Tag Archives: South Korea

According to allcountrylist, South Korea is a small but highly developed East Asian country with a population of around 51.5 million people and a nominal GDP of 1.6 trillion USD. The economy of South Korea is dominated by the services sector, which accounts for 61% of GDP and includes activities such as banking, insurance, real estate and business services, as well as retail and wholesale trade. The manufacturing sector accounts for 30% of GDP and includes industries such as electronics, shipbuilding, chemicals, automotive components and metal products. The primary sector makes up 9% of GDP and includes activities such as agriculture, forestry and fishing. Agriculture is particularly important to the economy, accounting for around 10% of total export earnings. Livestock production is also significant in South Korea, accounting for around 3% of total export earnings. The government has put in place several initiatives to promote economic growth in South Korea such as encouraging foreign investment through tax incentives & grants as well as investing in infrastructure projects such as roads & ports. Additionally, they are also members of several regional trade agreements including ASEAN which provides preferential access to markets in Southeast Asian countries for certain goods originating from eligible countries including South Korea. They are also members of several international organisations such as WTO which promotes free trade between member countries worldwide thereby increasing access to markets outside its own borders. The history of South Korean agriculture dates back to the Paleolithic period when the region was inhabited by hunter-gatherers. These early inhabitants relied on wild plants and animals for subsistence, while also cultivating crops such as millet, sorghum and rice. This agricultural system was further developed during the Three Kingdoms period (57 BCE-668 CE) when there was an increase in population and a shift towards more intensive farming practices. It is during this time that new crops such as pulses, legumes and vegetables were introduced. During the Joseon Dynasty (1392-1897), there were further advances in agricultural technology with the introduction of modern tools such as plows, hoes and oxen for tilling the land. In addition to this, irrigation systems were developed which allowed for more efficient water management practices. The introduction of these innovations led to an increase in crop yields which helped feed a growing population while also providing surpluses which could be sold or traded at markets. In more recent times, South Korean agriculture has undergone significant transformation due to rapid industrialisation and urbanisation. This has resulted in a shift away from traditional farming systems towards large-scale commercialised operations with an emphasis on export markets. In order to improve productivity levels within this sector, there have been efforts to introduce modern technology such as improved irrigation systems and mechanisation. There is also a focus on sustainable agricultural practices that promote soil health while reducing environmental damage caused by chemical fertilisers and pesticides. Furthermore, there are initiatives being undertaken to diversify crop selection in order to reduce risks associated with monoculture farming systems. These efforts are being supported by government subsidies which are helping farmers gain access to inputs such as fertilisers, seeds and machinery as well as greenhouses for growing vegetables out of season. See collegesanduniversitiesinusa for South Korea Education and Training.