Editing Economy of South Korea (section)

===High-tech industries in the 1990s and 2000s===
In 1990, South Korean manufacturers planned a shift in future production plans toward high-technology industries. In June 1989, panels of government officials, scholars, and business leaders held planning sessions on the production of such goods as new materials, mechatronics—including industrial robotics—bioengineering, microelectronics, fine chemistry, and aerospace. This shift in emphasis, however, did not mean an immediate decline in heavy industries such as automobile and ship production, which had dominated the economy in the 1980s.{{Citation needed|date=November 2012}}

South Korea relies upon exports to fuel the growth of its economy, with finished products such as electronics, textiles, ships, automobiles, and steel being some of its most important exports. Although the import market has liberalised in recent years, the agricultural market has remained [[Protectionism|protectionist]] due to disparities in the price of domestic agricultural products such as rice with the international market. As of 2005, the price of rice in South Korea was four times that of the average price of rice on the international market, and it was believed that opening the agricultural market would affect South Korean agricultural sector negatively. In late 2004, however, an agreement was reached with the [[World Trade Organization|WTO]] in which South Korean rice imports will gradually increase from 4% to 8% of consumption by 2014. In addition, up to 30% of imported rice will be made available directly to consumers by 2010, where previously imported rice was only used for processed foods. Following 2014, the South Korean rice market will be fully opened.{{Citation needed|date=November 2012}}

South Korea today is known as the Launchpad of a mature mobile market, where developers thrive in a market where few technology constraints exist. There is a growing trend of inventions of new types of media or apps, using the 4G and 5G internet infrastructure in South Korea. South Korea today has the infrastructure to meet a density of population and culture that has the capability to create strong local particularities.<ref>{{Cite web|url=http://www.innovationiseverywhere.com/south-korean-startups-save-conglomerates/|title=Can South Korean Startups (and the government) Save its Flailing Giant Tech Conglomerates? – Innovation is Everywhere|last=Tesla|first=Agence|date=22 June 2016|language=en-US|access-date=18 July 2016|archive-date=25 September 2016|archive-url=https://web.archive.org/web/20160925080223/http://www.innovationiseverywhere.com/south-korean-startups-save-conglomerates/|url-status=live}}</ref>