View source for More opening of South Korean economy to the world - Group 4

== 1. Description ==
Basically South Korea economy lead by export and that phenomenon will more grow because economic structure and free market system will more open to world through such as FTA with Japan & China & other nations. South Korea relies largely upon export to fuel the impressive growth of its economy, with finished products such as electronics, textiles, ships, automobiles, and steel being some of its most important exports. South Korea's economy has relied almost equally on exports and local demand. Exports contributed 98.2 percent to the growth, a sharp rise from 42.7 percent a year earlier. The data means that the country's economy could not grow without export expansion. This year, South Korea's exports continued to increase sharply, jumping 67.4 percent year-on-year. South Korea's exports in April jumped 38 percent year-on-year to a record $21.7 billion, extending the country's trade surplus for the 13th month in a row. 

== 2. Enablers ==
FTA with Japan and China and other countries

Bush administration’s economic police that press FTA & free market system to the world

World economic structure such as WTO system

South Korea’s economic structure that rely on export

== 3. Inhibitors ==
N/A

== 4. Paradigms ==
Current WTO system and FTA movement in world economy press South Korea economy to open the market and already it much opened and will open more.

== 5. Experts ==
South Korea Foreign Affairs and Trade Minister Ban Ki-moon

Woo Seong-ji, professor at Seoul’s Institute of Foreign Affairs and National Security
 
Jang Jip CHOI, director of the Asiatic Research Center

Carter J. ECKERT, Korea Institute, Harvard University

Balbina Y. Hwang, Policy Analyst for Northeast Asia in the Asian Studies Center

Anthony B. Kim, Research Associate in the Center for International Trade and Economics

== 6. Timing ==
2004 – FTA between South Korea & Chile 

2007 - FTA between South Korea & Japan

== 7. Web Resources ==
http://www.mocie.go.kr/eng/

http://ww.nam.org

http://ww.cnn.com

http://ww.eastwestcenter.org

http://www.yonhapnews.co.kr/

http://www.heritage.org