Fix The Weaknesses For More And More Development.

In the past, Korea was very poor because we were a colony of Japan, and we had a big war between North Korea and South Korea from 1950 to 1953. Many people died because they didn’t eat anything, so many nurses and miners were dispatched to other countries such as Germany for earning money. Most Korean worked very hard to escape poverty. Now the South Korean economy is the eleventh biggest in the world, but we still have many weaknesses. If we fix these weaknesses, our economy will be even better than before. There are three problems: lack of resources, powerful government, and the gap between the rich and poor.

The first problem is about natural resources because Korean land is small. Besides, our land has separated North and South; therefore, we don’t have natural resources such as oil. We import oil, so our oil price is very expensive. American oil price is 3 dollars per gallon, but Korean oil price is more than 6 dollars per gallon. Because of this problem, all prices increase gradually, and the value of the money is falling. That is our first weak point.

The second problem is the powerful government. Actually, the powerful government is a good point. In the past, the government supported the big companies such as Samsung and Hyundai. Although our economy is really improved than before, but usually big companies have managed Korean economy. Many small companies were bankrupted; thus, unemployed person is increased, and some big cities more developed than other small cities. That resulted in the low regional economy.

The third problem is the gap between the rich and the poor. As mentioned above, the number of unemployed people has increased, and the persons who work in the big companies earn much money; as a result, the gap between the rich and the poor is widening. In addition, just some cities have developed, so the gap between each city is widening, too. That is the third weakness.

Korean worked very hard to escape poverty. Finally, we have escaped poverty, but we have three problems: lack of resources, powerful government, and the gap between the rich and the poor. Even though our economy is the eleventh in the world, we can’t develop if we don’t fix these problems. We need to fix these weaknesses for more and more development.