What's Up Korea?

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Wednesday, August 02, 2006

Koreans rosy about GDP growth


According to a poll on 500 Koreans conducted by Korea Chamber of Commerce and Industry, 98.7 per cent of respondents are positive about Korea being able to enter the ranks of $30,000-GDP per capita country bracket in ten years. As of 2005, GDP per capita stood at $16,291.

Most of respondents, however, don’t see highly the country status, giving 62.4 out of 100. Asked what should be done to become a developed country, 38.5 per cent points to dissolving social discord, followed by creating company-friendly environment (21.8%) and improving government’s competitiveness (19.7%).

As critical issues related to social discord, social disparity takes up 48.5 per cent, followed by labor union problems (20.2%) and regional disputes (14.8%).

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