![seoul round seoul round](https://cataldoinseoul.wordpress.com/wp-content/uploads/2009/11/seoul-round2.jpg?w=655)
a distorted view of seoul
Well, let me say that what I know about economy is quite amateurish because I never made any formal studies about it. What you read here is somewhat inspired by my intuition and by common sense, so it might be at least questionable in some points. The main source of information is Wikipedia and I linked many of the articles as a reference, but there will be a lot of errors and inaccuracies. Please feel free to post any criticism in the comments, even if the idea of this post is not to start an endless theoretical discussion on economy, but just to say something about what is going on here and why it might be going on.
![soap bar soap bar](https://cataldoinseoul.wordpress.com/wp-content/uploads/2009/11/100_0738.jpg?w=655)
a soap bar that I bought manufactured by logitech (or maybe it says that every 10¹° soap bars there is one with a mobile phone inside it)
Ok, so let’s start with some everyday facts. One does not need to stay here for a long time to notice that these people are quite self-sufficient regarding technology. They have their own car (Hyundai, Kia, Daewoo, SsangYong) and electronic equipment (Samsung, LG) manufacturers.
![lg_secret_01 lg_secret_01](https://cataldoinseoul.wordpress.com/wp-content/uploads/2009/11/lg_secret_01.jpg?w=655)
I think I have read they buy a new mobile at least every 11 months
Then they have a sort of economic giant, SK, which does a lot of business in various areas (petrochemical, telecommunications and construction). In brief, they are really advanced in the production and development of highly technological devices and services (just to mention two facts, they are the eleventh largest world exporter and the third in Asia after China and Japan, and they have the world highest broadband internet access pro capita). They can afford this because they rely upon a strongly competitive educational system (they rank first in the world for scientific literacy and second for mathematical literacy) and upon a responsible and trustworthy working class. Maybe this latter thing is going to change in the next years.
![protest worker protest worker](https://cataldoinseoul.wordpress.com/wp-content/uploads/2009/11/protest-worker.jpg?w=655)
korean workers protesting
Speaking of this, there were a lot of problems due to social unrest during the late 80s, because the exploited working class protested against low wages, long working hours (an average of 54.7 hours a week) and lack of safety measures. In practice the economy was booming mainly thank to a legalised form of slavery. These protests were quite unexpected among the ruling class, which did not know exactly what to do and let them go on without being able to find a solution. The way they found was to automate as much as possible the production, which reduced the demand of working forces and the costs, but requested a lot of investments for the acquisition and development of new robotical technologies. Finally however some steps toward a more human treatment of the workers were made and today South Korea (at least in Seoul) looks like a western country with regard to life style. In the photo below you can see that the details are somehow still being discussed, and not exactly in a peaceful way.
![KOREA/ KOREA/](https://cataldoinseoul.wordpress.com/wp-content/uploads/2009/11/2009-07-25-ssangyong-2.jpg?w=655)
workers of ssangyong motor occupying the main plant in august 2009. the strike failed after 77 days.
One of the main problems they have is that they are not energetically independent. The most of Korean natural resources, which are however poor, are concentrated in North Korea, and South Koreans have to import practically everything (coal, petroleum and minerals) from somewhere else. They desperately searched for some offshore oil deposit in the Yellow Sea and in the sea between Korea and Japan, but nothing was found.
![South_Korea_Nuclear_power_plants_map South_Korea_Nuclear_power_plants_map](https://cataldoinseoul.wordpress.com/wp-content/uploads/2009/11/south_korea_nuclear_power_plants_map.gif?w=655)
nuclear plant locations
Therefore they decided already in 1978 to concentrate on nuclear power and built the first power plant, called Kori Number One, near Busan, in the South of the country. Today they have a total of 20 plants which are located in 4 different centres and which cover 45% of the internal need.
However, they do not have their own nuclear fuel and must import it from somewhere else, but the business seem to be running well, since they plan to build another 8 plants. There was some minor scandal in 1988 about improper treatment of nuclear waste in the Kori plant, but nothing really happened since then.
![nuclear_waste nuclear waste disposal site](https://cataldoinseoul.wordpress.com/wp-content/uploads/2009/11/nuclear_waste.jpg?w=655)
nuclear waste disposal site
They are trying to do some investments in renewable energies (solar, wind, biofuel) in order to reduce their dependence from oil import, but still no big plants exist.
Concerning food, they are not luckier than with energy. The Korean territory is mainly made up of mountains and only 22% can be exploited for agricultural purposes. They also suffer from a lack of water as compared with neighbouring countries, which might be a big problem if your favourite food is rice. The situation got somehow better with the urbanization that came when their economy developed a lot toward industry and services, because a lot of areas became free. Anyway the property was too spread, about an hectare pro person, and this hindered mechanisation. Moreover, the labour cost increased forcing South Korea to rise some ban on uncontrolled import.
![physical map physical map](https://cataldoinseoul.wordpress.com/wp-content/uploads/2009/11/physical-map.jpg?w=655)
physical map of south korea
At the same time, anyway, the population increased dramatically and therefore the demand exceeded the supply and they had to increase their food import (almost one half of the most relevant goods is imported).
![korea.beef.protest(1).gif korea.beef.protest(1).gif](https://cataldoinseoul.wordpress.com/wp-content/uploads/2009/11/korea-beef-protest1-gif.jpeg?w=655)
protest against importation of us beef. it seems that the koreans panicked exaggeratedly when the mad cow case exploded.