South Korea Media Landscape
South Korea is one of the world's wealthiest nations, and is a member of the Organization for Economic Co-operation and Development (OECD) and the G-20 major economies. It is a developed country, with a mature market and high-income economy. South Korea has a market economy that ranks 13th in the world by 2014 nominal GDP and is the world’s seventh-largest exporter which shipped $559.6 billion worth of products around the globe in 2013. That figure represents .1% of worldwide exports, which are estimated at $18.1 trillion. Overpopulation (51,218,424 as of May 2014) and a relative lack of natural resources has deterred continued population growth and the formation of a large internal consumer market. The country has adapted by implementing an export-oriented economic strategy to fuel its economy.