South Korean national economy

by yu1119 on 2008-08-21 15:59:13

How is the national economic level of South Korea? Let's take a look! In 1995, South Korea's Gross National Product (GNP) reached 10,000 US dollars. Twelve years later, in 2007, it is expected to reach 20,000 US dollars. Based on a family of four, a household's income could reach 80,000 US dollars. An important factor for the rapid growth of South Korea's GNP within this short period is the will of the South Korean people to overcome the economic foreign exchange crisis (IMF), and the recent decline in exchange rates (appreciation of the Korean won). In other words, it is the result of the diligence and enterprising spirit of the South Korean people, as well as the impact of exchange rate factors from external influences.