South Korea Market Assignment Example | Topics and Well Written Essays - 1000 words

South Korea Market - Assignment Example Through planning, direct or indirect ownership and control of enterprises and financial institutions, regulation of foreign exchange, and implementation of appropriate monetary and fiscal policies, the Government played a crucial role in making market adjustments and maximizing incentives. This was aimed at pursuing the fulfillment of its desired economic, social, political, and cultural objectives. However, economic success, the increase in complexity of the economy, the emergence of a more democratic and pluralistic society, and increasing international competitiveness were crucial factors in bringing about a decline in governments’ role in the South Korean economy. The reformist thrust of government economic policy, realized in the 1980s, was underlined by the renowned emphasis on the need for greater efficiency in the economy. In addition, it improved labor productivity and enhanced competitiveness in order to meet the demands of globalization. The admission of South Korea , in December 1996, to membership of the Organization for Economic Co-operation and Development (OECD) was another watershed, which heightened the importance of economic reform, which is a step away from negativity – the Asian financial crisis, which highlighted long-standing structural weaknesses in the South Korean economy (Paik 69). Demographic Information of South Korea South Korea is, in fact, regarded as one of the world’s most densely populated countries, with 440 people per square kilometer. However, most people are concentrated in the major cities (Lie 16). The principal cities in South Korea include Seoul, Busan, Daegu, Ulsan, and Incheon. In these four cities, the population density is about two-thirds of the whole population of South Korea (Caselli 129). The country’s capital city is Seoul. It covers about 12% of the total country’s area. Like the other cities, it is home to approximately 45% of the country’s population; as such, the 3r d largest and populated urban center in the world. Current statistics show that more than 50% of the immigrants are moving to the capital city. Indeed, it has been speculated that about 55% of the national population will be living in the capital city. South Korea is officially recognized as the Republic of Korea with an area of 99,268 km2. According to information published by the World Bank, the total population is 48.747 million by 2009. Figure I. Republic of South Korea (Source: U.S. Department par. 1) The official language in the region is Korean, and it is closely related to Mongolian and Japanese. Although there is a clear difference in grammar with the Chinese language, a large number of the Chinese cognates still exist in the Korean language. Modern Korean articulates to hangul—a phonetic writing system—in their writings. The country borders North Korea on its Northern part. The country is also surrounded by a mass of water encompassing the Sea of Japan and th e Yellow Sea. It is separated from Japan by the Sea of Japan (Paik 77). Korea’s ethnical group has been regarded as the most linguistically homogenous in the whole world. The region is occupied by Koreans, however, about 20,000 people of Chinese descendants occupy some parts of the country. Indeed, all Koreans have a common linguistic and cultural heritage. The South Korean political system is based on the Republican form of governance. The President is the Head of State, and the Prime Minister acts as the Head of Government. The power is shared between the legislature, executive, and judiciary. Currently, the South Korean president is Lee Myung-bak, while the Prime Minister is Han Seung-soo.

Assembly of God Essay Example | Topics and Well Written Essays - 1000 words

Assembly of God - Essay Example atement of Fundamental Truths (SFT) defines the 16 basic components for AG ritual, which mostly include the two biblical ordinances of baptism and Holy Communion (Poloma, 2013). However, they do not baptize infants and regard baptism by water as public declaration of ones commitment to Christ. Notably, the AG believes in the Holy Trinity, which relates to only One True God revealed in three persons that include the Father, Son, and the Holy Spirit. Believers give their tithes and offerings that pay church bills (The General Council of the Assemblies of God, 2014). The doctrine of salvation in AG follows the teachings of Jacob Arminius that reckons that believers can fall from grace if they fail to repent their sins. The AG has unique Pentecostal beliefs where it follows a fundamentalist approach to the Bible. Notably, the AG concentrates on evangelism and missions, and faith healing crusades in practicing their religion. Worship in the AG adopts music as a major component practiced before, during and even after the service (The General Council of the Assemblies of God, 2014). The music has different accompaniments that inspire singing during the service. The music may include traditional hymns, hand-clapping gospel songs, contemporary compositions, or reverent worshipful choruses for congregational and special ministries (The General Council of the Assemblies of God, 2014). Subject to the congregational nature of the Assemblies of God, there is no formal liturgy, and most church bulletins do not include details about the order of service (Pol oma, 2013). However, most Sunday services follow a familiar routine that starts with a congregational hymn followed by worship session, prayer session, and the sermon (Poloma, 2013). The history of the Assemblies of God dates back to 1914 when a group of Evangelicals from the Pentecostal movement started the denomination (Gotquestions.org, 2014). The initial purpose of forming the AG was to foster unity and doctrinal