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South Korea economic development in 21 century. Here are major factors and state decisions or other evens that shaped the economy of South Korea in last decades:

The development of a skilled and educated workforce, including initiatives to improve the education system and provide training opportunities.

The implementation of market-friendly policies, including trade liberalization, deregulation, and privatization.

The establishment of a strong and independent central bank, responsible for monetary policy and financial stability.

The development of a well-functioning financial system, including banks, insurance companies, and capital markets.

The development of a well-functioning financial system, including banks, insurance companies, and capital markets.

The implementation of labor market reforms, including measures to increase flexibility and competitiveness.

The establishment of a supportive business environment, including low corporate tax rates and a favorable regulatory environment for entrepreneurs.

The expansion of the country's service sector, including finance, tourism, and technology.

The growth of the country's high-tech industries, including electronics, telecommunications, and biotechnology.

The establishment of a strong and transparent legal and regulatory framework, including measures to combat corruption and protect property rights.

The promotion of sustainable development and environmental protection, including initiatives to reduce carbon emissions and protect natural resources.

The implementation of trade agreements with other countries, including membership in the World Trade Organization and free trade agreements with various partners.

The implementation of trade agreements with other countries, including membership in the World Trade Organization and free trade agreements with various partners.

The development of a strong and effective system of government, including strong institutions and a free and independent media.