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Facts & Stats

About Korea

General overview

About Korea
Country Republic of Korea (ROK)
Capital Seoul
Size 100,460㎢
Population 51 million (as of 2016, source: MOI)
Language Korean
Religions Buddhists (24%), Protestants (23%), Catholics (8%), others (0.8%), none (44.2%)
Climate Continental climate with four distinct seasons
Time Difference GMT + 9 hours
Political System Democratic republic, presidential system
Economic Scope World's 11th largest economy (by GDP as of 2016, source: IMF), an OECD member
Currency KRW
Leading Industries ICT, electronics, semiconductor, automobile, shipbuilding, steel, petrochemical, etc.

 

Economic indicators

년도별 경제지표
Classification 2012 2013 2014 2015 2016
GDP
(USD Bn.)
1,223 1,306 1,411 1,378 1,404
(as of Oct)
GDP per capita
(USD)
24,454 25,998 27,989 27,221 27,633
(as of Oct)
Economic growth rate
(%)
2.3 2.9 3.3 2.6 1.3
(as of Jun)
Consumer price index
(%)
2.2 1.3 1.3 0.7 1.0
(as of Oct)
Employment rate
(%)
59.4 59.5 60.2 60.3 61.0
(as of Aug)

Trade volume

(USD Mil.)

1,067,454 1,075,218 1,098,180 963,256 583,557
(as of Aug)
Export
(USD Mil.)
amount 547,870 559,632 572,665 526,757 322,305
(as of Aug)
increase rate(%) -1.3 2.1 2.3 -8.0 -8.8
(as of Aug)
Import
(USD Mil.)
amount 519,584 515,586 525,515 436,499 261,252
(as of Aug)
increase rate(%) -0.9 -0.8 1.9 -16.9 -11.6
(as of Aug)
Balance of trade
(USD Mil.)
28,285 44,047 47,150 90,258 61,053
(as of Aug)
FDI
(USD Mil.)
16,286 14,548 19,003 20,910 10,554
(as of Jun)
Foreign exchange reserves
(USD Mil.)
326,968 346,460 363,593 367,962 377,770
(as of Sep
Foreign exchange
(WON/USD)
1,126.88 1,095.04 1,053.22 1,131,49 1,111.30
(as of Oct)
Bank of Korea base rate(%) 2.75 2.50 2.00 1.50 1.25


* Source: Bank of Korea, KITA, MOTIE, IMF

* Note: FDI is based on the notified amount. Yearly foreign exchange is based on December 31. The foreign exchange of 2016 is based on October 1.

GDP

GDP(단위:USD Bn.)
  • 2011 : 1,150
  • 2012 : 1,129
  • 2013 : 1,304
  • 2014 : 1,410
  • 2015 : 1,435

Economic growth rate

경제성장률(%)
  • 2011 : 3.7%
  • 2012 : 2.0%
  • 2013 : 3.0%
  • 2014 : 3.3%
  • 2015(상반기) : 0.3%

Consumer price index

물가상승률(%)
  • 2011 : 4.0%
  • 2012 : 2.2%
  • 2013 : 1.3%
  • 2014 : 1.3%
  • 2015(8월) : 0.2%

Bank of Korea base rate

한국은행 기준금리(%)
  • 2011 : 4.0%
  • 2012 : 2.2%
  • 2013 : 1.3%
  • 2014 : 1.3%

Foreign exchange

FDI

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