Question

Which resource is likely to have contributed to South Korea's rapid economic growth?

Answer 1

Answer-Natural Resources is likely to have contributed to South Korea's rapid economic growth. As we know that South Korea is rich in natural resources, In South Korea there are lots of coal mines, iron ore mines, graphite, gold, silver, tungsten, lead, and zinc, etc which is exported by the South Korea and also these are used to do development within the country. South Korea has among the world largest deposits of graphite, tungsten. In South Korea, half of their power produced with the help of thermal electric power as the conditions of South Korea are favorable for the Thermal eclectic production. Agriculture, fishing, and forestry are also contributing as a natural resource in the development of South Korea, but Fishing is contributing the most as fishing is a major source of income for citizens of South Korea, South Korea has become among the world’s major deep-sea fishing nations. Coastal fisheries and inland aquaculture are also developed in a proper manner and contributing to nations development as natural resources.