Topic > Emerging Markets - 894

IntroductionEmerging markets, also called developing countries, are emerging economies that are investing in additional production capacity. (Amadeo, 2014) South Korea is one of the Asian Tigers along with Hong Kong, Taiwan and Singapore which have free and highly developed economies in the world. It ranked 2nd in the list of emerging markets in 2014 based on average GDP growth, inflation rate, government debt, foreign direct investment, etc. (Bloomberg, 2014)Country ProfileGeographySouth Korea occupies the southern part of the Korean Peninsula, which is a country located at the northeastern tip of the Asian continent, shares the northern border with China and Russia, and juts into Japan in the south -east. It is officially known as the Republic of Korea and its capital and largest city is Seoul. Korea is approximately 1,000 kilometers long and encompasses approximately 222,154 square kilometers in total. The territory of South Korea is predominantly mountainous. (Government, Geography and Climate, 2012) Demographics South Korea is one of the most densely populated countries in the world; the country's population density is approximately 1,271 people per square mile. The current population of the Republic of Korea was approximately 50,004 million people in 2013, which is an increase of approximately 0.45% compared to the population recorded in the last census. The capital is Seoul; it is also the country's largest city and major industrial center. According to the 2013 census, Seoul had a population of 10.1 million. The population has increased due to the country's rapid economic expansion and international migration. (South Korea Population 2013, 2013)CultureKorea is one of the most homogeneous countries in the world. It has its own culture, language, d......middle of paper......ConclusionSouth Korea's economy is characterized by moderate inflation, low unemployment, an export surplus, and a fairly equal income. South Korea remains committed to maintaining global competitiveness. South Korea has opened up to various job opportunities in various sectors. It has a free market economy, which makes it easier to trade with South Korea. Based on expectations of improved export growth and higher government spending along with increased business investment, the Korean economy is expected to expand from 3.5% to 4.0% in 2014 and from 4.0% in 2015. (Corporation, 2014). Furthermore, there are also investor benefits for foreign investment, such as no restrictions on capital inflows, tax exemptions, free trade agreements, etc. All these factors make South Korea an attractive country for foreign investors to invest in..