The foreign trade turnover is highly concentrated. Four the large are provided by 57% of export of the country which is realized through the trading companies. Seven trading companies focus nearly 40% of export.
Changes in commodity structure of foreign trade found reflection in an exchange of technology. The main feature of geographical structure of an exchange of technology is that as her main supplier Japan, but not the USA acts.
Foreign trade a long time was reduced with deficiency that was promoted by increase in import of cars and the equipment. Deficiency of foreign trade did not become covered by other operations, and the main means of maintenance of external balance was use of external resources in various forms.
Domestic market showed demand mainly for final products, especially on consumer goods. In this and partially during the subsequent period economic development relied on growth of the local industry and decrease in import of goods which could be made in the country.
The second place in structure of economy was taken by trade. The greatest changes happened in the provision of manufacturing industry which specific weight increased by one and a half times — to 14,6%. But in structure of manufacturing industry the main place was taken by production of consumer goods — "sambek-konop" (three white productions. It is a flour grinding, production of sugar and processing of cotton which provided the main industrial output.
High degree of concentration of the capital promoted production efficiency increase, but in a smaller measure — employment of the population. Large corporations generally cover the advanced branches, the made products with a high capital intensity and knowledge intensity, and small and medium-sized enterprises — consumer goods and products which production does not demand big capital investments.
It is known that normal functioning of any economy is provided not only cash labor, natural resources, the capital, equipment and technology, but also ability of their rational connection providing production efficiency and sales markets of the made products.
As the main trade partners of South Korea at all stages of industrialization Japan and the USA acted. Developing countries of ATR played a role of suppliers of such goods as oil and other mineral raw materials, sales markets of industrial goods.
Foreign investments in the territory of developing countries are made with the purpose to translate there labor-consuming and material-intensive branches, to use local raw materials and labor, in the developed countries — to bypass external trade barriers, to get access to scientific and technical achievements of host countries.
In structure of import the main place is taken by the industrial equipment, raw materials and foodstuff. The considerable part of industrial materials and fuel (41%) and 25% of capital goods are re-exported. Specific weight of raw materials and fuel exceeds a half of import.
Special position in system of relationship of factors of production was held by labor. Strategy of rapid economic growth was followed by acute social issues, including growth of an inequality in distribution of the income, dissatisfaction of primary requirements, increase in poverty.
Creation export - the focused production was carried out at preservation of protectionism in domestic market. Thereby sought to reach positive balance on the current operations of the balance of payments and high growth rates which were slowed down by the small sizes of domestic market.
Value of the USA and Japan decreased a little. Relations with the ASEAN countries are strengthened. 14,3% of South Korean export and 5% of import fall to their share. As the largest trade partner in this region Singapore acts.
South Korea had many common features in factors and conditions of economic development with other east Asian countries and territories. They in a certain measure relied on assistance of industrialized countries, and first of all the USA.
South Korea in the second half of the current century represented dynamism of economic growth of developing countries of East Asia. Without possessing a little considerable natural resources, it makes about 2% of VMP, having only 0,8% of world population.