Is it possible to preserve traditional Korean culture as South Korea continues to modernize and Westernize? In the 21st century‚ modernity is often equated with capitalism-industrialization‚ though the concept is more complex than that. The idea of modernity can be defined on sociological‚ political and cultural platforms. Modernity is a powerful notion‚ a departure from tradition; driven by political‚ social and economic developments. It is the acceptance that progress is inevitable. Because
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South-North Division in Korea Korea is an East Asian country‚ which is surrounded by the sea on three sides‚ but unfortunately divided into two parts-South Korea and North Korea. Korea is bordered by China on the north and by the navigable Yalu and Tumen Rivers‚ both of which flow from Paektusan‚ the highest point in Korea at 9‚000 feet (Weightman 360). Korea has four seasons and a monsoon climate with warm‚ humid summers and cold‚ dry winters. Continuous rains from June to July are a phenomenon
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1950 when North Korea surprise attacked South Korea. While China fought for North Korea who supported communism‚ the United States backed South Korea who was a non-communist country. Three years after the war started‚ in 1953‚ an armistice was signed and the Korean war
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South Korea: Economic Overview Economic history and projections: The Gross Domestic Product (GDP) in South Korea expanded 0.80 percent in the first quarter of 2013 over the previous quarter. GDP Growth Rate in South Korea is reported by the Bank of Korea. Historically‚ from 1970 until 2013‚ South Korea GDP Growth Rate averaged 1.73 Percent reaching an all time high of 6.80 Percent in March of 1988 and a record low of -7 Percent in March of 1998. South Korea relies mainly on
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South Korea Introduction South Korea is one of the most dynamic countries in the world‚ South Korea has emerged from a chaotic history‚ and has rightfully ascended the ladder to become a world power. Bordering North Korea in the south and separated from China and Japan by the Sea of Japan‚ Yellow Sea and Korea Strait‚ South Korea is an active participant in what is one of Asia’s most historically volatile areas The national flag of Korea is called “Taegeukgi’. According to Korea.net “Its design
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At the end of World War II‚ Korea was a poor former agricultural colony of Japan. But the rapid growth of Korea’s industrial economy has been remarkable. The economy of South Korea is now the third-largest in Asia and the 13th largest in the world by GDP as of 2007. To trace back the economic development of South Korea‚ the former president Park Chung-Hee played a pivotal role‚ and was credited for shifting its focus to export-oriented favoring a few large conglomerates. Unlike his predecessors
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Legal Ramifications South Korea has a free trade image and has strong foreign relationships. Operating in South Korea is normally problem free as a result of the centralization of power in their political system (which will be discussed under political ramifications)‚ which favors consistency and therefore corporations doesn’t have to fear radical legal changes which could harm their position and operation in South Korea. As to the legal aspects in doing business in the country‚ there are only
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International strategic management | South Korea‚ financial crisis | Melissa MactavieJodie MackayTeboho LentoSifiso MashishiKarushka naidoo | South Korea’s current account balance started to deteriorate in 1990‚ due to the rising inflation‚ appreciation of the Korean won and the recession of the world economy. In 1991 the current account recorded a deficit of $8.7 billion‚ which was more than four times the level of the preceding year. The Korean government encouraged capital inflows in order
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Travel and Tourism - South Korea Euromonitor International : Country Market Insight July 2010 Travel And Tourism South Korea List of Contents and Tables Executive Summary ................................................................................................................................................ 1 Decline in Outbound Tourism Continues.................................................................................................................. 1 Domestic Tourism
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Country Notebook for South Korea James Jones Dallas Baptist University Table of Contents Executive Summary 5 Culture Analysis 7 Introduction 7 Brief discussion of the country’s relevant history 7 Geography setting 8 Area Comparative: 9 Land boundaries: 9 Coastline: 9 Climate: 9 Elevation Extremes: 9 Natural Resources: 9 Natural Hazards: 9 Social Institutions 9 Family: 9 Education 10 Literacy Rates 11 Political System 11 Legal System 12 Six Basic Codes
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