Korea, a peninsula about the same size as Minnesota, is divided in two separate countries. South Korea, a country slightly larger than Indiana, is surrounded by islands mainly to the south and west. It is bordered by the Yellow Sea to the south, the Sea of Japan (known in Korea as the East Sea) to t...

DIRECT LINKAGES Geographical proximity has facilitated capital flows, as north east Asian manufacturers of labor intensive exports moved their factories south to take advantage of the skilled labor which helped a lot Indonesia, Malaysia and Thailand. From policy view point these linkages have been ...