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South Korea, formally the Republic of Korea, situated in East Asia, which including the southern part of the Korean Peninsula. The name Korea is gotten from the ancient Kingdom of Goguryeo, otherwise called Kory?. The main nation with an area bordered to South Korea is North Korea, lying to the north with 238 kilometres of border running along the Korean Demilitarized Zone. South Korea is generally encompassed by water and has 2,413 kilometres of coast line along three seas. Toward the west is the Yellow Sea, toward the south is the East China Sea, and toward the east is Ulleung-do and Dok-do in the Sea of Japan. Topographically, South Korea's property mass is around 100,032 square kilometres. Capital Area with 25 million occupants and the world's 6th driving worldwide city with the fourth biggest economy.
South Korea is a member of the Organization for Economic Co-operation and Development and the G-20 noteworthy economies. South Korea has a business sector economy that positions eleventh on the planet by ostensible GDP and thirteenth by obtaining power equality. It is a created nation, with a created market and a high-wage economy. After the Korean War, South Korea remained as the one of the poorest countries in the world for over a decade. In 1960 its gross domestic product per capita was $79.
The growth of the industrial sector was the principal stimulus to economic development. In 1986, manufacturing industries accounted for approximately 30% of the Gross Domestic Product (GDP) and 25% of the work force. By implementing various business strategies and with the various experts’ suggestions in business, the country regained the wealth and now South Korea is one of the world’s finest electronic gadget producers. With the support of various educational institutions around the world, the research work is growing in the country. From the top Universities of South Korea like Seoul National University, Korea Advanced Institute of Science & Technology, Pohang University of Science and Technology, Yonsei University, Korea University, etc. the nations research work is moving a step ahead. Various business & management journals from the county helped in development of the whole nations by encouraging the entrepreneurs to maintain the business development and management.