Industry

1. What are the main industries in Korea?

The main industries in Korea are electronics and semiconductors. Especially electronics industry of Korea has been the leading industries in the world. For example, Samsung, one of the most famous electronics company in the world, has achieved a better result last two years than Sony or Panasonic in Japan.

2. How have they developed?

They have developed due to various reasons. First, the development could have been achieved through a lot of effort and trials. In order to invent one small chip, they literally have to go through millions and millions of trials. Second, it was also possible with the international affairs like Olympics and World Cup. 1988 Seoul Olympic was the starter to let the world know about Korea better. 2002 World Cup on the other hand, made the image of Korean brand more positive. Thus, the development was the result of these two factors.

3. What's the difference between the heavy industry and light industry?

The difference between the heavy industry and light industry lies in the kinds of products they produce. The heavy industry focuses mainly on the production of cars and ships. On the other hand, the light industry focuses mainly on textiles and other relatively light products.

4. What role does electronic industry play in Korea?

Since electronic industry is the leading industry in Korea, it plays and inevitably important role. Even the country's economy depends on the electronic industry since a very big part of GDP depends on electronic industry.

5. What is the relationship between industry and economy?
Industry and economy has a very close relationship. In other words, industry can be the main cause of a country's economy since it is the biggest part of GDP. For example, when Kia in Korea declared a bankruptcy, whole country got into a big trouble and it took very many years to overcome the hardship.