Although the whole world economy is still mired in stagnation caused by the sovereign debt crisis which started in the United States in 2008 and then continued to spread in Europe in 2012,Korea's economy has still achieved good development.Notable results were achieved in foreign trade,financial and monetary,industrial restructuring and corporate investment.The total foreign trade exceeded MYM 1trillion mark again in 2012 following the 2011.Korea rose as the eighth trading nation in the world.
Looking into the development of the Korean economy in 2013,the low interest rates,low growth and the aging will be the main problems that Korean economy development will face in the future.Whether successfully achieve substantial progress in 2013 China and Korea FTA negotiations which started in May 2012, and whether China-Japan-Korea FAT negotiation which was officially launched in November 2012 can proceed smoothly will be the important part of Korea's FTA strategy development.In addition,a series of domestic and foreign policy,which decided and adopted by Park Geun-hye who became the 18th president of ROK in February 2013,will have an important impact on development in the future.
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