Contemporary South Korean Economy: Challenges and Prospects

South Korea's post-war economic success is a well-known story. However, its development in the past two decades is relatively less investigated. By reviewing key economic issues in South Korea's economy today, this book offers an input to the research of contemporary South Korea, in particular the country's economic development and its external economic relations.

This book provides an analytical overview of key issues in contemporary South Korean economy. The timely and in-depth study presented in the book examines the main reasons behind South Korea's economic slowdown in recent years, the economic and social impact following chaebol's growing business expansion, free trade agreements with China and the United States, the development of income inequality, the ageing demography and the Korean government's policy response to overcome the current economic difficulties.

Contents:

• South Korea's Economy at a Crossroads
• Chaebol's Role in South Korea's Economic Development
• South Korea–United States Free Trade Agreement
• South Korea'S Free Trade Agreement with China
• South Korea's Income Inequality
• South Korea's Ageing Demography and Its Challenges

Readership: Policymakers, academics, professionals, undergraduate and graduate students who are interested in contemporary South Korean economy.
Key Features:

• Contains the most updated economic figures on South Korea
• Covers the most relevant issues in South Korea's economy today
• Offers well-constructed analysis and balanced arguments