After the rise of trade exchange between Egypt and Korea .. 6 Important information on the economy, "Seoul"

Policy

A report issued by the Export and Import Control Authority revealed that exports of South Korea increased by 247.7% in 2018 to reach 313 million dollars, compared to 90 million dollars in 2017, while Korean imports to Egypt increased to 1.8 billion dollars In 2018 instead of 1.3 billion dollars in 2017, thus increasing the total trade between Egypt and South Korea to record 2.2 billion dollars or 2018 compared to 1.4 billion dollars in 2017. The following are the 10 important information on the South Korean economy:

1. South Korea ranks 12th among the top 20 countries in terms of GDP.

2. South Korea's gross domestic product [GDP] is about 1655 billion dollars, according to IMF estimates in 2018.

3. South Korea has an economy that was among the fastest growing economies between the 1960s and 1990s in the 20th century and the beginning of this century.

4. South Korea has heavy industries such as shipbuilding, automobiles, electronics, steel, steel and textiles.

5. In 1971, South Korea launched a campaign called "The New Community" with the slogan "diligence, self-reliance and cooperation", which has had a significant impact on the growth of its economy.

6. Korea has an area of ​​about 100,000 square kilometers, and although about 70 percent is mountainous, it is among the world's top 20 economies.