By the end of 2011, in terms of per capita income, South Korea is still richer than both the average of the European Union (EU). The per capita income in South Korea totaled US $ 31,750, whereas this number in the EU at the rate of $ 31,550 (calculated according to purchasing power parity). Also in 2011, South Korea's trade turnover to reach 1,080 billion, the 8th largest world exporter.From 1962 to 2008, Gross domestic product (GDP) of the Republic of Korea rose from 2.3 billion dollars to 928.7 billion dollars, while the Gross national income (GNI) per capita soared from $ 87 to around $ 19,231. With the change to that rapidly, Korea is the only country rise to success from the country mostly pick up foreign aid to countries rich in just a few decades.Currently, South Korea is the third largest economy in Asia and the 13th in the world. In addition, South Korea also ranked # 6 in the world in terms of foreign exchange reserves, and ranked second on the shipbuilding industry. The two leading semiconductor manufacturers in South Korea's Samsung Electronics and Hynix accounted for nearly 50% of the global market.Such "miracle on the Han River" where that is? The South Korean economy is not only growing faster that this nation is still a good matching between growth and democracy, between economic development and care for the people. South Korea grew rapidly from the 1960s, thanks to savings and investment rates are high, and the emphasis on education.
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