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Korea is located in Eastern Asia, in the southern half of the Korean Peninsula bordering the Sea of Japan and the Yellow Sea.

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Introduction

South Korea Korea is located in Eastern Asia, in the southern half of the Korean Peninsula bordering the Sea of Japan and the Yellow Sea. It has a total area of 98,480 sq km. It has a temperate climate, with rainfall heavier in summer than winter. It is mostly hills and mountains; with wide coastal plains in west and south. It has an unemployment rate of 3.4%, which is very low, but 4% of people still live below the poverty line. The major cities are Seoul (capital), Pusan, Taegu, Inchon, Kwangju. It has a large labour force of over 22 million workers (1998). South Korea's main natural resources include coal, tungsten, graphite, molybdenum and lead with a large hydropower potential. ...read more.

Middle

South Korea's industry is now made up of; agriculture: 3.6% (primary) industry: 36.4% (secondary) services: 60% (2003 est.) (tertiary & quaternary) This (along with the high GDP) shows that it is now classed as an MEDC, as the predominant industry is in the service sector. The South Korean government has plans to privatize several large state-owned enterprises, including the power generation assets of the state electricity utility, Korean Electric Power Corporation (KEPCO), and the natural gas monopoly Korea Gas Company (KOGAS). The privatization program has moved at a slower pace than originally planned, due in part to strong opposition from labour unions to some of the privatizations and delays in passing implementing legislation. ...read more.

Conclusion

Large diesel buses and trucks, which account for under 10% of all vehicles, nonetheless are responsible for over 40% of total emissions. This has also caused serious acid rain problems. Trans-boundary pollution is also a major concern in the region, leading environmental ministers from South Korea, China and Japan to establish a joint commission to attempt to tackle the problem. Rapid industrialisation has also caused the social problem of rural-urban migration, as young Koreans leave their home farms in order to look for a better job in urban areas. This has lead to the formation of many slum areas in the larger cities, along with deprivation of the rural land The outlook for Korea is very good economically, as it has had a high growth rate for several years now, and will (probably) continue to do so. ...read more.

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