South Korea is the 5th largest export economy in the world and the 3rd most complex economy according to the Economic Complexity Index (ECI). In recent year, South Korea exported $537B and imported $422B, resulting in a positive trade balance of $115B, the GDP of South Korea was $1.38T and its GDP per capita was $34.6k.
South Korea is a major international economic power and has the twelfth largest economy in the world and eleventh largest by purchasing power parity. The economy of South Korea is the fourth largest economy in Asia. It is a mixed economy. South Korea is famous for its spectacular rise from one of the poorest countries in the world to a developed, high-income country. South Korea is the seventh largest exporter and seventh largest importer in the world. South Korea has today the infrastructures to meet a density of population and culture that has the capability to create strong local particularity.
South Korean main industries include textile, steel, car manufacturing, shipbuilding and electronics. South Korea is the world's largest producer of semiconductors. Industry represents approximately 40% of the GDP, while the service sector accounts for almost 60% of South Korea's GDP and employs nearly 70% of the population.
South Korea is the third country in the world to operate a commercial maglev train. There are 103 airports in South Korea and 203 heliports. South Korea has total 105,672 kms of roads.
South Korea is considered one of the most innovation – driven and highly regarded countries in the world with growth and development and the economy is relatively open for foreign trade and investment.