DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/5b7gm2/pestle_analysis) has announced the addition of the "PESTLE Analysis of South Korea 2013" report to their offering.
The service sector of South Korea is the major driver for growth of the economy. Industries in service sector transport, storage and communication, real estate, and financial intermediary are driving the growth. Service sector will probably expand in the coming years.
The country has well-defined investment policies and support from government and industry associations encouraging free trade. This research indicates that there are enormous expansion opportunities for starting of business unit in South Korea. Industries have huge opportunities in organized parts and material, auto parts, semiconductor, fine chemicals, ship building, retail sector, logistics, distribution and financial sector. Every business has their own procedures and legal formalities.
The report also elucidates the inherent dangers of doing business in South Korea. South Korea has optimally utilized globalization that benefited its economy. On the other hand, the country's economy will probably face many challenges in its quest to become a modern, harmonious, creative, and competitive economy. There is political stability but South Korea is engaged in territorial dispute with Japan over the Tokdo Island, which South Korea controls under the name Takeshima. There is also a dispute between North Korea and South Korea. Highly fluctuating exchange rate value of the Korean currency may also affect exports and imports of the country.
This report analyzes the impact of different macroeconomic indicators of the country on different industries. This also includes the impact of socio-political-demographical changes on different industries in the country. This report analyzes domestic and external economic trends, government policies, technological changes, and their impact on different industries. In the current economic scenario of the country Automobile, electronics, finance and insurance, accommodation, and food industry will probably be the most affected.
For more information visit http://www.researchandmarkets.com/research/5b7gm2/pestle_analysis
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