Inside Economy of South Korea Crash Courses

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South Korea’s economy is the 4th and 11th largest in Asia and the world respectively. It is a mixed economy which is mostly led by family-owned corporations called chaebols. Nonetheless, the control of the chaebol is not likely to last and it creates the risk of slowing down the revolution of Korean economy into something more beneficial for the future generations. South Korea’s economy is the global front-runner of Consumer electronics, Mobile Broadband and Smartphone.
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