South Korea's dependent economy

The south Korean economy is indeed a dependent economy and a modern version of a colonial economy. Lets briefly survey some facts .

South Korea's external debt is $370 billion dollars (or $7,400 per head of population and its internal debt is $319 billion dollars. South Korea's debts are actually much higher than at the the time of the IMF bailout in 1998.
South Korea belongs to the imperialist controlled IMF , World Bank, World Trade Oganisation ,the G20 and APEC.

It has a number of shackling economic agreements with the US and recently conclude a so called "Free Trade Agreement ". South Korea is a playground for the transnational corporations of international monopoly capitalism . Here is a by no means exhaustive or comphrensive list of foreign companies in south Korea . Nor does it give a full picture of south Korea's dependency and domination by foreign companies as some 'south Korean' companies are either wholly owned by foreign capital such as the Korea Exchange Bank (bought by Lone Star of the US) or the Shinhan Corporation in which foreign banks have a stake or Samsung which is 82% foreign owned.

US companies
General Motors
Ford
IBM
Microsoft
Hewlett Packard
ITT
Apple
Berkshire Hathaway
Exxon Mobil
Energizer
Motorola
Chevron
Bank of America
Citibank
Metlife
J P Chase Morgan
Bank of New York
Coca Cola
Pepsi Cola
Johnson & Johnson
Dow Chemicals
McDonalds
Burger King
Pizza Hut
Kraft
Nike
GAP
Hilton Hotels
7 Eleven
Jones Lang LaSalle
Starbucks
Japanese companies
Aichi
Casio
Kubota
Mitibushi
Tokyo-Mitsubishi UFJ bank
Sumitomo Mitsui Banking Corporation
Mizuho Corporate Bank
Toshiba
Sony
Panasonic
Nichia
Nissan
Honda
Toyota
Lotte
NEC
Sanyo
Mitsui
Subaru
Nikon
Canon
Sanrio
Fujitsu
Hitachi
Family Mart
Sharp
Sanwa
Seiko
British companies
SC First Bank
HSBC
Barclays Bank
Tesco
BP
CBRE
Marks and Spencer
ICI
German
Deutsche Bank
BASF
Netherlands
Shell
Italy
Fila
France
Renault
BNP Paribas
Accor Hotels
J C Decaux
Spain
Santander
Zara
All these firms suck out billions out of south Korea every year and make the south Korean people slaves