Socio Cultural Analysis Of South Korea
Socio-Cultural Analysis
South Korea has been commended worldwide for having an education system that supported it to transform the country and rapidly grow its economy over the past few decades. Based on the United Nations Educational, Scientific and Cultural Organization (UNESCO) report, they stated that South Korea holds the highest tertiary rates at 97.97 % for the total population, and it was higher than any country in the world (UNESCO, 2014) . Furthermore, according to the latest OECD education report, there are 45% of Koreans among 25 to 64 year-olds that had accomplished tertiary education in 2015 (OCED, 2016). Besides that, the share of attained tertiary education among 25 to 35 year-olds is 69% and it is the highest among other OECD …show more content…
In South Korea, the minimum wage payable is USD5.30 per hour, USD40.66 per day, and USD1219.74 per month. This is much higher than the wages paid by other regions such as Malaysia’s minimum wage payable which is USD1.34 per hour, and USD961 per month. Higher wages show that there are many people willing to work and the continuous flow of workers ensure the flow of production and the balance of output. Moreover, higher wages mean higher income, thus consumption will relatively increase as well, and this will make them require a higher standard of living in South Korea compared to other neighboring …show more content…
It also has the highest number of broadband service per capita in the world and one of the largest producers of computer memory chips and mobile phones such as Samsung and LG. In 2013, there are over 37% and 95% of households who were broadband subscribers. Furthermore, South Korea is the world leader in internet connectivity, by having the world’s fastest average internet connection speed and over 92.4% of the population are internet users. It means that the highly developed internet technology enables the nation to adopt the internet or wireless broadband technologies widely. The country’s internet usage is high across all age groups and more widely used in digital media consumption, online communication and
South Korea has been commended worldwide for having an education system that supported it to transform the country and rapidly grow its economy over the past few decades. Based on the United Nations Educational, Scientific and Cultural Organization (UNESCO) report, they stated that South Korea holds the highest tertiary rates at 97.97 % for the total population, and it was higher than any country in the world (UNESCO, 2014) . Furthermore, according to the latest OECD education report, there are 45% of Koreans among 25 to 64 year-olds that had accomplished tertiary education in 2015 (OCED, 2016). Besides that, the share of attained tertiary education among 25 to 35 year-olds is 69% and it is the highest among other OECD …show more content…
In South Korea, the minimum wage payable is USD5.30 per hour, USD40.66 per day, and USD1219.74 per month. This is much higher than the wages paid by other regions such as Malaysia’s minimum wage payable which is USD1.34 per hour, and USD961 per month. Higher wages show that there are many people willing to work and the continuous flow of workers ensure the flow of production and the balance of output. Moreover, higher wages mean higher income, thus consumption will relatively increase as well, and this will make them require a higher standard of living in South Korea compared to other neighboring …show more content…
It also has the highest number of broadband service per capita in the world and one of the largest producers of computer memory chips and mobile phones such as Samsung and LG. In 2013, there are over 37% and 95% of households who were broadband subscribers. Furthermore, South Korea is the world leader in internet connectivity, by having the world’s fastest average internet connection speed and over 92.4% of the population are internet users. It means that the highly developed internet technology enables the nation to adopt the internet or wireless broadband technologies widely. The country’s internet usage is high across all age groups and more widely used in digital media consumption, online communication and