Excuse me, I have a question. Is Korea the richest country in the world? I've heard a lot of talk about its economic strength and technology advancements, but I'm not sure if it's actually the wealthiest nation globally. Could you please clarify this for me? Also, if it's not the richest, who is? And what are the key factors that determine a country's wealth status?
7 answers
Martina
Mon Apr 01 2024
The economy of South Korea is characterized as a highly developed mixed economy.
CryptoLordGuard
Mon Apr 01 2024
In terms of nominal GDP, South Korea's economy reached a valuation of ₩2.24 quadrillion, equivalent to US$1.72 trillion.
SamuraiCourageous
Sun Mar 31 2024
The South Korean economy ranks fourth in Asia and twelfth in the world based on GDP.
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Sun Mar 31 2024
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