EverydayKorea.com

A Country Study: South Korea

South Korea Foreword Acknowledgements Preface Country Profile Country Geography Society Economy Transportation and Telecommunications Government and Politics National Security Introduction Chapter 1 - Historical Setting (Chong-Sik Lee) Origins of the Korean Name The Three Kingdoms Period The Evolution of Korean Society Silla Koryo The Choson Dynasty Characteristics of Society Under Dynasties Korean Identity Political and Social Institutions Korea Under Japanese Rule World War II and Korea South Korean Under United States Occupation, 1945-48 Economy and Society Establishment of the Republic of Korea The Korean War, 1950-53 The Syngman Rhee Era, 1946-60 Society Under Rhee The Postwar Economy The Democratic Interlude South Korea Under Park Chung Hee, 1961-79 The Military in Politics Economic Development Society Under Park Foreign Relations Relations with North Korea Relations with Japan Relations with the United States The Transition The Democratic Republican Party The New Democratic Party Students in 1980 General Hun Doo Hwan Takes Over The Kwangju Uprising The Chun Regime The 1980 Constitution Purges Chun's "Cultural Revolution Economic Performance Foreign Policy United States Japan China and the Soviet Union The Demise of the Chun Regime Chapter 2 - The Society and Its Environment (Donald M. Seekins) Physical Environment Land Area and Borders Topography and Drainage Climate Population Population Trends Population Settlement Patterns Urbanization Koreans Living Overseas Social Structure and Values Traditional Social Structure The Emergence of a Modern Society Social Classes in Contemporary South Korea Traditional Family Life Family and Social Life in the Cities Changing Role of Women Cultural Identity Korea and Japan The Korean Language Education Primary and Secondary Schools Higher Education College Student Activism Religion Religious Traditions Shamanism Daoism and Buddhism Christianity New Religions Religion in Contemporary South Korea Public Health and Welfare Health Conditions Health Care and Social Welfare Chapter 3 - The Economy (Daniel Metraux) The Japanese Role in Korea's Economic Development The Government Role in Economic Development Industrial Policies Economic Plans Revenues and Expenditures The Government, and Public and Private Corporations The Origins and Development of Chaebol The Role of Public Enterprise Pohang Iron and Steel Company Korea Electric Power Corporation Financing Development Industry Steel Electronics Shipbuilding Automobiles and Automotive Parts Armaments Construction Textiles and Footwear Chemicals Energy Agriculture Major Crops Forestry and Fishing The Agricultural Crisis of the late 1980s Prospects Service Industries Money and Banking Small and Medium-Sized Businesses The Labor Force Wages and Living Conditions Industrial Safety Transportation and Telecommunications Roads Subways and Railroads Civil Aviation Telecommunications Foreign Economic Relations Aid, Loans, and Investment Foreign Trade Policy Exports and Imports Korea in the Year 2000 The Setting The Role of Science and Technology The Economic Future Chapter 4 - Government and Politics (William Shaw) The Constitutional Framework The Government The Legislature The Executive The State Council The Presidential Secretariat The Judiciary The Civil Service Local Administration Political Dynamics Compromise and Reform: July-December 1987 Events in 1988 Returning to the Politics of National Security, 1989 Parties and Leaders Interest Groups Political Extremism and Political Violence Human Rights The Media (Roy U.T. Kim Foreign Policy Organization and Operation Basic Goals and Accomplishments Relations with the United States Relations with the Soviet Union Relations with Japan Relations with China Relations with North Korea Relations with International Organizations and the Third World Future Prospects Chapter 5 - National Security (Rodney P. Katz Development of the Armed Forces Kogyro, Silla, and Koryo Kingdoms The Choson Dynasty and the Japanese Colonial Period The South Korean Army after World War II War on the Korean Peninsula South Korea Responds to the North Korean Military Buildup The Military's Role in Society Organization and Equipment of the Armed Forces Army Air Force Navy and Marine Corps Reserve and Civil Defense Forces Recruitment, Training, and Conditions of Service Officers and Noncommisioned Officers Enlisted Personnel Uniforms, Ranks, and Insignia Defense Spending and Military Production Defense Spending Military Production Strategic Planning for War United States Forces in Korea South Korean and United States Cooperation (Guy R. Arrigoni) Internal Security The Threat from the North Seoul's Responses Intelligence Agencies The Agency for National Security Planning The Defense Security Command Korean National Police Criminal Justice Crime Criminal Prodedure Appendix. Tables Bibliography

Small and Medium-Sized Businesses

Small and medium-sized businesses--generally those with less than 400 employees--accounted for US$11 billion, or 32 percent, of South Korea's exports in 1986. By 1987 these businesses generated an estimated US$14 billion, but the export percentage dropped to 30 percent as large automobile and electronics groups led export growth. Small and medium-sized businesses contributed 38.9 percent to the GNP in 1986 when calculated on a value-added basis.

Many of South Korea's smaller firms manufacture specialized parts or equipment for the larger chaebol. As is the case with keiretsu in Japan, many of the chaebol in South Korea assemble and market goods under their own brandnames, but rely on smaller support firms to manufacture most of the individual parts. Wages are often lower in the smaller firms than at the chaebol, and working conditions often are worse.

Starting in 1983, Seoul selected a number of the more promising smaller firms to receive special government assistance. These businesses were eligible for a number of tax breaks, help in securing financing, and consultations and technical education from the Ministry of Trade and Industry. Small businesses were central to the government's policy of producing more sophisticated technology locally; additionally, they were critical to the government's strategy of encouraging regional development away from the overcrowded area around Seoul. In 1989 the government announced a plan to spend billions of won to help small and medium-sized industries seek structural improvements so that they could move away from labor-intensive production in favor of technology-intensive production.

Data as of June 1990

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