South Korea has depended on outside sources to boost its economy for several decades; however, the dependence may be too high that the economy is vulnerable to the economic shocks in other places of the world. The highest recorded in history, 92%, was back in 2008 after the financial crisis by Wall Street.
Due to the nations vulnerability, the Korean government is choosing to alter its focus from the international market to the domestic. As an incentive for the populace, the government will lighten up on regulations in the local high-end industries.
Although it is certain that Korea cannot obtain a balanced trade, these actions could help it from becoming more vulnerable to the current economic crisis such as the one occurring in Europe right now.
