economic condition of south korea in the mid 19th century?20 marks
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The economy of South Korea is a highly developed mixed economy[19][20][21] dominated by family-owned conglomerates called chaebols. It is the 4th largest GDP in Asia and the 10th largest in the world.[22] It is a member of the OECD and the G-20. It is included in the group of Next Eleven countries as having the potential to play a dominant role in the global economy by the middle of the 21st century.
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