CHAPTER

ECONOMIC DIFFERENCE BETWEEN MALAYSIA AND KOREA

The poorest country during the 60s is the South Korea with a per capita
income of less than US$100 and Malaysia having a per capita income of
US$200 and it making Malaysia was number two after Japan in Asia.But
now, situation was difference because South Korea per capita income is
US$23,021 and twice more than per capita Malaysians US$10,578.
From the analysis South Korea GDP growth between year 2000
until 2011 , GDP is lowest in 2000 with US$445.399 and increase with 20%
from before and its was slighty dropped in 2002. During that year, GDP was
steadily roses year by year until the GDP become US$1049.236 in
2008.The GDP 56% it was increase compare to the year 2000. After that,
GDP start to fall down for two years and its was make the GDP become
US$834.06 in 2010.In 2011 the GDP increase again and making the GDP

was nearest with GDP in 2008.Overall the GDP per capita was increase and
GDP growth rate was flatten in South Korea .
From the analysis Malaysia GDP growth rate , in 2000 3.3%
GDP was started and was dropped to 0.2% in 2003.Its showed that the GDP
was decrease among this year and its was at most nearest to 0%.In 2004 the
GDP start to climb with 2% and 2.8% in year 2005.But in 2006 GDP was
decrease back to 0.8% and stay descend to 0.4% for two years before
Malaysia GDP increase slightly with 1.1% .In 2009 GDP was shocked
decrease to -7.6% and its was very lowest GDP among 10 years.After that,
GDP was increase five times percentage than year 2009 and GDP is 2% on
2010 and increase to 2.8% in 2011.We can conclude the Malaysia GDP is
always fluctuated.GDP per capita is increased and GDP annual growth rate
was flatten and remain same.
Otherwise, the economy in South Korea was influenced by
automobile in the 1980s.The capacity motor industry was rises five times
and it exceeded 1million units.After that demand for car was increased ang
making the total cost manufacturing also increase.Total automobile was
exported 576,134 units and United States was demand 83.3% automobile
from Korea.As we know now, brand from Korea such Samsung and LG is
popular among us because the technology that used to making it very
advanced.Effect from that making South Korea having a largest automobile
producers and prove it they was move on in technology as the instance
South Korea has Hyundai Kia Automotive Group and making it country as
the largest marker.

Economy in Malaysia was export semiconductor device and commucation

technology product in 1987-1997 . This was make Malaysia is one of the
world largest exporters that made up by 54% manufactured exports.In 2010
the growth of mobile phones was dropped within 2% and making 15% in
2011 to get almost 4.5 million units.The reasons is the decline in demand
for devices .From this we can see Malaysia automobile was not demand by
people surrounding and contribute just a little bit to economy of
Malaysia.South Korea always making people demand to their product but
Malaysia just a few demand to their product . This is the difference we can
see between two countries what factor that effected to their economy.

EXAMPLE : PRODUCT FROM KOREA

EXAMPLE : PRODUCT FROM MALAYSIA