What is South Korea's number one industry?
Economy of South Korea
electronics
In the 1997 Asian financial crisis, the South Korean economy suffered a liquidity crisis[23] and relied on the bailout by the IMF that restructured and modernized the South Korean economy with successive DJnomics policy by President Kim Dae Jung,[24][25][26] including the resultant of the national development of the ICT industry.[27] Historically, subsidies were used as means of speeding up adoption of new technology in Korea and has ultimately helped the adoption and development of faster mobile standards for the economy of South Korea.[28] The growth of ICT industry has been far concentrated on the hardware sector, which focuses on expanding wired and wireless telecommunication network penetration rather than the software sector, which creates innovative applications and value-added services.[29] The economy of South Korea is the global leader of consumer electronics,[30] mobile broadband[31][32] and smartphones.[33] South Korea's LCD TV global market share also jumped to 37 percent in 2009, from 27 percent at the end of 2007, and it will soon replace Japan as the world’s number-one LCD TV supplier.[34] The economy of South Korea ranks No.1 in the world in ICT Development Index 2015 [35] and 2015 Bloomberg Innovation Index.[36]