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Solid Economic Fundamentals

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Sound & Robust Economy

Korea is the world’s 10th largest economy, with a value of approximately USD 1.6 trillion. Also, Korea’s economic fundamentals are solid, with its trade volume ranking 6th as of 2022, and with the 9th largest foreign exchange reserves in the world as of February 2023. The country’s stable economy continues to support business management and growth.
Please refer to the information below Please refer to the information below
  • GDP 10th (2022) - USD 1.66 T (2022)
  • Trade Amount 6th (2022) - USD 1.41 T (2022)
  • Export Amount (2022) - USD 683.6 B (2022)
  • Foreign Exchange Reserves (Feb. 2023) - USD 426.1 B (Mar. 2023)
※ Source: International Monetary Fund (IMF), Korea International Trade Association (KITA), Bank of Korea (BOK), Korea Exchange, Brand Finance, Korean Statistical Information Service (KOSIS)

Major Economic Indicators

Major Economic Indicators Statistics, Current, Current, Unit, Graph/Chart/ Table
Indicator Latest Data Unit Base year Chart
GDP (nominal, denominated in dollars) 0 100 millions, USD 2023 chart
Real GDP Growth Rate 1.4 % 2023 chart
Population Projection 51,500,029 persons 2024 chart
Registered Foreigner 1,093,891 persons 2021 chart
Base Rate 3.5 % 2024.01 chart
Unemployment 3.7 % 2024.01 chart
Employment 61 % 2024.01 chart
Active Population 28,815 thousands , persons 2024.01 chart
Labor Force Participation Rate 63.3 % 2024.01 chart
Current Account Balance 7,414.6 millions, USD 2023.12 chart
Foreign Exchange Reserves 415,758,762 10 millions, USD 2024.01 chart
Exports 54,700,279 10 millions, USD 2024.01 chart
Daily Indicators
Daily Indicators KRW/USD(Closing Rate),KRW/JPY(100Yen),KRW/EURO,KRW/CNY(Closing Rate),KOSPI ,KOSDAQ
KRW/USD(Closing Rate) KRW/JPY(100Yen) KRW/EURO KRW/CNY(Closing Rate) KOSPI KOSDAQ
1,331
(24.02.23)
884.53
(24.02.23)
1,440.74
(24.02.23)
184.99
(24.02.23)
2,667.7
(24.02.23)
868.57
(24.02.23)