South Korea is one of the fastest-developing nations in the Pacific Rim region. The country has been successful in accelerating its economic growth post the Korean War, 1953. Since the 1970s, the Government has provided a major boost to industries like Telecom, fuel, and electronics. Today, South Korea ranks in ship-building and steel manufacturing and is the tenth largest trading nation in the world. Its growing impact on the region has fostered opportunities for almost every business sector. Supportive government policies and agreements with various countries provide a very broad scope for every start-up to foster in the country. The country is today regarded as one of the four Asian Dragons through its electronic and technology exports. The innovative spirit combined with the risk-taking nature of consumers makes South Korea an ideal free-market economy for any business. .. South Korea is ranked 5th by World Bank in the ease of doing business index and 2nd by Bloomberg for Best emerging markets 2014. South Korea's major industries have been outlined in the paper along with the business prospects of each industry.