South Korea FlagSouth Korea

Benefit All Mankind.

 

General


Population: 49,039,986 (2014), 48,955,203 (2013)
Land Area: 98,480 sq km
Natural Resources: Coal, tungsten, graphite, molybdenum, lead, hydro power potential
Capital: Seoul
Political System: Republic
State Leader: Park Geun-Hye (February 25th 2013)
Head of Government: Chung Hong-won (February 26th 2013)
Languages: Korean, English
Currency: South Korean Won (KRW)
Major Religions: Christian 26.3%, Buddhist 23.2%, Other or Unknown 1.3%, None 49.3%
Major Ethnicities: Korean 99.9%
Life Expectancy: 79.8 years (2014), 79.55 years (2013)

Economy


GDP Official Exchange Rate: 1.198 trillion (2013), 1.151 trillion (2012)
GDP Purchasing Power Parity: 1.666trillion (2013), 1.611trillion (2012)
GDP Per Capita (PPP): 33,200 (2013), 32,400 (2012)
GDP Growth Rate: 2.8% (2013), 2% (2012)
GDP Structure: Agriculture 2.6%, Industry 39.2%, Services 58.2% (2013)
Labour Force By Occupation: Agriculture 6.9%, Industry 23.6%, Services 69.4% (2013)
Industries: Electronics, telecommunications, automobile production, chemicals, shipbuilding, steel
Agriculture Products: Rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish
Human Development Index: 0.891 (15th)(2014), 0.909 (12th)(2013)
Tourism Revenue: 7.870 billion (2004)
Unemployment Rate: 3.2% (2013)

MilitarySouth Korea Map


Army Size: 687 700 (2004)
Budget: 2.7% of GDP (2006)

Current Situation

 

South Korea is located in East Asia. South Korea is bordered by China and North Korea. South Korea is a very developed country, South Korea is a leader in electronics, automobiles, ships, machinery, petrochemicals and robotics. South Korea is growing at a high pace for a developed economy, which is a very good sign of its dynamic economy. The current global recession has however dampened this pace.

(2014) South Korea's economy is quickly ramping up it's growth and should be reaching a respectable mid 3% this year as it continues to recover like other industrial countries from the global downturn.

Thoughts & Comments

 

Sources

CIA World Factbook: South Korea
The Economist: The World In 2014
Wikipedia: South Korea
http://hdrstats.undp.org/en/countries/profiles/KOR.html

Updated on: October 8th, 2014