South Korea is a country located in East Asia with a population of 51.25 million and governed by a democratic system of government. This developed country has an annual GDP growth of 2.8% based on its 2nd quarter performance with a total of 7.03%. Current GDP divided by current population will give a value of $26,152 per capita. The recent ranking survey places South Korea 12th in the world and 3rd in Asia. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essayGDP DistributionThis graph represents the percentage of GDP covered by consumption. We can see here that every first quarter of every year, the percentage of consumption increases. The consumption value was $198 billion for 2016, $205 billion for 2017 and $215 billion for 2018 (all status of 1st quarter of each year). Total investments reached 32.35% of South Korea's GDP in Q2 2017 but were only 26.61% in Q1 2016. The investment trend here is quite the opposite of the consumption since in each 1st quarter of each year, investment decreases while in the 2nd-4th quarter it increases and stabilizes. From the graph, we can see that the trend of total government spending increases from 1st quarter to 3rd quarter but decreases in 4th quarter. However, the overall amount increases every year. The chart shows South Korea's total net exports for each month from 2016 to July 2018. For the trade component, it is quite unpredictable. You can only see a few trends, like for example, in the 1st month of every year, net exports decrease. However, it is not prudent to conclude anything for the remainder of the months without sufficient data. Its commercial component may decrease in some months, but it remains considerably nominal, or even higher than that of other countries. Trade Relations South Korea and the Philippines have strong ties due to events during the Korean War. South Korea is a major trader with the Philippines, and in 2006, it was the largest shipper to the Philippines, which increased tourism, education, and other departments. Exports to the Philippines reached 776,534 THO, which increased from last year and will continue to increase in the coming years. The benefits of this strong bond will be lower trade barriers, increased number of foreign products and services in both countries, and faster dissemination of knowledge, which in my opinion is very beneficial for the Philippines . The right chart talks about the change in inflation percentage over the months from 2016 to July 2018. There was an increase in the inflation rate in 2017, but it decreases as we enter 2018 and stabilizes. I assume that since from March to July the value has been constant, the value will not vary for the coming year. V. Forecast For short-term forecast, I believe South Korea's GDP will follow an upward trend based on the information I researched. Their business transactions are export oriented and their exports mainly focus on technological machines such as chips and storage devices which are in high demand worldwide. Added to this is an increase in exports of petrochemical products and vehicles. Korea is at the forefront of technological advancement and manufactures these products and then exports them to developed and developing countries. The system.