The South Korean economy is dominated by the service sector, which contributed approximately 56.3% to the total GDP in 2015. Industrial sector contributes 41.6% of GDP, in which the manufacturing contributes 26.9% of GDP. The government is implementing structural reforms for medium and small scale enterprises, which will imp
rove the business climate of the country. The government has increased its spending on infrastructure projects, and telecommunications. A strong total consumption caused by an increase in household consumption and government spending is expected to be the main growth driver of the South Korean’s economy.
Lucintel, a leading global management consulting and market research firm, has analyzed the political, economic, social, technological, legal, and environmental factors of South Korea and has come up with a comprehensive research report, “PESTLE Analysis of South Korea 2016.” This report provides an analysis of the South Korean economy from historical, current, and future perspectives. SWOT analysis, forecast and scenario analysis, and risk analysis of South Korea is also included in the report. The report also includes the forecast for South Korean economic growth through 2021.
The report highlights various drivers and challenges which have influenced investment decisions in the economy. South Korea is a politically stable country. The country has strong current account surplus and high foreign reserves. South Korea attracts more trade due to its strategic location. South Korea R&D spending contributes 4.6% of GDP in 2015; it holds an advantageous position in terms of educated work force. South Korea is currently facing challenges, like low household consumption. Another challenge for South Korea is the impact of the slowdown in the Chinese and US economy, as well as international investors.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of this report:
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Trend and forecast for key macroeconomic variables that are useful to make major investment decision
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Analysis on economic activity, investment environment, and trade structure of the country
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Major industries in South Korea and its contribution to GDP
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Trends in savings, investments, and consumptions
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Analysis of Political, Economic, Social, Technological, Legal, and Environmental scenarios as well as their impact on different industries
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Analysis on geographical importance and social structure such as labor quality
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Strength, Weakness, Opportunity, and Threat (SWOT) analysis of South Korea
Table of Contents
1. Executive Summary
2. South Korea’s Political Analysis
2.1: Structure and Stability of Government
2.2: Government Changes and Policy Stability
2.2.1: Policy Agenda – Reforms and Future Plans
3. South Korea’s Economic Analysis
3.1: Sectoral Contribution to GDP and GDP Growth Rate
3.2: Macroeconomic Forecast and Scenario Analysis (2016-2021)
3.3: Pricing Trends - Inflation and Interest Rates
3.4: Consumption, Saving, and Investment Trends
3.5: International Trade and Its Contribution to GDP
3.6: Foreign Direct Investment by Industry
4. South Korea’s Economic and Business Risk Analysis
4.1: Risk in Financial Sector
4.1.1: Risk in Current Account Balance
4.1.2: Terms of Trade of South Korea
4.2: Risk in Balance of Payment (BOP)
4.3: Risk in Foreign Exchange Reserves and Exchange Rate
4.3.1: Risk in Fiscal Balance
4.3.2: External Debt and Default Risk
4.4: Credit Rating of Countries – Credibility in the Debt Market
5. South Korea’s Social Analysis
5.1: Social and Demographic Analysis
5.2: Labor Market – Quality and Availability
5.3: Social Development Index
6. South Korea’s R&D and Technological Factors
6.1: R&D Expenditure in South Korea
6.2: Impact of Technology in Industry
6.3: Technology Policy
7. South Korea’s Legal Analysis
7.1: Company Law
7.2: Labor Law
7.3: Tax Law
7.4: Economic Policies – A Recent Development
7.5: Doing Business in South Korea 2015 – Processes to Establish Business
8. South Korea’s Environmental Analysis
8.1: Environment Policy
9. SWOT Analysis – Search of Potential Opportunities in South Korea’s
List of Figures
Chapter 3. South Korea’s Economic Analysis
Figure 3.1: Economic Scenarios of Major Countries in 2015
Figure 3.2: Trends of Real GDP Growth Rate
Figure 3.3: Scenario Analysis of GDP Forecast
Figure 3.4: Trends of the Per Capita Income
Figure 3.5: GDP Sectoral Contribution
Figure 3.6: Share of Different Sectors to GDP in 2015
Figure 3.7: Trends of Inflation and Interest Rate
Figure 3.8: Quarterly Interest Rate of South Korea
Figure 3.9: Quarterly Inflation Rate of South Korea
Figure 3.10: Trend of Savings and Investments as Percentage of GDP
Figure 3.11: Trend of Consumption Expenditure as Percentage of GDP
Figure 3.12: Trends of International Trade Structure
Figure 3.13: South Korea’s Exports by Product 2010
Figure 3.14: South Korea’s Exports by Product 2015
Figure 3.15: South Korea’s Imports by Product 2010
Figure 3.16: South Korea’s Imports by Product 2015
Figure 3.17: South Korea’s Exports by Country 2010
Figure 3.18: South Korea’s Exports by Country 2015
Figure 3.19: South Korea’s Imports by Country 2010
Figure 3.20: South Korea’s Imports by Country 2015
Figure 3.21: Trends of Imports and Exports as Percentage of GDP
Figure 3.22: Foreign Direct Investment by Industry
Chapter 4. South Korea’s Economic and Business Risk Analysis
Figure 4.1: Trends of Current Account Balance and Percentage to GDP
Figure 4.2: Terms of Trade for South Korea
Figure 4.3: Trends of Balance of Payment
Figure 4.4: Trends of Foreign Exchange Reserve and Exchange Rate
Figure 4.5: Trends of Government Revenue and Expenditure as Percentage of GDP
Figure 4.6: Trends of Fiscal Balance as Percentage of GDP
Figure 4.7: Trends of Debt as Percentage of GDP
Chapter 5. South Korea’s Social Analysis
Figure 5.1: Geographical Location of South Korea
Figure 5.2: Trends of Population in South Korea
Figure 5.3: Population Age Structure
Figure 5.4: Trends of Unemployment Rate in South Korea
Chapter 6. South Korea’s R&D and Technological Factors
Figure 6.1: Trends of R&D Expenditure in South Korea
List of Tables
Chapter 1. Executive Summary
Table 1.1: Factors Affecting Business in South Korea
Chapter 2. South Korea’s Political Analysis
Table 2.1: Political Factors and Their Impact on Business
Chapter 3. South Korea’s Economic Analysis
Table 3.1: Factors Affecting Industry Growth
Table 3.2: FDI Limits by Industry
Table 3.3: Economic Factors and Their Impact on Business
Chapter 4. South Korea’s Economic and Business Risk Analysis
Table 4.1: Credit Rating of Countries by Moody’s, Fitch, and S&P
Table 4.2: Economic Risk Factors and Their Impact on Business
Chapter 5. South Korea’s Social Analysis
Table 5.1: Corruption, GINI, Homicide, and Human Development Index
Table 5.2: Social Factors and Their Impact on Business
Chapter 6. South Korea’s R&D and Technological Factors
Table 6.1: Technological Factors and Their Impact on Business
Table 6.2: Income Tax Rates of South Korea
Chapter 7. South Korea’s Legal Analysis
Table 7.1: Indicators for Starting Business
Table 7.2: Ranking of Ease of Doing a Business
Table 7.3: Legal Factors and Their Impact on Business
Chapter 8. South Korea’s Environmental Analysis
Table 8.1: Environmental Factors and Their Impact on Business