Read the following presentation and give a review or summary of it and if you have used any reference please post the reference as well South Korea Legal aspect

The South Korean legal system is a mixture of Japanese, Anglo American, and European judicial systems.

Korea has a traditional civil law system.

The main sources of law are as follows, in order of their superiority:

The Constitution.

The laws (Acts) passed by the NA, and treaties duly concluded and promulgated under the Constitution, and the generally recognized rules of international law.

Presidential decrees.

Ordinances issued by the prime minister and/or the head of each executive ministry.

Treaties duly concluded and promulgated under the Constitution and the rules of international law have the same effect as the domestic laws of Korea.

Economical Factors Foreign investment

Foreign investment is restricted in certain industries such as:

Nuclear fuel processing.

Electricity generation (partial).

Meat wholesale (partial).

Food crop cultivation (rice and barley).

Radio and terrestrial television broadcasting. Investments in other forms of broadcasting are partially permitted.

Telecommunications (partial).

Publication of newspapers, magazines and periodicals (partial).

Passenger transportation and carriage of goods (partial).

A foreign investment must be reported under the Foreign Investment Promotion Act (FIPA) or under the Foreign Exchange Transaction Act.

CONSISTENT GROWTH

South Korea has achieved remarkable growth and progress for the past four decades. Nowadays, it is one of the worlds most developed and advanced countries. Its a prominent partner of the World Bank that lends monetary support to the worlds poor countries.