Population and Demographics

Despite being well-known for a variety of qualities, South Korea is deficient in many of the natural resources required for agriculture. Two-thirds of the country is made up of mountains and hills (Wang et al., 2022). South Korea has relatively few mineral resources within its borders, and the most important mineral reserves in the country include graphite, iron ore, coal, silver, gold, zinc, lead, and tungsten.  This clarifies why it has historically supported industry and agriculture (Seth, 2017). The rich land in South Korea is conducive to agriculture, while not being a conventional natural resource. An array of crops including rice, barley, fruits, and vegetables, are produced in South Korea, which has a significant agricultural industry (Park & Han, 2018). The top three agricultural products after rice are pork, beef, and milk. This clarifies the significance of meat given South Korea’s importation of a large amount of it due to its social position and Dairying’s inability to meet its demands.

South Korea’s export-oriented policies and free trade agreements (FTAs) with other economies have helped strengthen sectors of its economy outside of manufacturing. This explains how South Korea’s economy, which depends on exports, can sustain itself within the nation (Park & Han, 2018). People need to wash each other’s hands to survive, which is why nations like Korea, which excel at cultivating crops, electronics, textiles, and fabrics, share their knowledge and skills to maintain a positive relationship and obtain necessities for their nation  (Choi, 2018).  Due to their extensive investments in research and development, South Korea has a highly competent labor force that is trained and hardworking in every profession. This is why they are able to supply other countries, like the United States, with their goods and services (Seth, 2017).   As one might discover from seeing how quickly Koreans work every day Utilizing technology to support national economic growth demonstrates Korea’s potential for success.