what kind economic system does south korea have
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).s 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.