International Political Economy

p A Brief on the South Korean Economy

[Author]

[University] With the advent of globalization , most domestic and foreign investors are forecasting about the future performance of the retail industry of South Korea . After all of the instabilities that happened in the late 1990 's especially during the Asian Financial Crisis , retail industry players of South Korea are still on the process of recovering from the said economic turmoil . The retail industry has helped the South Korean economy to boom for the past years and with the development of globalization in

the international community , most economist suspects of higher and impressive economic growth of South Korea in the next coming years . This will discuss how ready is the South Korean government in utilizing the potential development of their industry and how various economic and business factors affects the stability of the said industry at present and in the next coming years . At the end of this , a conclusion regarding the overall condition of business environment in South Korea for retail industry where Marks and Spencer could get into will be provided which is vital in assessing the attractiveness of South Korea to domestic and foreign investments

At present , the political system of South Korea focuses mainly on improving the welfare of the entire society specifically the working class . Most of the government policies in South Korea centers on providing employees with better working agreements with their employers or the private firms . Back in the 1990 's wherein large scale...