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Transcript of South Korea
KOREA Type of government REPUBLICAN three powers: Executive Judicial Legislative President Lee Myung-bak Pr duction Factors The growth of the industrial sector was the principal stimulus to economic development. As a result, industry altered the country's landscape, drawing millions of laborers to urban manufacturing centers.
Domestic demand for steel products increased because of the high needs of such steel-consuming industries as automobiles, shipbuilding, and electronics.
South Korea was a major producer of electronics, producing color televisions, videocassette recorders, microwave ovens, radios, watches, personal computers, and videotapes. South Korea became the world's sixth largest manufacturer! •Leading producer of ships, including oil supertankers, and oil-drilling platforms. (The industry declined in the mid-1980s because of the oil glut and because of a worldwide recession.) The automobile industry is one of South Korea's major growth and export industries Textiles, clothing, and leather products made up about 24 percent of South Korea's manufacturing output. Economic system “Economic relations between the generations of a single family changed radically in the transition from traditional rural to modern urban society.” ("South Korea - Family and Social Life in the Cities." Country Studies. Web. 16 Mar. 2010) To respond to these changes, the South Korean Government began to consider
setting up an employment insurance system in 1992 called "The South Korean Employment Insurance Act"
The South Korean Employment Insurance System consist of three basic programs:
Job Skill Development The Unemployment Benefits provide cash benefits for the unemployed workers to stabilize their livelihood and to seek early reemployment. The Employment Stabilization Program seeks to improve employment security in the course of structural changes in industries and technologies.
The Job Skill Development Program promotes competitiveness of enterprise, developing the quality of the work force and providing incentives to individual firms to invest in vocational training. FINANCIAL SYSTEM The financial institutions in Korea may be divided into seven categories : 1 A central bank
(which is the “Bank of Korea”) 2 Banking institutions
(including commercial and specialized Banks) 3 Non-bank depository institutions
(including merchant banking corporations, mutual savings banks, credit institutions etc.) 4 Insurance institutions
( regulated by the Insurance Division of the Financial Supervisory Commission). 5 Financial investment business entities 6 Other financial institutions 7 Financial auxiliary institutions. The Central Bank is located at Seoul, which is the largest city in Korea, and its the center of everything from economy and politics to culture and international business. •The family is the most important part of Korean life. • In Confucian tradition, the father is the head of the family and it is his responsibility to provide food, clothing and shelter, and to approve the marriages of family members. It is a system of behaviours and ethics that stress the obligations of people towards one another based upon their relationship. •The eldest son has special duties: first to his parents, then to his brothers from older to younger, then to his sons, then to his wife, and lastly to his daughters. •Family welfare is much more important than the needs of the individual. SOCIAL GROUPS/ GENDER ROLES PRESSURE GROUPS ...Some of the most important pressure groups in South Korea: The “Korea Employers Federation” •Promotes an industrial peace, and argues in favor of the employees´ interests.
•Helps formulating laws and government policies, mediating labor diputes, providing information, training etc. The “Korean Confederation of Trade Unions” •Fights for the abolition of autocratic and tolitarian laws.
•Works to reduce working hours improve working conditions, guerantee employment security and tries to eliminate all forms of discrimination. The South Korean GDP has grown from 10 to 142 trillion won (in current national currency) over the last 15 years, with a 19.8 percent growth rate. South Korea is now the second richest (after Japan) country in Asia! Devastating "Asian Financial Crisis" on the late ’90s.
South Korea ...NOW THE ____South Korea's Type of government: Ethical system, which emphasize moral order. a) Republican b)Pikcachu c) Both ____"What is Confucian?" a) Ethical system b)A song c) South Korea’s traditional food ____South Korea’s Production Factors a) Pokemons, cars, electronics ____ is the largest city in korea a) Chinatown b)Seoul c) El Pueblo Paleta South Korea is _______ richest country in asia.
a) That’s a tricky question because South Korea is poor. b)13th c)Second b)Sushi, rice and textiles c) Electronics, cars, textiles BONUS: Draw your favorite pokemon! REFERENCES:
"South Korea Unemployment Rate - Economy." Index Mundi - Country Facts. Web. 13 Apr. 2010.
"South Korea Inflation Rate (consumer Prices) - Economy." Index Mundi - Country Facts. Web. 11 Apr. 2010
"Seoul, South Korea." AsianInfo.org. Web. 10 Apr. 2010.
"South Korea Guide: Jobs, Employment Possibilities in South Korea: As a Newly Industrializing Economy, South." Expatriates - All You Need to Live, Work and Study Abroad! Expatriate Information, Expats Community and Expat Jobs. Web. 13 Apr. 2010.
"THE BANK OF KOREA #1." THE BANK OF KOREA #2. Web. 13 Apr. 201
Chairman. Korea Emploters Federation. 28 de January de 2010. <http://eng.kef.or.kr/kef.htm>.
SOH, CHUNGHEE SARAH. South Korea. 28 de January de 2010. <http://www.everyculture.com/Ja-Ma/South-Korea.html >.
South Korea. 27 de January de 2010. <http://english.chosun.com/site/data/html_dir/2010/01/21/2010012100281.html>
South Korea Government. 30 de January de 2010. <http://southkoreagovernment.com/government.htm>.
Happy team :D
Melisa Chavez A01138993
Veronica Garza A01139135
Sofia Guzman A01139215