South Korea: Asian tiger and 13th largest economy in the world

3
South Korea: Asian tiger and 13th largest economy in the world
South Korea: Asian tiger and 13th largest economy in the world

Africa-Press – Angola. The Republic of Korea, also known as South Korea, is the 13th largest economy in the world and considered one of the four “Asian tigers”.

South Korea, Singapore, Taiwan and Hong Kong are considered the Asian tigers due to the “boom” of their economies, between 1960 and 1990, which underwent rapid industrialization and maintained very high growth rates of over 7% per year.

For this and other reasons, Korea is classified as one of the most developed countries in the world by the United Nations, the World Bank and the International Monetary Fund (IMF).

It is also among the most technologically advanced countries and one of the best in communications.

It is the third country with the highest number of broadband Internet users, and is also one of the global leaders in the production of electronic devices, such as semiconductors and cell phones.

It has one of the most advanced infrastructures in the world and is the leader in the shipbuilding industry, led by cutting-edge companies, including Hyundai Heavy Industries.

Officially the Republic of Korea, it is a country in East Asia, located in the southern part of the Korean Peninsula, with an area of ​​100 thousand 339 square kilometers and a population of more than 51 million inhabitants.

It has only one land border, with North Korea, with which it formed a country until 1945. To the east it is limited by the Sea of ​​Japan, to the south by the Korean Strait, which separates it from Japan, and to the west by the Yellow Sea.

Angola/South Korea

Relations between the two countries grew considerably between 2000 and 2020, with notable cooperation.

This period was marked by the opening of the Liaison Office in Seoul, which represented the interests of the Angolan State (December 2004), until the inauguration of the Angolan Embassy in the Republic of Korea (2008) and the opening of the counterpart structure in the Republic of Korea in Angola (2007).

The accreditation of the first Angolan ambassador residing in South Korea also took place during this period (2011), as well as the signing of around a fortnight of legal instruments of cooperation, with emphasis on agreements, protocols, memorandums of understanding, adjustments complementary and verbal processes, instruments that made it possible to encourage exchanges in the various areas.

For More News And Analysis About Angola Follow Africa-Press

LEAVE A REPLY

Please enter your comment!
Please enter your name here