The Korean economy is known for its rapid growth and development, particularly since the 1960s. It transformed from a primarily agrarian society to a highly industrialized nation, becoming one of the largest economies in Asia. Key industries include electronics, automobiles, and shipbuilding, with major companies like Samsung and Hyundai leading the way. South Korea's economy is characterized by a strong export sector, which accounts for a significant portion of its GDP. The government plays an active role in economic planning and development, fostering innovation and technology. Additionally, the country has a well-educated workforce, contributing to its competitive edge in the global market.