South Korea is a major international economic power; it has the twelfth largest economy in the world (eleventh largest by purchasing power parity) and the third largest in Asia, behind only Japan and China (fourth behind China, Japan, and India by purchasing power parity).
In 2004, South Korea joined the trillion-dollar club of world economies, and is currently the world's 12th largest economy. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible.  Mexico. The political system of South Korea is based on a Republic form of government with the President as Chief of the State and Prime Minister as the Head of Government. Powers of the government is shared between the executive, legislature and judiciary. Malaysia. The political system of South Korea is based on a Republic form of government with the President as Chief of the State and Prime Minister as the Head of Government. China. The political system of South Korea is based on a Republic form of government with the President as Chief of the State and Prime Minister as the Head of Government. Powers of the government is shared between the executive, legislature and judiciary. Malaysia. The political system of South Korea is based on a Republic form of government with the President as Chief of the State and Prime Minister as the Head of Government. South Korea is a member of the Organization for Economic Co-operation and Development (OECD) and the G-20 major economies. South Korea has a market economy that ranks 11th in the world by nominal GDP and 13th by purchasing power parity (PPP). It is a developed country, with a developed market and a high-income economy. Since then, South Korea has advanced into a developed economy to eventually attain a GDP per capita of $30,000 in 2010, almost thirteen times the figure thirty years ago. The whole country's GDP increased from $88 billion to $1,460 billion in the same time frame. c. Compare and contrast the economic systems in China, India, Japan, and North Korea. There are several different types of economic systems throughout the world. The type of economy in a country is determined by the extent of government involvement in economic decision-making.  The collapse of governments run by communist parties around the world in 1991, particularly North Korea 's principal source of support, the Soviet Union, forced the North Korean economy to realign its foreign economic relations, including increased economic exchanges with South Korea. North Korea's economy has been unique in its elimination of markets. By the 1960s, market elements had been suppressed almost completely. Almost all items, from food to clothes, have traditionally been handed out through a public distribution system, with money only having a symbolic meaning. North Korea's economy is a centrally planned system, i.e. the role of market allocation schemes is limited. Although there have been some small-scale reforms as of 2015, Pyongyang 's basic adherence to a rigid centrally planned economy continues, as does its reliance on fundamentally non-pecuniary incentives. North Korea's economy has been unique in its elimination of markets. By the 1960s, market elements had been suppressed almost completely. Almost all items, from food to clothes, have traditionally been handed out through a public distribution system, with money only having a symbolic meaning. The World Economy team tracks changes to the economies of every country in the world and updates the country and region profile pages. South Korea ranks among the wealthiest nations in the world with an economy that ranks 13th in by nominal GDP and 30th by purchasing power parity (PPP). From the 1960s through the late 1990s, South Korea had one of the world's fastest growing economies.  South Korea is a major international economic power; it has the twelfth largest economy in the world (eleventh largest by purchasing power parity) and the third largest in Asia, behind only Japan and China (fourth behind China, Japan, and India by purchasing power parity). As one of the Four Asian Tigers, it achieved rapid economic growth through exports of manufactured goods.In the 1950s, South Korea was one of the poorest countries in Asia. At the end of World War II, the country inherited a colonial economic system designed solely for Japan's needs.
http://www.indexmundi.com/factbook/compare/south-korea.north-korea/economy http://www.123independenceday.com/south-korea/political-system.html http://www.123independenceday.com/south-korea/political-system.html https://en.wikipedia.org/wiki/Economy_of_South_Korea http://www.cheekclass.com/south-and-east-asia/economy-of-south-and-east-asia https://en.wikipedia.org/wiki/Economy_of_North_Korea https://en.wikipedia.org/wiki/Economy_of_North_Korea http://www.economywatch.com/world_economy/south-korea/ http://www.southkoreagovernment.com/economy.htm
what kind economic system does south korea have