North Karelia University of Applied Sciences

Topics: South Korea, Korean Peninsula, North Korea Pages: 3 (782 words) Published: December 6, 2012
North Karelia University of Applied Sciences

Global Business Environment Assignment
Lecturer: Ari Steenros

Mai Pham Ha Linh1101636
Vu Thi Ngoc Bich 1101651
Ngo Thu Ngan
Veera Jaatinen
Jenna Hofforén
I. Introduction
South Korea is country in Eastern Asia, occupying the southern part of the Korea Peninsula; with the official currency is Won (KRW). Its borders are Sea of Japan, the Yellow Sea and North Korea. South Korea’s terrain is mainly mountainous. The government system is a republic, with the head leader of it is Prime Minister, and the chief of state is the President. The economic system of South Korea is a mixture of different kinds of private freedom, combine with the centralized economic planning and government regulation. South Korea is a member of Asian Pacific Economic Cooperation (APEC).

II. Background
1. Geography
The official name is Republic of Korea, locates in the East of Asia, and belongs to the south of Korean Peninsula, with the total area of 98,480 square kilometers (108th in the world). Its neighbors are China to the West, Japan to the East, and North Korea to the North. Capital of South Korea is Seoul with the population is believed to be around 10.5 million citizens, and some other big major cities are Busan (3.6 million), Daegu (2.5 million), Incheon (2.7 million), Gwangju (1.4 million), Daejeon (1.4 million), Ulsan (1.1 million). The terrain of South Korea are partially forested mountain ranges separated by deep, narrow valleys; cultivated plains along the coasts, particularly in the west and south. Temperate is the climate of South Korea, it has 4 clearly different seasons in a year, spring and autumn are quite short, summer is hot and wet, winter is cold, dry and snowfall. 2. People

The population of South Korea is estimated around 49 million people with the annual population growth rate is about 0.23% (2011). Korea's population is one of the most ethnically and linguistically homogenous in the...
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