Pest Analysis Of South Korea

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    Economic Comparison of South Korea and Japan

    An Economic Comparison of Japan 日本国 And South Korea 대한민국 Introduction South Korea and Japan have had a close relationship from ancient history to the present day. Because of this reason, their economic growth and development have similarities and disparate differences. This paper will discuss some of the two countries’ major characteristics including geographic, social, and political characteristics and look at their histories and economies. Another reason that it is

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    Pest Analysis

    PEST and PESTLE analysis is a framework used in the environmental scanningcomponent of strategic management. Under PEST and PESTLE analysis are externalfactors which are the major players in the success and failure of an organization. Politicalfactor is the government intervention in the economy. This includes tax policy, labour andenvironmental law, trade restrictions, tariffs, and political stability. Under Economic factor iseconomic growth, interest and inflation rates. These factors directly

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    Walmart in South Korea

    In May 2006, Wal-Mart decided to leave South Korea by selling its 16 stores to a major local discount chain, Shinsegae Co., at $882 million. Wal-Mart’s stores in Korea lost approximately $10 million in 2005 on sales of $720 million. Wal-Mart’s failure in the South Korean market was due to many reasons but the main issue was the ability to adapt to a new culture which Wal-Mart failed to do on many different levels. Although its’ strategy of low costs is a great competitive advantage in numerous markets

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    South Korea:

    South Korea: Korea regained its independence following Japan's surrender to the United States in 1945. After World War II, a Republic of Korea (ROK) was set up in the southern half of the Korean Peninsula while a Communist-style government was installed in the north. During the Korean War (1950-53), U.S troops and UN forces fought alongside soldiers from the ROK to defend South Korea from DPRK attacks supported by China and the Soviet Union. An armistice was signed in 1953, splitting the peninsula

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    Pest Analysis

    By Mashell Chapeyama PEST analysis Pest analysis is a way in which the organization evaluates how it would fare in the environment. With PEST the organization is evaluating critical factors that affect the organization. These factors are: political, economic, socio-cultural and political. This essay is going to discuss these four factors as they affect a company named Chipinge Banana Company, which is found in Zimbabwe. It is a company that specializes in growing and selling of Bananas. These

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    North Korea and South Korea

    After the war between North Korea and South Korea the North stayed communist but the South went back to its natural state meaning that it was not communist. -- Well, North Korea and South Korea went to war in the late 40's or early 50's (before then, Korea was one whole country.). The economy and government are very different between the two countries. South Korea is a perfectly good country. They have cell phones and cars and internet and they're a democracy (things you probably take for granted

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    Education Comparison of South Korea and U.S

    100 Professor Sneeringer December 8, 11 A Contrast of the Education System Between the Republic of South Korea and the United States of America: Which is Superior? "The future belongs to the nation that best educates its citizens” stated President Barak Obama in early 2009 as he delivered a speech to fellow Americans on a new education plan in which he praised and applauded the Republic of South Korea’s education system (Quaid Paragraph 4). Obama expressed his aspiration to lengthen school hours

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    South Korea

    REGIONAL STUDIES PAPER ON SOUTH KOREA 1. Have you ever sat back and wondered what it would be like to live in another country. What is the first thing that comes to mind when you think of South Korea? Most likely it will probably be the Korean War or maybe even the 1988 Olympics. You may even, some day, be stationed there. I personally experienced the country first hand through a tour between 1988 and 1989. Korea is one of our major theaters of operation so it is very important for

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    South Korea Business

    Doing Business in South Korea South Korea has to be classed as one of the world’s great economic success stories. Along with Taiwan, South Korea is the only country which has recorded five consecutive decades of economic growth in excess of 5%. This is an amazing achievement which is the result of careful governmental macro-engineering, sound business practice and sheer hard work from the population at large. Economists feel that, given the lengthy stagflation seen in Japan, that it will

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    Jet.Net Market Entry Into South Korea

    Telecommunications Union. 2003. Broadband Korea: Internet Case Study. South Korea Available at: http://www.itu.int/ITUD/ict/cs/korea/material/CS_KOR.pdf Viewed on 12/10/06 National Internet Development Agency of Korea. 2006. Korea Internet Whitepaper. Seoul, South Korea, Available at: http://eng.mic.go.kr/eng/user.tdf?a=user.board.BoardApp&c=2001&board_id=E_04_03&mc=E_04_03_01&ctx=annual_report Viewed on 9/10/06 National Computerization Authority. 2001. 2001 Korea Internet White Paper. Available

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    Pest Analysis

    both countries are operating in a time of dynamic economic, political, and social changes. However, perceptions of the severity and challenges posed by certain business environment elements differ in the two countries. The World Bank’s Enterprise Analysis Unit surveyed the same group of 319 Afghani firms in 2008 and 2010, as well as a group of 385 Pakistani firms in 2007 and 2010. Survey results show that firm perceptions of the severity and priority of certain business environment elements have changed

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    Pest Analysis

    What is PEST Analysis? A PEST analysis is an analysis of the external macro-environment that affects all firms. P.E.S.T. is an acronym for the Political, Economic, Social, and Technological factors of the external macro-environment. Such external factors usually are beyond the firm's control and sometimes present themselves as threats. For this reason, some say that "pest" is an appropriate term for these factors. However, changes in the external environment also create new opportunities and the

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    Pest Analysis

    What is a PEST analysis? PEST analysis is also known as: STEP, PESTEL, PESTLE, PESTE, PESTLIED, SLEPT, STEEPLE, STEEPLED, LE PEST C and LEPEST analysis. Introduction In analyzing the macro-environment, it is important to identify the factors that might in turn affect a number of vital variables that are likely to influence the organization’s supply and demand levels and its costs (Kotter and Schlesinger, 1991; Johnson and Scholes, 1993). The "radical and ongoing changes occurring in society create

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    South Korea Analysis

    Introduction The purpose is to analyse a specific given country (South Korea), economic, socio-cultural and legal and political environment. Economic environment Past four decade South Korea showed an impressive growth as well as global integration to become a high tech industrialized economy. In past in 1960s, the Gross Domestic Product (GDP) per capita was compared to the poor countries (Africa and some parts of Asia), by 2004, it joined the trillion dollar club of world’s economies

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    Economic Reforms in South Korea

    Economic Reform in South Korea: An Unfinished Legacy by Marcus Noland, Peterson Institute for International Economics Paper prepared for the conference "Korea as a 21st Century Power" University of Cambridge April 3-6, 2002 © Peterson Institute for International Economics   Introduction Since 1997 South Korea has been on an economic and political roller coaster. Between 1997 and 1998 forecasts of annual economic growth swung from +7 percent to -7 percent, and the country elected Kim Dae-jung

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    South Korea

    report South Korea – Electronic Yu Ming Lin Country Profile In February 1945 the end of World War II, Korean Peninsula divided into North and South Korea. South Korea also name Republic of Korea, 99,392 sq. km, has a population of almost 50 million, and has its capital at Seoul, the largest city in Korea. The second largest city is Busan, which is the country’s main port, has wonderful nature harbor beside the delta of Nakdong River. The major industrial prior 1948 was agriculture in Korea peninsula

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    Pest Analysis

    PEST analysis of any industry sector investigates the important factors that are affecting the industry and influencing the companies operating in that sector. PEST is an acronym for political, economic, social and technological analysis. Political factors include government policies relating to the industry, tax policies, laws and regulations, trade restrictions and tariffs etc. The economic factors relate to changes in the wider economy such as economic growth, interest rates, exchange rates and

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    South Korea

    South Korea Raises $250 Million in Policy Bank Share Sale i) Summary: The South Korean government managed to sell down its stake in Industrial Bank of Korea by 4.2%. The sale raised around $250 million, which is double of what was originally expected. This sale is good news for the government of President Park Geun-hye because he has pledged to help individuals who are financially troubled as well as small businesses. This sale is expected to help secure budget revenue

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    South Africa Pest Analysis

    SOUTH AFRICA HISTORY In the history of South Africa, the earliest known settlers of the country were the San and Khoekhoe people, collectively known as Khoisan. They were two distinct cultural groups. The first Europeans to arrive in South Africa were the Portuguese Seafarers who initiated the sea route to India in 1488. They were soon followed by other Europeans since the late 16 th century In 1815, the British took permanent control of the Cape colony and brought in more settlers In

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    Pest Analysis

    ! ! ! ! ! PEST Analysis (Milestone Three) - OL 125 Southern New Hampshire University ! ! ! Not All Is In Our Power Some things in life we can control, others we cannot. We can control our behavior, our responses, and to a certain level, our personalities. We can educate ourselves how to be more productive and efficient, better team members or leaders, better communicators, or decision makers. We can train and improve our problem solving skills, people skills, management skills, or leadership

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    Pest Analysis

    Laura Szopa December 7, 2013 PEST Analysis | Factor | Opportunity | Threat | Political | There are more drugs that are becoming controlled which means they need to be regulated and tracked. Higher standards of care are being created so now veterinary technicians must go through an accredited program in order to take the national exam. | Drugs companies will be able to increase the price for these drugs, such as Tramadol. | The more regulated some drugs are the harder it can get them

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    Introducing Bateel to South Korea

    chocolate is considered to be a growing market as reported by [3]AC Nielson's Retail Audit. In addition bateel is producing the chocolate out of camel milk which is pretty good for the health and the studies also given that chocolate market in south Korea is strong with 90% of respondents claiming to consume chocolate at least once a week Why Pastries? The dates are healthy in the first place especially for kids ,low in cost, high in nutrients and its not a seasonal product, it is available most

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    Swot Analysis of South Korea Market

    SWOT Analysis of South Korea Market Strength 1. South Korea has a very high economic freedom. South Korea economic freedom score is 71.2 which makes its economy goes to the top 31st free economy in 2014. South Korea has improved on 0.9 point higher than last year due to their financial freedom and monetary freedom outweighing modest declines in business freedom, labor freedom, and fiscal freedom. South Korea is ranked 8th out of 42 countries in the Asia–Pacific region. 2. South Korea is moderately

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    Wal-Mart Experience in South Korea

    and UK while it faced a failure in South Korea and Germany. Wal-Mart entered South Korea in 1998 when the South Korean Government opened up retail markets to foreign investments (Ramstad, 2006). This unrelenting action was probably because of Wal-Mart’s desire of being primal international retailer in the market; but the point that Wal-Mart overlooked was, there were already big local players on the market. Wal-Mart was not able to compete with the domestic South Korean retailers as they were already

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    Swot Analysis of South Korea Market

    SWOT Analysis of South Korea Market Strength 1. South Korea has a very high economic freedom. South Korea economic freedom score is 71.2 which makes its economy goes to the top 31st free economy in 2014. South Korea has improved on 0.9 point higher than last year due to their financial freedom and monetary freedom outweighing modest declines in business freedom, labor freedom, and fiscal freedom. South Korea is ranked 8th out of 42 countries in the Asia–Pacific region. 2. South Korea is moderately

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    Pest Analysis

    PEST Analysis One way of planning your business is to undertake a PEST analysis.1 PEST analysis involves looking at the Political, Economic, Socio-cultural and Technological factors that could affect your business. Every business needs to consider a range of external forces in order to take decisions. For many people imagination is very limited and is coloured solely by their own experience and personal beliefs. This can lead to wish fulfilment or a refusal to see reality or recognise the critical

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    Politics of South Korea

    Economy of South Korea By Henry Graves Dr. Davis September 27, 2014 South Korea is known as one of the emerging economies of the entire world. The South Korean economy has been growing at a steady pace for the past 15 years; this is being accomplished with a dangerous situation with their northern neighbor. When the Korean War ended in 1953 by an armistice that defined the international boundaries between North and South Korea. However, these boundaries are merely

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    Global Business Cultural Analysis South Korea

    Global Business Cultural Analysis South Korea By: Erik Mays Liberty University BUSI 604 Dr. Romanoski May 9, 2014 Abstract In this research paper I will be analyzing the cultural perspectives of doing business in South Korea. In doing so, I will be answering the four major questions as it relates to the major Elements and Dimensions of culture in South Korea. Also, since the dimensions of culture in any nation are many, it is necessary to analyze each category that makes up the Dimensions

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    Business Etiquette of South Korea

    Business Etiquette of South Korea The environment of the large American corporation is an extreme, complicated, and dynamic place. The corporate structures of the vast majority of these substantial companies are mainly quite similar: they each contain departments such as marketing, finance, human resources, and information technology. Compare any two major companies, such as Microsoft and Exxon, and one will see these similar departments working towards their own goals, but in completely different

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    Pest Analysis

    Different factors affecting sony company: “Analyse of the  external environment could be assist by acronym PEST, which is standing for political, economical, sociocultural, and technological factors. It is  also known as environmental scanning. PEST is useful tool to monitor and evaluate forces and factors affecting the company in long term” J Morrison (2002). Political/legal environmental: It is roles and regulation, which has been imposed by a stable government on the business. On the other

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    South Korea and the Internet

    South Korea has an impressive body of work regarding the introduction and the use of the home Internet service. The small country already claims the world’s fastest Internet connections and is by far, the fastest globally. My company intends to connect every home in the country to the Internet at one gigabit per second. That would be a tenfold increase from the already blazing national standard and more than 200 times as fast as the average household setup in the United States. The US, on the other

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    Pest for South Africa

    pharmaceutical, automotive Socio/Cultural • Unemployment rate: 7.7%. As there is a high level of unemployment from people skilled in most industries, there is a good pool of skilled labour available and at an affordable price. • Workforce mainly centred in South East England • The population has been ageing. This has increased the costs for firms who are committed to pension payments for their employees because their staff are living longer. It also means some firms such as Asda have started to recruit older

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    Education in South Korea

    South Korea; one the fastest growing countries in Asia, if not, even the world. Development within the country has skyrocketed within the past 5 years, and that is very apparent when it comes to the country’s educational system, which has been considered by many sources as the best in the world, followed closely by Japan, its neighbouring country. Education is free for all children whose parents are earning a lower than average income, starting from the age of 6 years to the age of 15 years. South

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    South Korea

    OVERVIEW OF SOUTH KOREA WOOD, WILLY 09, JULY, 2015   Introduction This paper is an analysis of the country of South Korea. Using the operational variables of PMESII-PT this paper will identify the current situation in South Korea and the countries current issues. The overall objective is to understand the motives of South Korea. Political The Republic of Korea has a liberal democratic political system. South Koreas political foundation resides in the sovereignty of the people

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    Business Expansion Into South Korea

    life is kept strictly separate from personal life. In South Korea, all that changes. This paper examines some of the cultural practices that will affect a westerner trying to penetrate the South Korean marketplace. Overview of Korea South Korea is "a very modern, advanced country with an excellent transportation infrastructure, modern architecture, highly advanced telecommunications and excellent hotels" (Doing business in South Korea). Though the country seems to be westernized, it is

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    Swot Analysis of South Korea Market

    1. South Korea has a very high economic freedom. South Korea economic freedom score is 71.2 which makes its economy goes to the top 31st free economy in 2014. South Korea has improved on 0.9 point higher than last year due to their financial freedom and monetary freedom outweighing modest declines in business freedom, labor freedom, and fiscal freedom. South Korea is ranked 8th out of 42 countries in the Asia–Pacific region. 2. South Korea is moderately free of corruption. This makes South Korea

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    Pest Analysis

    1.0 QUESTION 1 “PEST analysis is used by businesses around the world to devise a strategic approach to their activities”. Discuss this statement describing in detail the components of the said analysis. 1.1 INTRODUCTION Apart from a company’s internal resources there are several other factors that have a profound impact the performance of a company. The internal resources usually refers to the employees of the firm, contractors, sub-contractors, suppliers and so on whereas the external environment

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    North and South Korea Compare and Contrast

    North and South Korea While there are similarities between North and South Korea, there are a ton of differences. These differences can make a person wonder how these countries ever operated as one. After World War II, they drew separate splitting down the 38th parallel line. With the soviets having an influence on the North side and the United States having an influence on the South side they became two different governments and countries. From the government, the people, and the rights they are

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    Pest Analysis Korea

    PEST analysis korea I. POLITICAL ANALYSIS Current strengths: * Centralization of power * Political will for economic reforms * Strong foreign relationships Current challenges * Military influence in South Korean politics * Political violence Future prospects * Confidence building measures with North Korea * Strengthening relations with the EU Future risks * Uneasy relationship with North Korea * Government supports FTA * No red-tape &

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    Global Business Cultural Analysis of South Korea

    Global Business Cultural Analysis of South Korea John Smith University of Rochester BUS 800 – INTERNATIONAL BUSINESS Dr. Peterson March 6, 2015   Abstract Today, the United States conducts a substantial amount of business with South Korea. It is important that American managers, entrepreneurs, and businessmen understand the South Korean social, cultural, and religious dimensions of the nation. The South Korean culture and customs are uniquely different from those of the United States

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    Pest Analysis

    In order to examine external factors that can affect Bombardier’s business operations, our group conducted a PEST analysis. The acronym PEST stands for the external political, economic, social, and technological factors that affect a company’s business activities. Moreover, the PEST framework is a business tool that helps a company improve its decision-making and timing. The political risk that Bombardier faces is due to foreign government regulations, relations between the Canadian federal

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    Power Distance in South Korea

    Context Page Introduction 1 Power Distance 1 Power Distance in South Korea 2 Comparison with UK and China 2 Conclusion 2 Reference 3 Introduction “South Korea is located on a peninsula of Asia. The location is on the northeastern side of the continent. It’s equally known for its green, hilly countryside dotted with cherry trees and centuries-old Buddhist temples, plus its coastal fishing villages, tropical islands and high-tech cities such as Seoul, the capital” (Yun, 2015). “Geert

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    Pest Analysis

    PEST ANALYSIS PEST analysis is used to assess that what environmental factors affecting different organization and which of them are more important and how they affect the organization. It is indicator of political, economical, social and technological influences on organization. Political & Legal Factors As far as the Lever Brothers Pakistan Limited concerns according to them that political instability have do affect but not particularly Lever Brothers Pakistan Limited same as it affects any

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    Emerging Markets South Korea

    Why Invest in South Korea? Elaine Hannah Why Invest in South Korea? Why invest in emerging markets? To cash in where growth is today, and for the foreseeable future. But success is only possible if you have chosen the right entry modes to your market and understand the environmental, political and sociocultural factors of the chosen host country. This report analyses South Korea and demonstrates this emerging market is there for the taking if approached with shrewdness. The South Korean Government

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    South Korea: a Comprehensive Analysis Outline

    South Korea: A Comprehensive Analysis Outline MGT448 March 28, 2011 South Korea: A Comprehensive Analysis Outline Country Analysis * Political Stability 1. A Republic with powers shared between the president, the legislature and the courts 2. Well established constitutional democracy which is conducive to overall political stability. * Economic Conditions 1. Market based economy; stable, affluent country a. High gross domestic product (GDP) per capita of $20,164.85

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    South Korea Traditional Food

    South Korea is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People’s Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south. Like most ethnic group throughout the world, South Koreans have their own food culture to suit their unique history and climate. Not only has the geographical boundaries which separate it from its neighbors impacted on the food culture

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    Pest Analysis

    PEST Analysis A scan of the external macro-environment in which the firm operates can be expressed in terms of the following factors: * Political * Economic * Social * Technological The acronym PEST (or sometimes rearranged as "STEP") is used to describe a framework for the analysis of these macroenvironmental factors. A PEST analysis fits into an overall environmental scan as shown in the following diagram:     Environmental Scan |           / |   \ | External Analysis

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    Pest Analysis

    PEST on Australia Political aspect 1. Trading policies Maintains active and diverse international trade policy agenda which combines multilateral, regional and bilateral strategies to break down world barriers to trade. Trade policies are equally based on structural economic reforms to improve its international trade competiveness, and initiatives to promote liberalization of international trade and investment rules. Australia has good trading policies with its neighbor countries, and their

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    Pest Analysis

    Demonstrate an understanding of PEST analysis (macro-environmental assessment) by identifying the key factors of change in the environment for an organization of your choice. Critically analyze the impact of these changes on the market and the corresponding strategies to tackle these changes. I would like to propose milk powder in the mainland China as an example to illustrate the PEST analysis. Political - The political arena has a huge influence upon the regulation of businesses, and the

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    Political of South Korea

    POLITICAL South Korea is a Republic with powers shared between the president, the legislature, and the courts. They were liberated on August 15, 1945 and the constitution was created in July 17, 1948. They have the following governmental bodies: Branches: Executive--President (chief of state) elected for a single 5-year term; Prime Minister (head of government). Legislative--unicameral National Assembly elected every 4 years. Judicial--Supreme Court and appellate courts; Constitutional

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