Hey I am working on an assignment in regards to South Korea. I am unsure of how
ID: 1140353 • Letter: H
Question
Hey I am working on an assignment in regards to South Korea. I am unsure of how to solve it. Please help me in solving the four aspects below.
1. Identity South Korea’s current ideologies (individualism or collectivism), political system (democracy or totalitarianism), and legal system (common law or civil law), and economic system (market economy or command economy).
2. When did South Korea become a democratic nation? Please provide your answer via the following criteria:
- Free and fair election
- Multi-party system
- Peaceful transition of power
- Political freedom (freedom of speech and assembly, etc.)
3. Is South Korea “Chaebol-based” economy “state capitalism”? Provide your answer via the definition of “state capitalism”.
4. How did Park Chung-hee’s dictatorship promote or hinder the economic development of South Korea? What can you learn from this?
* (Please answer each question with complete detail and please answer each question with 350-400 words total)*
Explanation / Answer
Answer-1.
A-South korea's current ideology is collectivism.
B-political system is democracy.
C-legal system of South Korea is civil law.
D-economic system is market economy.
Answer-2.
South Korea became democratic nation in 1980
South Korean Constitution and the Presidential Election Act of 1987,provided the first free and fair election in South Korea's.
South Korea adopted a multiparty system but the number of his party is not as much as the number of parties that exist in Indonesia. In the year 2008 there are 16 parties that follow the election, where every person is entitled to use their voting rights. developments mentioned that as of the year 2011, the Korean citizens have the right to vote in elections but are outside the country can register themselves to conduct elections through the online system so that they do not bother to return to their home countries to use their voting rights, of Here we see how the Korean government highly values and uphold democracy.
Answer-3
It is a political system in which the state has control of production and the use of capital.
Chaebol are large firms of South Korea which have strong ties with government agencies.Yes South Korea is a Chaebol-based economy state capitalism.
Answer-4.
Park Chung-hee’s was a authoritarian ruler.He was determined to develop South Korea.He approved and started many economic policies which will benefit the companies and will protect them from foreign competition.The economic policies also encouraged exports.Overall the polies developed South Korea.