Table of Contents Overview 2 Catalyst 2 Summary 2 Key findings 2 PESTLE highlights 4 Key fundamentals 5 Key Facts and Geographic Location 13 Key facts 13 Geographical location 14 PESTLE Analysis 15 Summary 15 Political analysis 16 Overview 16 Current strengths 16 Current challenges 17 Future prospects 17 Future risks 17 Economic analysis 19 Overview 19 Current strengths 19 Current challenges 23 Future prospects 25 Social analysis 27 Overview 27 Current strengths 27 Current challenges 29 Future prospects 32 Future risks 32 Technological analysis 34 Overview 34 Current strengths 34 Current challenges 36 Future prospects 36 Future risks 37 Legal analysis 38 Overview 38 Current strengths 38 Current challenges 38 Future prospects 40 Future risks 41 Environmental analysis 42 Overview 42 Current strengths 42 Current challenges 43 Future prospects 43 Future risks 43 Political Landscape 45 Summary 45 Evolution 45 Pre-1950s 45 1950-1960 46 1960-1980 46 1980-1990 47 1990-2002 47 2002-2017 47 Structure and policies 48 Key political figures 48 Structure of government 48 Key political parties 49 Composition of government 50 Key policies 50 Economic 50 Social 50 Foreign 51 Performance 51 Governance indicators 51 Outlook 52 Economic Landscape 53 Summary 53 Evolution 53 1945-1990 53 1990-1997 53 1997-2016 54 Structure and policies 55 Financial system 55 Financial authorities/regulators 55 Performance 56 GDP and growth rate 56 Fiscal situation 61 International investment position 63 Monetary situation 63 Employment 65 Outlook 65 Social Landscape 66 Summary 66 Evolution 66 Structure and policies 67 Demographic composition 67 Education 68 Healthcare 69 Social welfare 69 Nationwide initiatives 69 Performance 70 Healthcare 70 Income distribution 71 Education 71 Outlook 72 Technological Landscape 73 Summary 73 Evolution 73 Structure and policies 74 Intellectual property 74 R&D 74 Performance 74 Opportunity sectors 74 Outlook 75 Legal Landscape 76 Summary 76 Evolution 76 Structure and policies 76 Judicial system 76 Trials and legislation 78 Tax regulations 78 Performance 79 Effectiveness of the legal system 79 Legal indicators 79 Outlook 79 Environmental Landscape 80 Summary 80 Evolution 80 Structure and policies 80 Environmental regulations 80 Environmental actions 81 Participation in global efforts/agreements/pacts 81 Performance 81 Environmental impact 81 Outlook 82 Appendix 84 ISO codes of selected countries 84 Ask the analyst 85 Disclaimer 85

List of Tables Table 1: South Korea - Key Fundamentals (US$ Billion / %), 2015-2021f 5 Table 2: South Korea - Key Facts 13 Table 3: South Korea - Political Landscape 16 Table 4: South Korea - Economic Landscape 19 Table 5: South Korea - Social Landscape 27 Table 6: South Korea - Technological Landscape 34 Table 7: South Korea - Legal Landscape 38 Table 8: South Korea - Environmental Landscape 42 Table 9: South Korea - Population by Age and Gender (as a Percentage of the Total Population), 2016 67 Table 10: South Korea - Patents Granted, 2009-2015 74 List of Figures Figure 1: South Korea - Map 14 Figure 2: Labor Productivity and Unit Labor Costs among OECD Countries (%), 2016 21 Figure 4: South Korea - Banking Sector by Liquid Assets, Equity to Assets, and Deposits (%), 2015 22 Figure 5: South Korea - Services Sector Performance relative to OECD Countries (%), 2016 23 Figure 6: South Korea - Source of SME Financing (%), 2009-2013 24 Figure 7: South Korea - Export Growth, 2006-2016 25 Figure 8: South Korea - Government Guarantees as a share of GDP (%), 2015 26 Figure 9: Per Capita Doctor Consultations in OECD Countries, 2015 28 Figure 10: Tertiary Education Outcomes for 25-64 Year Olds in OECD countries, 2016 29 Figure 11: Social Spending Trends in OECD Countries, 2016 30 Figure 12: South Korea - Labor Market Dualism, Annual Income Earned Before Taxes, 2011 31 Figure 13: South Korea - Gender Wage Gap (%), 2016 32 Figure 14: OECD Populations Aged 65+ and 15-64 as a Percentage of the Total Population, 2014-2050 33 Figure 15: South Korea - Telecom Growth (Subscribers / %), 2006-2016 35 Figure 16: Innovation and Technology Indicators in Major Countries (%), 2015 36 Figure 17: OECD Internationalization in R&D (%), 2015 37 Figure 18: Professional Services Regulations in Select OECD Countries, 2013 39 Figure 19: Regulations in Energy, Transport and Communications in Select OECD Countries, 2013 40 Figure 20: Barriers to Trade and Investment in Select OECD countries 41 Figure 20: OECD Water Taken from Ground or Surface Water Sources, 2014 44 Figure 21: South Korea - Key Political Events Since Independence, 1950-2017 46 Figure 22: South Korea - key political figures 48 Figure 23: South Korea - Distribution of Seats Following Elections, 2017 50 Figure 24: South Korea - Evolution of GDP (%), 2006-2016 55 Figure 25: South Korea - GDP Growth Rate (US$ Billion), 2011-2021f 57 Figure 26: South Korea - GDP by Sector (%), 2016 58 Figure 27: South Korea - Agricultural Outputs (%), 2011-2016 59 Figure 28: South Korea - Industrial Output (%), 2011-2016 60 Figure 29: South Korea - Services Output (%), 2011-2016 61 Figure 30: South Korea - External Trade Positions (US$ Billion), 2012-2016 62 Figure 31: South Korea - Consumer Price Index and CPI-Based Inflation (%), 2011-2021f 64 Figure 32: South Korea - Unemployment Rate (%), 2011-2021f 65 Figure 33: South Korea - Population by Religion (%), 2015 68 Figure 34: South Korea - Healthcare Expenditure (US$ Billion %), 2009-2015 71 Figure 35: South Korea - Educational Expenditure (US$ Billion / %), 2010-2015 72 Figure 36: South Korea - Internet Users (%), 2012-2016 75 Figure 37: South Korea - Judicial Structure , 2017 77 Figure 38: South Korea - Carbon Dioxide Emissions , 2008-2015 82