THE ROLE OF INNOVATION IN THE ECONOMIC DEVELOPMENT OF SOUTH KOREA

The world is constantly changed by new scientific and technical discoveries, which benefit the developers of these technologies, the host states and, last but not least, the users. Of the many areas available, we have chosen the market of smartphones, more specifically the one of Samsung, a company which has constantly evolved and has been able to compete with Apple. This development has not only affected the company, but it also generated an increase in the formation of GDP in South Korea and, as a result, it impacted the country's economic development.