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The Republic of Korea (South Korea or ROK) is a highly developed, stable, democratic republic with powers shared between the president and the legislature. It has a modern economy, and tourist facilities are widely available. Koreas major industries are textiles, garments, and footwear that have given way to heavy industry, consumer electronics, and information industries. South Korea exports semiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships, and petrochemicals. Imports include machinery, electronics, oil, steel, transportation equipment, organic chemicals, and plastic. The main trading partners are China, Japan, and the United States.