|Trends & Perspectives|
Since the 1960s, South Korea has achieved massive growth and global integration to become a high-tech industrialized economy. Today South Korea boasts a GDP of approximately $1.459 trillion, and currently is among the world’s 20 largest economies.
In 2007, the United States and South Korea signed a comprehensive free-trade agreement (FTA). It is the second-largest-ever free-trade agreement for the United States, and the United States’ first FTA with a major Asian economy. It is projected to generate billions of dollars in increased trade and investment between the two nations.
The country’s main industries include electronics, telecommunications, and chemicals.
Source: Central Intelligence Agency’s The World Factbook (online)
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