th of |ts GD W 8ank|ng |nsurance rea| estate reta|||ng transportat|on and te|ecommun|cat|ons are the ma[or |ndustr|es PlsLory of !apan's servlce secLor W Iapans economy |n 1960's and 1970's was based on the rap|d expans|on |n automob||es stee| sh|pbu||d|ng chem|ca|s and e|ectron|cs W 8y the |ate 1970s the Iapanese economy began mov|ng towards a more serv|ce or|ented (tert|ary sector) base W 1he tert|ary sector grew from 47 of the work force |n 1970 to S92 |n 1990 ,a[or servlce secLor companles ln !apan W ,|tsub|sh| UII W ,|zuho W N11 W 1LCC W Nomura W Iapan A|r||nes W Iapan's serv|ce sector contr|butes 54 tr||||on to the economy NDA VS CnNA lna's servlce secLor W Ch|na's serv|ces sector accounts for 44 of |ts GD W ,a[or |ndustr|es are tour|sm |nsurance bank|ngsoftware etc PlsLory of lna's servlce secLor W 1||| 1970's Ch|na fo||owed a protect|on|st system of economy W Government started encourag|ng serv|ce enterpr|ses to reduce unemp|oyment ,a[or servlce secLor companles W 8eyondsoft W CDC Software W Ch|nasoft nternat|ona| Ltd W h|Soft 1echno|ogy nternat|ona| W Ch|na nsurance nternat|ona| no|d|ngs W Ch|na L|fe nsurance Company W Ch|na 1rave| Serv|ce W Ch|na's serv|ce sector contr|butes 5 2S tr||||on to the nat|ona| GD W Stark contrast w|th nd|an serv|ce sector NDA VS SCU1n kCkLA ouL korea's servlce secLor W South korea's serv|ce sector const|tutes S82 of the GD W 1he serv|ce |ndustr|es |nc|ude restaurants hote|s |aundr|es |nsurance hea|thre|ated serv|ces and enterta|nment bus|nesses PlsLory of Le servlce secLor W South korea's ear|y econom|c growth was spurred by rap|d growth |n manufactur|ng |ndustr|es W A f|nanc|a| cr|s|s |n 1989 and the As|an I|nanc|a| Cr|s|s bad|y affected manufactur|ng W n 2009 Govt started steps to deve|op serv|ce sector as |t was |agg|ng beh|nd ,a[or servlce secLor companles W 8ank of korea W k8 I|nanc|a| Group W Sh|nhan I|nanc|a| Group W nana I|nanc|a| Group W nanwhaDaehan L|fe nsurance Co Ltd W South korea's serv|ce sector contr|butes 5 S8S b||||on to the nat|ona| GD W ts serv|ce sector |s re|at|ve|y under deve|oped w|th the Government on|y recent|y |ntroduc|ng measures to shore up the sector