The system of state regulation remains a decisive factor in the formation and development of the country's financial system. It is the main regulator of export strategy through the development of five-year plans, the development of pricing, credit and tax policies. At the initial stage of industrialization, the most powerful lever of development was the public sector, formed on the basis of former Japanese ownership. The weight of the public sector in the country's economy is determined not only by the size of state enterprises, but also by the fact that most of the national income is distributed via the state budget.Say no to plagiarism . Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay South Korea's economic growth is a success story of the country's most significant economic development. The Republic of Korea achieved the so-called “economic miracle on the Han River” (Hanjhong, 1989). After the end of the Korean War in 1953, per capita income was only $67, the lowest income in the world. 40% of infrastructure was destroyed, or more than 40% in the industrial sector. Agricultural production is 27% lower than before the war. South Korea began its economic reconstruction in 1962, its economy becoming one of the fastest in the world. South Korea's economic transformation has been impressive. In less than 30 years, South Korea has rapidly transformed from an agrarian country to an industrial and commercial country. There is currently an economic model of competition with other countries. South Korea's radical economic growth began under the government of Jung Hee, who came to power following a military coup in 1961. He then established his authoritarian rule. According to some researchers, its policy was due to a relatively short period of time, reflected in the state of development. In 1965, agriculture accounted for 59.7% of total GDP, while services accounted for 27.9% and manufacturing at least 12.4%. Since the 2000s, the service sector started to account for 63.3%, the manufacturing sector 32.1% and agriculture 4.6%. Today, South Korea's nominal GDP is $1.619 billion. Its position occupies 12th place in the world ranking of gross domestic product (GDP) last year and its GNI is $31,349. Total exports amount to $605.2 billion and South Korea is the 5th largest exporter in the world. This last indicator represents an increase of 5.5% compared to the same period last year. South Korea's top ten exports include electronic integrated circuits powered by refined petroleum oils, automobiles, automobile parts or accessories, cruise ships or cargo ships, and then mobile devices. telephones. Two-thirds (67%) of South Korea's exports by value in 2018 were delivered to other Asian countries and 14.9% were sold to importers in North America. South Korea sent an additional 11.4% of goods to Europe. A smaller percentage came to Latin America (2.6%), excluding Mexico, but including the Caribbean, Oceania (2.3%), led by Australia and then Africa (1 .7%). The following groups of exported goods rank highest in value in U.S. dollars. of global shipments to South Korea in 2018. South Korea's top 10 exports are relatively concentrated, accounting for 85.2% of the total value of its supplies. The percentage that each export category