South Korea Nature & Economy

South Korea's economy has great strength, iron and steel, auto-mobile, shipbuilding, electronics, textiles, etc. are the pillar industries in Korea. Korea was once a traditional agricultural country. With the process of industrialization, agriculture in the Korean economy is getting smaller and smaller in proportion with status growing low. Korea is the main importing countries of agricultural products, imports tend to increase, but its agricultural market to foreign participation are extremely sensitive, is a smaller sector in the degree of opening to the outside world. Korea arable land covers area of 1,950,000 hectares, mainly in western and southern plains, hilly areas, representing about 22% of total land area. Korea has less relatively mineral resources, more than 280 kinds of minerals, of which there are more than 50 kinds with economic value. Those which have the value of mineral exploitation include iron, anthracite coal, lead, zinc, tungsten, etc., but small reserves. Because of lack of natural resources, major industries have come to rely on imported raw materials. Industry Department mainly includes iron and steel, automobile, shipbuilding, electronics, chemical, textile and so on. Pohang Iron and Steel Plant is one of the world's second-largest iron and steel complex. The output of motor vehicle reaches 3.2 million in 2002, ranking sixth in the world. Order standard in vessel shipbuilding tonnage reaches 7,590,000 tons, re-become the first in the world. Electron-intensive industries mainly include high-tech products, one of the world's top ten electronics industry. The semiconductor integrated circuits developed rapidly. In recent years South Korea put importance to IT industry, and constantly increase the input. In scenic Korea, there is lot of cultural and historical heritage. The tourism industry is more developed.



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