Globalization: South Korea

Content:

• Basic Information

• History

• Korea’s Globaliation

• Globalization vs culture

Population:

(2010 estimate) 48,875,000 (24th)

GDP (PPP):

$1,457.063 billion (12th)

Per capita $29,791 (26th)

GDP (nominal)

$986.256 billion (14th)

Per capita $20,165 (34th)

Gini (2007) 31.1

Currency South Korean won (₩) (KRW

Brief history

"Hermit Kingdom"

1961. Park Chung-hee, a military person, becomes the second president of South Korea.

1979. President Park is assassinated a year after his reelection; martial law follows for 15 months.

1979. Major General Chun Doo-hwan becomes South Korea's third president and tightens military rule.

1989. Roh Tae-woo, a former military person, becomes South Korea's fourth president.

1993. Kim Young-sam, a civilian, becomes the fifth president of South Kore

Globalization

1960's. South Korea begins its export-driven strategy of industrial growth.

1970's. Production and export of more sophisticated electronics.

1980's. South Korea begins its production and export of more advanced electronics. . Heavy industry

as an important sector.

Exponential growth

Globalization vs culture

“despite the rising globalization

and globalism chorus, deep down Korea remains mired in the cocoon of exclusive cultural

nationalism, [which] acts as a powerful and persistent constraint on the segyehwa drive”

Samuel Kim

Segyehwa

1) overseas Koreans still maintain a strong Korean ethnic identity; 2) globalization, especially through the Internet, would improve communication among Koreans inside and beyond the peninsula; and 3) the combination of the

two could produce a new global Korean network

The 1953 armistice, never signed by South Korea

Member of:

Basic Information

Globalization: South Korea

Daniel Carrasquilla G.

• Founding of Gojoseon in 2333 BC
• Unification of the Three Kingdoms of Korea under Silla 668 AD
• Goryeo Dynasty and Joseon Dynasty as one nation until the end of the Korean Empire in 1910, when Korea was annexed by Japan.

Asia's fourth largest economy and the world's 14th (nominal) or 12th (purchasing power parity) largest economy.

Export-driven economy (mainly electronics, automobiles, ships, machinery, petrochemicals and robotics.

Globalization impact:

• Educacion overseas (even precollege)
• Influx of foreign workers and leading Korean companies
• Organizations as Samsung and LG Electronics operate overseas business, sometimes with a greater number of employees outside than within the country.
• Good test scores in English have become a most important criterion when applying for jobs in Korean companies.

Crisis

Learning from others