Seoul, the capital of South Korea, is a thriving center of trade and industry. The city houses some of the large industries of South Korea. Some of the flourishing industrial sectors of the city include textile, agriculture and fisheries, electronic products. The growth of industries and trade in the city has contributed to the growth of the city's economy as well as the economy of South Korea.
Seoul is the focal point of trade and industry and the economy of South Korea. Business infrastructure at Seoul is well developed. In the area of industrial sector, the share of real estate, finance, retail industries and telecommunications are higher in Seoul when compared to national average for South Korea’s other regions.
Seoul Trade
There are many sectors, which help the expansion of trade in Seoul. There is considerable development in machinery and textile industries of Seoul. Trade in Seoul revolves around the items of electronic products, agricultural and fishery products, textile and mineral products. In the year 2004, export by Seoul contributed to 11.7% of the total export by South Korea. The city's export materials were priced at US $ 29.924 billion.
Seoul Industry
Seoul is home to some of the largest corporation of the world like LG Group, Samsung, Kia Motors, and Hyundai. The geographical position of Seoul has
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encouraged expansion of trade and industries in the city. The location of the city is perfect to do business with Japan and China, which has the largest global market. Transportation network of the city is also well planned, which is one of the major reasons of expansion of Seoul trade and industry. Seoul acts as the land bridge between Europe and Northeastern Asia, which makes it an international center of logistics and business.
Some of the major industrial sectors of Seoul are:
- Electricity, Gas, Water Works
- Manufacturing Industry
- Wholesale, Retail
- Construction
- Transportation
- Real Estate and Business Service
- Finance and Insurance
Many trade shows are held regularly in Seoul. Some of the major industries that are involved in the trade shows include electronics, travel and tourism, sports and leisure industry. Some of the Seoul trade shows are:
- Korea Travel Expo
- Korea Electronic Parts & Equipment Show
- Seoul International Premium& Household Goods Show
- Kofa Aimex
- Seoul Living Design Fair
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