Write a brief summary of the economic system of the Chaebols: South Korea is the fourth-largest
country: Identify and explain the type of economic system economy in Asia and the 11th largest in the world.
family conglomerates.
Select three key economic indicators such as poverty The agricultural sector employs about 12 per
rates, labor distribution, use of resources, etc. and cent of the Labour force, or 6 per cent of the
analyze what this information says about the country, economy. Fishing is especially important
how does it compare to other countries, change over because koreans usually eat more fish than
Trading Economics.
identify the GDP - per capita for the country. GDP: $33,200. This is a high number
compared to other countries, as South Korea's
high output ranks 15th in GDP and 12th in
purchasing power.