The Korean economy is one of the largest in Asia, characterized by its rapid growth and industrialization since the 1960s. It is known for its strong manufacturing sector, particularly in electronics, automobiles, and shipbuilding, with major companies like Samsung and Hyundai leading the way. In recent years, the economy has also focused on innovation and technology, investing heavily in research and development. Additionally, South Korea has a robust export market, with trade agreements that enhance its global economic presence. The economy faces challenges such as an aging population and income inequality, but it remains resilient and dynamic.