GROUP ASSIGNMENTthe Korea EconomyGroup members: Nguyễn Thành Luân SS171184Lê Nguyễn Nhật Minh SS171207-Trần Nguyên Khôi SS171304Bùi Nguyễn Quốc Huy SE173128... South Korea''''s economic sit
Trang 1GROUP ASSIGNMENT
the Korea Economy
Group members: Nguyễn Thành Luân SS171184
Lê Nguyễn Nhật Minh SS171207
-Trần Nguyên Khôi SS171304
Bùi Nguyễn Quốc Huy SE173128
Trang 21 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
Trang 3I 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,
Trang 4II Introduction1 Korea.
TheKoreaneconomyisahighlydevelopedmixedeconomycharacterizedbyconglomeratesownedbywealthyfamiliesknownasChaebol.SouthKoreaisthe4thlargesteconomyinAsiaandthe10thlargest intheworldbynominalGDP.Thisisafamouscountryknowntomanypeopleforitsmiraculouseconomicgrowthfromoneofthepoorestcountriesintheworldtoahigh-incomedevelopedcountryinjustafewgenerations.
KeyInformationaboutSouthKoreaNominalGDPGrowthSouthKoreaNominalGDPGrowthwasreportedat2.179%inMar2023.
Trang 52 Samsung
Oneofthemostwell-knownandinfluentialcompaniesinKoreaisSamsung.SamsungGroupisamultinationalconglomeratethatwasfoundedin1938.Ithassincegrowntobecomeoneoftheworld'slargesttechnologycompanies,offeringawiderangeofproductsandservicesacrossvariousindustries.SamsungElectronics,asubsidiaryofSamsungGroup,isparticularlyfamousforitsconsumerelectronics,includingsmartphones,televisions,homeappliances,andmore.Thecompany'sinnovativetechnologyandhigh-qualityproductshavemadeitaglobal
Trang 6In2021,therevenueofthe15largestaffiliatedcompaniesoftheSamsungGroupaccountedforabout20.3%ofKorea'sGrossDomesticProduct(GDP).
Trang 7III Content
1 SouthKorea'seconomicsituationaftertheWarwithNorthKoreaAfterthewarwithNorthKorea,SouthKorea'seconomyunderwentaremarkabletransformation.
Overall,SouthKorea'seconomicdevelopmentpost-warisconsideredremarkable.
Trang 82 Samsung'sRoleintheMiracleoftheHanRiver.
IndustrialDiversification:Samsung'sexpansionintodiverseindustries,includingelectronics,shipbuilding,construction,andmore,helpeddiversifySouthKorea'sindustrialbase,suchasrefrigerators,washingmachines,andairconditioners.
Trang 9IV Samsung's Influence on the Korean Economy1 Samsung'slossesafter14years
SamsungElectronicsrecentlyreportedsignificantlossesafter14years,whichhashadanimpactontheKoreaneconomy.Inthefirstquarter,thecompany'soperatingprofitdroppedto640.2billionwon,adecreaseof96%comparedto
Trang 10Samsung'ssuccesshascontributedsignificantlytoGDPgrowth,jobcreation,andexportrevenues.Itsdiversebusinesssegments,includingelectronics,shipbuilding,construction,andmore,havebeeninstrumentalindrivingeconomicdevelopmentinSouthKorea.
Trang 112 KoreaneconomyafterthelossesofSamsung
ThatwouldbeSamsung'slowestprofitinanyquartersincea590billionwonprofitinthefirstquarterof2009,thecompany'sdatashowed.
Trang 12"Withweaknessinglobaldemand,thedowncycleinchipsandelectronics,andChina'sgradualrecovery,SouthKoreanexportswillstruggleuntilthesecondhalfofthisyear,"DaveChia,associateeconomistatMoody'sAnalytics”
Trang 13Thecentralbankexpectstheeconomytogrow1.6%in2023,slowingfromlastyear's2.6%expansion.V Conclusion.
ManyexpertsalsoadvisethattheKoreangovernmentshouldcreatefavorableconditionsforpromisingbusinessesindifferentfields.InordertoavoiddependenceonasinglecorporationManyexpertsalsoadvisethattheKoreangovernmentshouldcreatefavorableconditionsforpromisingbusinessesindifferentfields.Inordertoavoiddependenceonasinglecorporation
Trang 14VI References