South Korea covers the southern part of the Korean Peninsula, a mountainous peninsula bordered by the Yellow Sea to the west and the Sea of Japan (East Sea) to the east. To the south of the peninsula are the Strait of Korea and the South China Sea.
The major ports of South Korea are:
Busan on the coast of Japan and Incheon on the shore of the Yellow Sea
South Korea, officially known as the Republic of Korea, is a country in the southern part of the Korean Peninsula in East Asia. Its capital is Seoul. South Korea became independent in 1945 and March 1 and August 5 are its national days.
South Korea is now the fourth-largest economy in Asia and the thirteenth-largest in the world. South Korea has nine provinces and six metropolises.
Seoul, the capital of the country as a special city, the new city of Sejong, which is still under construction and completion as an independent special city, as well as Jeju is one of the nine provinces governed as an independent special province by an elected governor.
The goals that led South Korea’s economy to make itself one of the world’s top economies after the 2009 recession, along with its neighbors, including China, Japan, and Russia, are as follows:
Upgrading the competitive level of export products
Strengthen foreign marketing and business partnerships
Development of advanced commercial infrastructure
It is currently the fifth largest producer of nuclear energy industries in the world. And intends to become one of the major exporters of nuclear energy.
It also ranks first in the world in the field of shipbuilding. Also, due to the capacities and capabilities of several famous companies such as Samsung, LG and Hyundai, Hanjin, SK, Kia, etc., one of the strongest global players in the supply of electronics, automobile, machinery, steel, petrochemical, manufacturing industries. And instrument and so on.
It has the largest green growth plans in the world. The Korean government and companies are constantly investing in green growth-based sectors such as green energy, low-energy technologies, and other related technologies, especially in the shipbuilding, automotive, and information technology sectors.
Also, South Korea currently has agreements with 45 countries in the world (including the European Union and the Union of South and East Asia) on free trade mechanisms and is actively seeking to conclude similar agreements with other countries.
South Korea’s achievements by 2020:
The world’s largest country in terms of long working hours (average 2357 hours)
The first country in the world in terms of per capita steel consumption per year
The first country in the world in terms of the shipbuilding industry
The first country in the world in terms of Internet usage speed
The third country in the world in terms of research and development
The third country in the world in terms of Internet use in schools
Asia’s fourth-largest economy
The fourth country in the world in terms of manufacturing industrial machinery
The fourth-largest country in the world in terms of Internet use at home
The fourth country in the world in terms of energy consumption
The fifth country in the world in terms of annual car production
The fifth country in the world in terms of building nuclear power plants
The fifth country in the world in terms of restaurant prices
Fifth country in the world in terms of the electronics industry
The sixth country in the world in terms of crude steel production
Sixth country in the world in terms of the cost of raw food
The eighth country in the world in the textile industry
Ninth country in the world in terms of the high volume of world trade
The 11th most industrialized country in the world
The 11th country in the world in the chemical industry
The 11th country in the world in terms of travel costs
The twelfth country in the world in terms of rice production
Fourteenth national in terms of hotel costs
Fifteenth country in the world in terms of GDP
The 15th largest country in the world in terms of the cost of three meals a day
Seventeenth country in the world in terms of mobile phone use 70% of people
The twentieth country in terms of health and social welfare among countries
The 22nd country in the world in terms of cost of living
The 28th country in the world in terms of rental housing costs
Forty-fourth country in the world in terms of monthly income
Forty-seventh country in the world in terms of academic research in the field of finance
Forty-ninth country in the world in terms of indicators of happiness
The most expensive country in the world in terms of mobile call costs
It holds 2.6% of the world export market share
The amount of South Korean exports
South Korea’s exports fell 18.6 percent in the first ten days of April, compared to the same period last year, up from 20.8 percent in the first ten days of March. Imports in South Korea also fell 13 percent, up from 14.5 percent last month.
South Korea’s exports to China, its largest trading partner and the outbreak of the Coronavirus, fell 10.2 percent, while exports to the United States and the European Union fell 3.4 percent and 20.1 percent, respectively.
In terms of exports of goods, sales of Korea, which has the highest revenue for Korea, fell 1.5 percent, while exports of petrochemicals, auto parts, and wireless devices fell 47.7 percent, 31.8 percent, and 23.1 percent, respectively.
There are two major problems in Iran-Korea trade relations, one is transportation problems and the other is transportation insurance, so these two issues have led to a very large volume of exchanges.
Major export items:
IT products (semiconductors, computers, wireless communication devices)
Other automotive products, ships, machinery, steel and iron products, chemical and textile products))
Major imported items:
Raw materials, machinery, electrical and electronic equipment, oil, steel, transportation equipment, chemicals
Digital E-Commerce Marketing in South Korea:
The government structure in South Korea is such that the Ministry of Science and Information Technology and Communications is responsible for information and communication technology, radio, and television broadcasting.
The Korea Communications Commission is also responsible for regulating broadcasting and communications and protecting users. The Ministry of Interior and Security is responsible for e-government and e-information protection, and the Ministry of Culture, Sports, and Tourism is responsible for video content, games, and more.
The Ministry of Trade, Industry, and Energy is responsible for embedded systems and software, e-learning, and technical and industrial components related to the ICT industry.
Social network usage statistics
According to statistics, 73% of Internet users in South Korea use the indigenous social network, and the share of GDP in the IT sector in the Korean economy is 10.4%.
This store website also has an app and website. If you want to make a good deal in the online world, this website is a great option.
This store website is probably a common website for outsiders. They offer their website in both Korean and Chinese and English. This online store website also offers its products globally.
Cyberspace and information and communication technology are considered as a factor of economic growth in South Korea.
According to the Central Bank of Korea, the GDP of the ICT sector is 10 and four-tenths of a percent (more than 10 percent in four consecutive years) of the country’s GDP, and the GDP growth rate in the ICT sector is five And it was three-tenths of a percent.
The share of the information and communication technology sector in GDP growth has increased by 15 and three-tenths of a percent.
73% of South Korean users use the native social network KAKAO TALK
Statistics show that since the end of December 2016, a total of more than 43 million people in South Korea have used the Internet, which is more than 88% of the country’s population. South Korea has the highest active social media influence with 82% It has been among Asian countries since 2016.
Profile-based social networking services are the most popular type of social media in South Korea.
It is also a native social network. According to the latest statistics, about 85% of the South Korean public uses this internal messenger. Messengers of cocoa; Messenger that supports 15 living languages of the world. And it is found in almost 93% of smartphones in South Korea.
Akaotak is a messenger that started operating on March 18, 2010, in South Korea and received a lot of attention. As of May 2017, the app had about 220 million registered users, a figure that is likely to increase.
These messengers are very popular among the Koreans. According to statistics, about 93% of smartphones in South Korea use these messengers. Cocoa is not only very popular in Korea now. And it has a lot of users from India, Malaysia, and Japan.
During the March 2011 earthquake in Japan, these messengers played a key role in facilitating the victims’ communication with their relatives.
This was probably due to the arrival of the Cocoa Company in Japan in July of that year. As mentioned in the introduction, this software is available in 15 languages.
English, French, German, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Simplified Chinese, Spanish, Thai, Traditional Chinese, Turkish, and Vietnamese are all languages supported by CocoaTac.
Application guide (cocoa)
Click here for tips on using the CocoaTock app.
This social network is one of the other social networks in South Korea and has over one million users.
There are many other commercial applications and sites that you can use in South Korea with a little searching.
Marketing methods in South Korea:
Attending international exhibitions
Use of business groups in digital marketing
Use Korean and international business sites
So there are different consumer behaviors in each country and knowing it can play a big role in more sales and better marketing.