Asia’s Economic Outlook for 2012

2. Asia’sEconomic Outlookfor2012

3. Asia Business Forum

4. KOREA: Success Stories and Future Challenges January 31, 2012 Ben Kim Seattle University

5. Korea at a Glance • Population: 48 million • Location: Northeast Asia • between China/Russia and Japan • GDP • GDP (nominal): $ 1.014 trillion in 2010 – 15th in the world according to the IMF • GDP (PPP): $ 1.466 trillion in 2010 – 12th in the world according to the IMF • GDP (nominal) per capita: $ 23,749 in 2011 – 31st in the world according to the IMF • GDP (PPP) per capita: $ 31,753 in 2011 – 25th in the world according to the IMF • Real Growth Rate: 6.1% (2010 est.)

6. Top Countries by Exports (Souce: CIA World Factbook)

7. Imports

8. Countries by Motor Vehicle Production • Source: OrganisationInternationale des Constructeursd'Automobiles

9. WORLD RANKING OF MANUFACTURERS • http://oica.net/wp-content/uploads/ranking-2010.pdf Rank GROUP Total CARS LCV HCV HEAVY BUS Total 77,743,862 60,343,756 13,370,432 3,510,681 518,993 1 TOYOTA 8,557,351 7,267,535 1,080,357 204,282 5,177 2 G.M. 8,476,192 6,266,959 2,197,629 1,175 10,429 3 VOLKSWAGEN 7,341,065 7,120,532 220,533 4 HYUNDAI 5,764,918 5,247,339 393,701 123,878 5 FORD 4,988,031 2,958,507 1,962,734 66,790 6 NISSAN 3,982,162 3,142,126 768,833 71,203 7 HONDA 3,643,057 3,592,113 50,944 8 PSA 3,605,524 3,214,810 390,714 9 SUZUKI 2,892,945 2,503,436 389,509 10 RENAULT 2,716,286 2,395,876 320,410

10. Semiconductor Rankings for 2011 • Source:http://www.isuppli.com/PublishingImages/Press%20Releases/2011-12-01_Market_Share_Table1.jpg (IHS iSuppli December 2011)

11. Shipbuilding • Source: International Trade Centre (ITC)

12. Shipbuilding • Source: http://news.khan.co.kr/kh_news/khan_art_view.html?artid=201110192122065&code=920501)

13. Households with broadband access, 2010 or latest available year Source: OECD, ICT database and Eurostat, Community Survey on ICT usage in households and by individuals, November 2011. http://www.oecd.org/document/54/0,3343,en_2649_34225_38690102_1_1_1_1,00.html

14. Innovation – measured by patents • Source: World Intellectual Property Organization (WIPO) in 2010. • http://en.wikipedia.org/wiki/List_of_countries_by_patents

15. Korean Cultural Exports • - Hallryu • http://www.youtube.com/watch?v=SVg6BpGlMwQ&feature=related • http://www.youtube.com/watch?v=s2EQm6WPMHs&feature=related • http://www.independent.co.uk/arts-entertainment/music/features/kpop-craze-the-k-factor-6267306.html?origin=internalSearch • http://www.nytimes.com/2011/10/25/arts/music/shinee-and-south-korean-k-pop-groups-at-madison-square-garden-review.html?_r=2&scp=1&sq=k+pop&st=cse • http://www.thisislondon.co.uk/lifestyle/article-23993804-london-is-going-k-pop-crazy.do

16. Status of Koreas’ FTA • Source: http://fta.korea.kr/kr/situation/sign/01/

17. Future Challenges • Economic Freedom • Source: http://www.heritage.org/index/ranking.aspx • Moderately free: 31st in the world • Growing (Perceived) Economic Inequality • Growing inequality between MNCs and Small/medium sized companies • Declining birth rates and population • Growing diversity in population • North Korean threat

18. Thanks! • Any Questions?