ODA to have ascended to the status of a major donor of ODA. Between 2008 and 2009, South Korea donated economic aid of $1.7 billion to countries other than North Korea. South Korea's separate annual economic aid to North Korea has historically been more than twice its ODA. On June 23, 2012, South Korea became the 7th member of the 20-50 club (A locally defined term with the population surpassing 50 million and maintaining per"
"are 0.08% for banks, 0.15% for financial investment companies, insurance companies and merchant banks and 0.35% for mutual savings banks. The KDIC currently has MOUs on Information Sharing and Mutual Cooperation with nine deposit insurers worldwide. Seoul Guarantee Insurance Company (SGIC, 서울보증보험) is a financial services company incorporated in South Korea. Headquartered in Seoul, SGIC is the largest provider of surety and trade credit insurance. It is fully owned by Korea Deposit Insurance Corporation, a government institution that insures bank deposits. The company was formed after the merger between Hankuk and Korea Fidelity and Surety Corporation during the economic crisis"
"Finance Corporation (26.75%), Hyundai Motor (10%) and Doosan (10%). MEMC's joint venture with Samsung Electronics Company, Ltd. In 1990, MEMC entered into a joint venture agreement to construct a silicon plant in Korea. Samsung buys 10% stake in rival phone maker Pantech. Samsung currently owns 4.19% of Rambus Incorporated. Samsung currently owns 19.9% of the automobile manufacturer Renault Samsung Motors. Samsung currently owns 9.6% of Seagate Technology, making it the second-largest shareholder. Under a shareholder agreement, Samsung has the right to nominate an executive to Seagate's Board of Directors. Samsung owns 3% of Sharp Corporation, a rival company. Samsung Engineering"
"Korea, a maritime logistics hub in Northeast Asia with its world-class mega ports, and a gateway to the Eurasian continent. In 2017, the maritime city recorded a GRDP of USD 758.4 billion with a per capita GRDP of USD 22,000. The city’s economy is made up of the service industry (70.3%), manufacturing (19.8%), construction (5.9%), agriculture & fisheries (0.8%), and other sectors (3.2%). As the 6th largest port in the world, the port of Busan processed 20.47 million TEU of container cargo volume in 2017. The port’s container terminal has 43 berths - 20 berths at the North Port, and"
"Electronics, is now one of the world's leading developers and producers of semiconductors, and was listed in Fortune magazine's list of the 100 largest corporations in the world in 2007. Today Samsung's revenues are now 39 times what they were in 1987, it generates around 20 percent of South Korea's GDP, and Lee is the country's richest man. On April 21, 2008, he resigned and stated: ""We, including myself, have caused troubles to the nation with the special probe; I deeply apologize for that, and I'll take full responsibility for everything, both legally and morally."" On December 29, 2009, the"
"GDP: 14.967%), while maintaining compulsory conscription for men. Consequently, South Korea has the world's seventh largest number of active troops (630,000 in 2017), the world's highest number of reserve troops (7,500,000 in 2017) and the tenth largest defense budget. The South Korean military consists of the Army (ROKA), the Navy (ROKN), the Air Force (ROKAF), and the Marine Corps (ROKMC), and reserve forces. Many of these forces are concentrated near the Korean Demilitarized Zone. All South Korean males are constitutionally required to serve in the military, typically 21 months. Previous exceptions for South Korean citizens of mixed race no longer"
"assemble and fabricate jeepneys and other similar vehicles, using surplus engines and drivetrain parts from Japan. The South Korean automobile industry is today the sixth largest in the World in terms of production volume (concedes to China, United States, Japan, Germany and India only) and the sixth largest in terms of export volume, achieved more than 4.6 million vehicles produced in 2011. South Korea produced more than 4.2 million vehicles in 2016. Fifty years ago, its initial operations were merely the assembling of parts imported from Japan and the United States. The Hyundai Kia Automotive Group is today the second"
"Belgium. South Korean workers are the wealthiest among major Asian countries, with a higher income than Japan and the strongest growth rate in the OECD. More importantly, it has a significantly higher Growth Environment Score (Goldman Sachs' way of measuring the long-term sustainability of growth) than all of the BRICs or N-11s. According to the IMF, South Korea's GDP measured by purchasing power parity is already larger than Canada and Spain. In terms of GDP per capita (PPP), South Korea overtook Spain in 2010. According to Citibank, South Korea will continue by overtaking Germany, Britain, Australia and Sweden by 2020,"
"4.3% in 2014, 8.7% in 2015 to 13.7% in 2016. According to a North Korea economist, the growth rate was 3.7% in 2017, lifting GDP to $29.6 billion in 2018. The Australian government estimated 1.3% growth in 2017, while the South Korean government estimated -3.5%. Beginning in the mid-1920s, the Japanese colonial administration in Korea concentrated its industrial-development efforts in the comparatively under-populated and resource-rich northern portion of the country, resulting in a considerable movement of people northward from the agrarian southern provinces of the Korean Peninsula. This trend did not reverse until after the end (1945) of World War"
"others in which he is involved. Kia Motors sponsors the following sports teams, events and athletes: Kia Motors Kia Motor Corporation (, , ; stylized as KIɅ), headquartered in Seoul, is South Korea's second-largest automobile manufacturer, following the Hyundai Motor Company, with sales of over 3.3 million vehicles in 2015. , the Kia Motor Corporation is minority owned by Hyundai, which owns a 33.88% stake valued at just over US$6 billion. Kia in turn is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% up to 45.37%, totaling more than US$8.3 billion. According to Kia Motors, the"
"Following the Miracle on the Han River, South Korea has been held as an economic model for other developing countriesand acceded to the G20 in November 2010, capping a successful sixty-some years of rebuilding and modernization. Between 1910 and 1945, Korea was a colony of the Japanese Empire. As a result of Japanese capital investment, especially during the 1930s–1940s, it experienced a phase of industrialization, modernization, and economic growth. During the period of Japanese colonialism, eight large companies were founded and other firms grew as a result of aid and foreign-exchange profit. However, the fruits of economic growth were dedicated"
"South Korean GDP, the lowest in the OECD (OECD's average was 2.2%). Welfare for the elderly amounts to 1.6% of GDP as of 2007 (a quarter of the OECD average). Pensions in South Korea are administered by the National Pension Service (NPS), introduced in 1988. Kim reported that in 2002, only 6.5% of the South Koreans over the age of 60 lived on public pensions. About one-fifth of the elderly receive pensions, which is a major factor contributing to the fact that nearly a half of the South Korean elderly live in relative poverty, which is the highest proportion among"
"a 50% plus-one-share majority stake in Hyundai Corporation, and installed new management on January 1, 2010. Hyundai Corporation is Korea’s leading general trading house, providing export and import services across a wide variety of products, including marine vessels, plants and machinery, automobiles, steel and chemical products, electrical systems, renewable energy products and general commodities. Hyundai Corporation recorded sales of ₩41,000,000,000,000 in 2001. It was the highest sales in Korea as a company. Hyundai Corporation was awarded US$25,000,000,000 Export-Tower Award,due to its export was $25,280,000,000 (1999 July-2000 June). During the same period, those the company behind Hyundai Corporation such as Samsung,"