The economic studies aim to provide the reader with a macroeconomic overview. They also list the key sectors that offer important opportunities for our Belgian export companies.

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  • Economic study South Korea (June 2017)

    The Republic of Korea is known as one of the "Asian Tigers". This expression refers to the strong economic growth recorded in recent decades. The recently elected president, Moon Jae-in, shows a will to break with the previous government and includes the economy and diplomacy among her priorities. She wants to "make South Korea a fair and just society" with more transparency, which bodes well for trading partners and foreign investors.

    The country is surrounded by two seas and a demilitarised zone separates it from North Korea, making its economy heavily dependent on international trade. With one of the most open economies in the world (an openness rate of almost 90%), the country reached sixth place as the world's largest exporter and tenth place as the world's largest importer in 2016.

    This study was realised on the occasion of the Belgian economic mission to the Republic of Korea in June 2017.

    Document only available in French and Dutch.

    cover Economic study South Korea (June 2017)
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