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South Korea has an export economy.

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12y ago
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12y ago

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Q: What type of economy does South Korea have?
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Is South Korea a capitalist?

The economy of South Korea is a capitalist that exists in a mixed economy. The economy system of South Korea, combines both the public and private companies.


What is South Korea's economy based on?

strategy is a comprehensive overhaul of South Korea's economy,


What is the economy in South Korea?

average or command economy.


How would you categorize north Korea and south Korea's economic system?

· North Korea is a planned and isolated economy also they have a lack of arable land. But on the other hand South Korea they have an high-tech modern world economy South Korea joined the trillion dollar club of world economy.


Was North Korea communism or capitalism during the Cold War?

The economy of South Korea is a capitalist that exists in a mixed economy. The economy system of South Korea, combines both the public and private companies.


What type of government is practiced today in South Korea that has seen a huge boom in technologically advanced economy?

South Korea is a capitalist democracy that has limited state involvement in the economic structure. Many attribute this structure of government to the large growth in the South Korean economy.


What is South Korea's GNP?

Try the related link below to information regarding South Korea's economy .


How do the economies of China and North Korea compare to South Korea and Japan's?

China and North Korea have poorer economy compare to South Korea and Japan.


Is south Korea have famine and poor economy?

No. You're thinking of North Korea


How do the governments of north and south Korea affect their economies?

The government of North Korea is mostly closed to the outside world. This makes for a pretty stagnant economy. The government of South Korea is more open, and has a more vibrant economy.


What economy does South Korea have?

manufactoring and trade domante


Country that has a booming capitalist economy?

South Korea