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Car Rental South Korea

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Car Rental South Korea
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On October 12th, 2011, the U.S. Congress passed the 4-year long-stalled Free Trade agreement with South Korea along with similar trade agreements with Colombia and Panama. The name "Korea" is derived from Goryeo, a dynasty which ruled in the Middle Ages.

Car Rental South Korea

 

 

 

Total Area: 100,210 km² (38,691 sq. miles)

Population: 48,875,000 (2010 estimate)






General


Officially known as The Republic of Korea, South Korea, is a sovereign state in the southern part of the Korean Peninsula. Its neighbors are China to the west, Japan to the east, North Korea to the north, and the Korea Strait to the south. South Korea lies in the north temperate zone with a predominantly mountainous terrain. The capital and largest city is Seoul, with a population of 9,794,304.

South Korea is a presidential republic consisting of sixteen administrative divisions and is a developed country with a very high standard of living. It is Asia's fourth largest economy and the world's 15th (nominal) or 12th (purchasing power parity) largest economy (May 2012). The economy is export-driven, with production focusing on electronics, automobiles, ships, machinery, petrochemicals and robotics. South Korea is a member of the United Nations, WTO, OECD and G-20 major economies. It is also a founding member of APEC and the East Asia Summit.

The European Union (EU) and South Korea are important trading partners, having negotiated a free trade agreement for many years since South Korea was designated as a priority FTA partner in 2006. The free trade agreement was approved in September 2010, and took effect on July 1, 2011. South Korea is the EU's eighth largest trade partner, and the EU has become South Korea's second largest export destination. EU trade with South Korea exceeded €65 billion in 2008 and has enjoyed an annual average growth rate of 7.5% between 2004 and 2008.

The EU has been the single largest foreign investor in South Korea since 1962, and accounted for almost 45% of all FDI inflows into Korea in 2006. Nevertheless, EU companies have significant problems accessing and operating in the South Korean market due to stringent standards and testing requirements for products and services often creating barriers to trade.

 

Sources: Wikipedia, visitkorea

 

Weather

South Korea tends to have a humid continental climate and a humid subtropical climate, and is largely affected by the East Asian monsoon, with precipitation heavier in summer during a short rainy season called “Jangma”, which begins end of June through the end of July. South Korea has four distinct seasons; spring, summer, autumn and winter. Spring usually lasts from late-March to early- May, summer from mid-May to early-September, autumn from mid-September to early-November, and winter from mid-November to mid-March.

Winters can be extremely cold with the minimum temperature dropping below - 20 °C (-4 °F)in the inland region of the country: in Seoul, the average January temperature range is -7 °C to 1 °C (19 °F to 33 °F), and the average August temperature range is 22 °C to 30 °C (71 °F to 86 °F). Winter temperatures are higher along the southern coast and considerably lower in the mountainous interior. Summer can be uncomfortably hot and humid, with temperatures exceeding 30 °C (86 °F) in most parts of the country. There are occasional typhoons that bring high winds and floods.

Sources: lifeinkorea, Wikipedia, zkorea

Car Rental South Korea

Economy

South Korea has a market-oriented economy with a technically advanced transport network consisting of high-speed railways, highways, bus routes, ferry services, and air routes that criss-cross the country. Additionally it is a high-income developed country and is a member of OECD; it has a market economy which ranks 14th in the world by nominal GDP and 12th by purchasing power parity (PPP), identifying it as one of the G-20 major economies. South Korea is one of the Asian Tigers, and is the only developed country so far to have been included in the group of Next Eleven countries.

South Korea had one of the world's fastest-growing economies from the early 1960s to the late 1990s, and South Korea is still one of the fastest-growing developed countries in the 2000s, along with Hong Kong, Singapore, and Taiwan, the other three Asian Tigers.  South Koreans refer to this growth as the Miracle on the Han River. The South Korean economy is heavily dependent on international trade, and in 2010 South Korea was the sixth largest exporter and tenth largest importer in the world. South Korea is also the world's fifth-largest nuclear power producer and the second-largest in Asia as of 2010.

The International Monetary Fund compliments the resilience of the South Korean economy against various economic crises, citing low state debt, and high fiscal reserves that can quickly be mobilized to address financial emergencies. Despite the South Korean economy's high growth potential and apparent structural stability, the country suffers damage to its credit rating in the stock market due to the belligerence of North Korea in times of deep military crises, which has an adverse effect on South Korean financial markets.
South Korea is also big and investing has invested heavily in the areas of Robotics Aerospace and Biotechnology.

Sources: visitkorea, Wikipedia

 

Tourism

South Korea experienced solid growth in tourist arrivals in 2010, an increase of 12.5% from previous year and a Total of 8.8 Million. This is inline with S. Korea’s target of 10 Million tourist arrivals by 2012.

Most non-Korean tourists come from Japan, China, Taiwan and Hong Kong. The recent popularity of popular culture in these countries has increased tourist arrivals. Seoul is the principal tourist destination for visitors; popular tourist destinations outside of Seoul include Seorak-san national park, the historic city of Gyeongju and semi-tropical Jeju Island.

The majority of the South Korean tourist industry is supported by domestic tourism. Thanks to the country's extensive network of trains and buses, most of the country lies within a day's round trip of any major city. International tourists come primarily from nearby countries in Asia. From all the countries listed above, Japan, China, Hong Kong and Taiwan together account for roughly 75% of the total number of international tourists. In addition, the Korean wave has brought increasing numbers of tourists from Southeast Asia.

International tourists typically enter the country through Incheon International Airport, near Seoul, which was found to be the world's best airport in 2006. Also international airports in Busan are frequently used.
South Korea's historical tourist attractions include the ancient capitals of Seoul, Gyeongju and Buyeo. Many local districts hold annual festivals, such as the Boryeong Mud Festival and the Cheongdo Bullfighting Festival.

Car Rental South Korea

Car Hire in South Korea with MisterHire.Com

The majority of our clients tend to fly in and use our car hire services in and around Seoul city. Other locations include Busan and Jeju Airports as well as Sacheon, Gimpo, Yeosu and Gwangju.

Some natural landmarks to visit include the peaks of the Baekdudaegan, particularly Seorak-san and Jiri-san, the caves of Danyang and Hwanseongul, and beaches such as Haeundae and Mallipo. Apart from Jeju island, there are many smaller islands. Excursion ferries are quite common along the south and west coasts and also to Ulleung-do Island, off the east coast. Limited tourism mainly by South Koreans to the Liancourt Rocks (Dokdo) has grown in recent years as a result of the political status of the rocks.

With so many places to visit and see, South Korea’s road conditions are there for the taking for some serious and enticing adventures. You may pick up one of our rental cars in any South Korean location which is to your preference, such around Seoul city centre and airports such as . Our dedicated purchasing team compares prices across all the main suppliers such as Sixt, Europcar, Avis, Budget and Hertz in order to find you the best car rental rates possible, 24/7 all year round. Visit any of our pages or the orange car search facility in the top right section of this page and receive a concise, online and fully inclusive quote today and see how much can be saved on your next car rental in South Korea, simply by using our services.

 

Speed limits

Speed limits in South Korea are:

• Towns and cities  :   30-80 km/h (18-50 mph)
• Open Roads          :   60-80 km/h (36-50 mph)
• Motorways           :   80-120 km/h (50-75 mph)

Alcohol limits

For South Korea, the penalties for different blood alcohol content levels are as follows and include:
• 0.01–0.049 = No Penalty
• 0.05–0.09 = 100 days license suspension
• >0.10 = Cancellation of car license.

For Overseas visitors, there are steep fines for drivers not adhering to above alcohol limits in South Korea.

Sources: Wikipedia, osanguide

 

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