group assignment south koreas economic situation after the war with north korea
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<span class="text_page_counter">Trang 1</span><div class="page_container" data-page="1">
GROUP ASSIGNMENT
the Korea Economy
Group members: Nguyễn Thành Luân SS171184
Lê Nguyễn Nhật Minh SS171207
-Trần Nguyên Khôi SS171304
Bùi Nguyễn Quốc Huy SE173128
</div><span class="text_page_counter">Trang 2</span><div class="page_container" data-page="2">1. South Korea's economic situation after the war with North Korea…..7
2. Samsung's Role in the Miracle of the Han River……….8
IV. Samsung's Influence on the Korean Economy………...9
1. Samsung's losses after 14 years………....9
2. Korean economy after the losses of Samsung……….11
V. Conclusion………..13
VI. References……….14
</div><span class="text_page_counter">Trang 3</span><div class="page_container" data-page="3">I. Terms used in Article
1. GDP (Grossdomesticproduct):GDPmeasuresthemonetaryvalueoffinalgoodsandservices—thatis,thosethatareboughtbythefinaluser—producedinacountryinagivenperiodoftime(sayaquarterorayear).
2. Nominal gross domestic product (GDP) isGDPgivenincurrentprices,withoutadjustmentforinflation.
3. Gross national product (GNP) isanestimateofthetotalvalueofallthefinalproductsandservicesturnedoutinagivenperiodbythemeansofproductionownedbyacountry'sresidents.
4. CPI: The Consumer Price Index (CPI) isameasureoftheaveragechangeovertimeinthepricespaidbyurbanconsumersforamarketbasketofconsumergoodsandservices.
5. Inflation isariseinprices,whichcanbetranslatedasthedeclineofpurchasingpowerovertime.Therateatwhichpurchasingpowerdropscanbereflectedintheaveragepriceincreaseofabasketofselectedgoodsandservicesoversomeperiodoftime.
6. Exports:Export refers toa product or service produced in one countrybut sold to a buyer abroad.
7. A mixed economic systemisasystemthatcombinesaspectsofbothcapitalismandsocialism.Amixedeconomicsystemprotectsprivatepropertyandallowsalevelofeconomicfreedomintheuseofcapital,
</div><span class="text_page_counter">Trang 4</span><div class="page_container" data-page="4">II. Introduction1. Korea.
TheKoreaneconomyisahighlydevelopedmixedeconomycharacterizedbyconglomeratesownedbywealthyfamiliesknownasChaebol.SouthKoreaisthe4thlargesteconomyinAsiaandthe10thlargest intheworldbynominalGDP.Thisisafamouscountryknowntomanypeopleforitsmiraculouseconomicgrowthfromoneofthepoorestcountriesintheworldtoahigh-incomedevelopedcountryinjustafewgenerations.
KeyInformationaboutSouthKoreaNominalGDPGrowthSouthKoreaNominalGDPGrowthwasreportedat2.179%inMar2023.
</div><span class="text_page_counter">Trang 5</span><div class="page_container" data-page="5">2. Samsung
Oneofthemostwell-knownandinfluentialcompaniesinKoreaisSamsung.SamsungGroupisamultinationalconglomeratethatwasfoundedin1938.Ithassincegrowntobecomeoneoftheworld'slargesttechnologycompanies,offeringawiderangeofproductsandservicesacrossvariousindustries.SamsungElectronics,asubsidiaryofSamsungGroup,isparticularlyfamousforitsconsumerelectronics,includingsmartphones,televisions,homeappliances,andmore.Thecompany'sinnovativetechnologyandhigh-qualityproductshavemadeitaglobal
</div><span class="text_page_counter">Trang 6</span><div class="page_container" data-page="6">In2021,therevenueofthe15largestaffiliatedcompaniesoftheSamsungGroupaccountedforabout20.3%ofKorea'sGrossDomesticProduct(GDP).
</div><span class="text_page_counter">Trang 7</span><div class="page_container" data-page="7">III. Content
1. SouthKorea'seconomicsituationaftertheWarwithNorthKoreaAfterthewarwithNorthKorea,SouthKorea'seconomyunderwentaremarkabletransformation.
Overall,SouthKorea'seconomicdevelopmentpost-warisconsideredremarkable.
</div><span class="text_page_counter">Trang 8</span><div class="page_container" data-page="8">2. Samsung'sRoleintheMiracleoftheHanRiver.
IndustrialDiversification:Samsung'sexpansionintodiverseindustries,includingelectronics,shipbuilding,construction,andmore,helpeddiversifySouthKorea'sindustrialbase,suchasrefrigerators,washingmachines,andairconditioners.
</div><span class="text_page_counter">Trang 9</span><div class="page_container" data-page="9">IV. Samsung's Influence on the Korean Economy1. Samsung'slossesafter14years
SamsungElectronicsrecentlyreportedsignificantlossesafter14years,whichhashadanimpactontheKoreaneconomy.Inthefirstquarter,thecompany'soperatingprofitdroppedto640.2billionwon,adecreaseof96%comparedto
</div><span class="text_page_counter">Trang 10</span><div class="page_container" data-page="10">Samsung'ssuccesshascontributedsignificantlytoGDPgrowth,jobcreation,andexportrevenues.Itsdiversebusinesssegments,includingelectronics,shipbuilding,construction,andmore,havebeeninstrumentalindrivingeconomicdevelopmentinSouthKorea.
</div><span class="text_page_counter">Trang 11</span><div class="page_container" data-page="11">2. KoreaneconomyafterthelossesofSamsung
ThatwouldbeSamsung'slowestprofitinanyquartersincea590billionwonprofitinthefirstquarterof2009,thecompany'sdatashowed.
</div><span class="text_page_counter">Trang 12</span><div class="page_container" data-page="12">"Withweaknessinglobaldemand,thedowncycleinchipsandelectronics,andChina'sgradualrecovery,SouthKoreanexportswillstruggleuntilthesecondhalfofthisyear,"DaveChia,associateeconomistatMoody'sAnalytics”
</div><span class="text_page_counter">Trang 13</span><div class="page_container" data-page="13">Thecentralbankexpectstheeconomytogrow1.6%in2023,slowingfromlastyear's2.6%expansion.V. Conclusion.
ManyexpertsalsoadvisethattheKoreangovernmentshouldcreatefavorableconditionsforpromisingbusinessesindifferentfields.InordertoavoiddependenceonasinglecorporationManyexpertsalsoadvisethattheKoreangovernmentshouldcreatefavorableconditionsforpromisingbusinessesindifferentfields.Inordertoavoiddependenceonasinglecorporation
</div><span class="text_page_counter">Trang 14</span><div class="page_container" data-page="14">VI. References
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