ARCHIVE // KR // 2008
Korea, South
2008 Edition — sovereign
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Communications
Internet country code
[time series]
.kr
Internet users
(Internet hosts)
[time series]
333,823 (2008)
Internet users
[time series]
35.59 million (2007)
Broadcast media
(Radio broadcast stations)
[time series]
AM 61, FM 150, shortwave 2 (2005)
Telecommunication systems
(Telephone system)
[time series]
general assessment: excellent domestic and international services featuring rapid incorporation of new technologies domestic: combined fixed-line and mobile-cellular telephone subscribership exceeds 140 per 100 persons; rapid assimilation of a full range of telecommunications technologies leading to a boom in e-commerce international: country code - 82; numerous submarine cables provide links throughout Asia, Australia, the Middle East, Europe, and US; satellite earth stations - 6 (3 Intelsat - 1 Pacific Ocean and 2 Indian Ocean; 3 Inmarsat - 1 Pacific Ocean and 2 Indian Ocean)
Telephones - fixed lines
(Telephones - main lines in use)
[time series]
23.905 million (2007)
Telephones - mobile cellular
[time series]
43.5 million (2007)
Broadcast media
(Television broadcast stations)
[time series]
43 (plus 59 cable operators and 190 relay cable operators) (2005)
Economy
Agricultural products
(Agriculture - products)
[time series]
rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish
Budget
[time series]
revenues: $262.2 billion expenditures: $225.8 billion (2007 est.)
Central bank discount rate
[time series]
3.25% (31 December 2007)
Commercial bank prime lending rate
[time series]
6.55% (31 December 2007)
Exchange rates
(Currency (code))
[time series]
South Korean won (KRW)
Current account balance
[time series]
$5.954 billion (2007 est.)
Debt - external
[time series]
$220.1 billion (31 December 2007)
Gini Index coefficient - distribution of family income
(Distribution of family income - Gini index)
[time series]
35.1 (2006)
Economic overview
(Economy - overview)
[time series]
Since the 1960s, South Korea has achieved an incredible record of growth and integration into the high-tech modern world economy. Four decades ago, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies. Today its GDP per capita is roughly the same as that of Greece and Spain. This success was achieved by a system of close government/business ties including directed credit, import restrictions, sponsorship of specific industries, and a strong labor effort. The government promoted the import of raw materials and technology at the expense of consumer goods and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea's development model including high debt/equity ratios, massive foreign borrowing, and an undisciplined financial sector. GDP plunged by 6.9% in 1998, then recovered by 9.5% in 1999 and 8.5% in 2000. Growth fell back to 3.3% in 2001 because of the slowing global economy, falling exports, and the perception that much-needed corporate and financial reforms had stalled. Led by consumer spending and exports, growth in 2002 was an impressive 7%, despite anemic global growth. Between 2003 and 2007, growth moderated to about 4-5% annually. A downturn in consumer spending was offset by rapid export growth. Moderate inflation, low unemployment, and an export surplus in 2007 characterize this solid economy, but inflation and unemployment are increasing in the face of rising oil prices.
Electricity - consumption
[time series]
368.6 billion kWh (2007)
Electricity - exports
[time series]
0 kWh (2007 est.)
Electricity - imports
[time series]
0 kWh (2007 est.)
Electricity - production
[time series]
412.7 billion kWh (2007 est.)
Exchange rates
[time series]
South Korean won (KRW) per US dollar - 929.2 (2007), 954.8 (2006), 1,024.1 (2005), 1,145.3 (2004), 1,191.6 (2003)
Exports
[time series]
$379 billion f.o.b. (2007 est.)
Exports - commodities
[time series]
semiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships, petrochemicals
Exports - partners
[time series]
China 22.1%, US 12.4%, Japan 7.1%, Hong Kong 5% (2007)
GDP (official exchange rate)
[time series]
$957.1 billion (2007 est.)
Real GDP (purchasing power parity)
(GDP (purchasing power parity))
[time series]
$1.206 trillion (2007 est.)
GDP - composition, by sector of origin
(GDP - composition by sector)
[time series]
agriculture: 3% industry: 39.4% services: 57.6% (2007 est.)
Real GDP per capita
(GDP - per capita (PPP))
[time series]
$25,000 (2007 est.)
Real GDP growth rate
(GDP - real growth rate)
[time series]
5% (2007 est.)
Household income or consumption by percentage share
[time series]
lowest 10%: 2.9% highest 10%: 25% (2005 est.)
Imports
[time series]
$349.6 billion f.o.b. (2007 est.)
Imports - commodities
[time series]
machinery, electronics and electronic equipment, oil, steel, transport equipment, organic chemicals, plastics
Imports - partners
[time series]
China 17.7%, Japan 15.8%, US 10.5%, Saudi Arabia 5.9% (2007)
Industrial production growth rate
[time series]
5.5% (2007 est.)
Industries
[time series]
electronics, telecommunications, automobile production, chemicals, shipbuilding, steel
Inflation rate (consumer prices)
[time series]
2.5% (2007 est.)
Investment (gross fixed)
[time series]
28.8% of GDP (2007 est.)
Labor force
[time series]
24.22 million (2007 est.)
Labor force - by occupation
[time series]
agriculture: 7.5% industry: 17.3% services: 75.2% (2007)
Market value of publicly traded shares
[time series]
$1.051 trillion (2007)
Natural gas - consumption
[time series]
34.83 billion cu m (2007 est.)
Natural gas - exports
[time series]
0 cu m (2007 est.)
Natural gas - imports
[time series]
33.38 billion cu m (2007 est.)
Natural gas - production
[time series]
390 million cu m (2007 est.)
Natural gas - proved reserves
[time series]
0 cu m (1 January 2006 est.)
Oil - consumption
[time series]
2.214 million bbl/day (2007 est.)
Oil - exports
[time series]
NA bbl/day
Oil - imports
[time series]
2.41 million bbl/day (2006)
Oil - production
[time series]
20,970 bbl/day (2007 est.)
Oil - proved reserves
[time series]
0 bbl (1 January 2006 est.)
Public debt
[time series]
28.2% of GDP (2007 est.)
Reserves of foreign exchange and gold
[time series]
$262.2 billion (31 December 2007)
Stock of direct foreign investment - abroad
[time series]
$82.1 billion (2006)
Stock of direct foreign investment - at home
[time series]
$119.6 billion (2007 est.)
Stock of domestic credit
[time series]
$1.061 trillion (31 December 2007)
Stock of narrow money
(Stock of money)
[time series]
$92.59 billion (31 December 2007)
Stock of narrow money
(Stock of quasi money)
[time series]
$541.7 billion (31 December 2007)
Unemployment rate
[time series]
3.3% (2007 est.)
Geography
Area
[time series]
total: 98,480 sq km land: 98,190 sq km water: 290 sq km
Area - comparative
[time series]
slightly larger than Indiana
Climate
[time series]
temperate, with rainfall heavier in summer than winter
Coastline
[time series]
2,413 km
Elevation
(Elevation extremes)
[time series]
lowest point: Sea of Japan 0 m highest point: Halla-san 1,950 m
Environment - current issues
[time series]
air pollution in large cities; acid rain; water pollution from the discharge of sewage and industrial effluents; drift net fishing
International environmental agreements
(Environment - international agreements)
[time series]
party to: Antarctic-Environmental Protocol, Antarctic-Marine Living Resources, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands, Whaling signed, but not ratified: none of the selected agreements
Total water withdrawal
(Freshwater withdrawal (domestic/industrial/agricultural))
[time series]
total: 18.59 cu km/yr (36%/16%/48%) per capita: 389 cu m/yr (2000)
Geographic coordinates
[time series]
37 00 N, 127 30 E
Geography - note
[time series]
strategic location on Korea Strait
Irrigated land
[time series]
8,780 sq km (2003)
Land boundaries
[time series]
total: 238 km border countries: North Korea 238 km
Land use
[time series]
arable land: 16.58% permanent crops: 2.01% other: 81.41% (2005)
Location
[time series]
Eastern Asia, southern half of the Korean Peninsula bordering the Sea of Japan and the Yellow Sea
Map references
[time series]
Asia
Maritime claims
[time series]
territorial sea: 12 nm; between 3 nm and 12 nm in the Korea Strait contiguous zone: 24 nm exclusive economic zone: 200 nm continental shelf: not specified
Natural hazards
[time series]
occasional typhoons bring high winds and floods; low-level seismic activity common in southwest
Natural resources
[time series]
coal, tungsten, graphite, molybdenum, lead, hydropower potential
Terrain
[time series]
mostly hills and mountains; wide coastal plains in west and south
Total renewable water resources
[time series]
69.7 cu km (1999)
Government
Administrative divisions
[time series]
9 provinces (do, singular and plural) and 7 metropolitan cities (gwangyoksi, singular and plural) provinces: Cheju-do, Cholla-bukto (North Cholla), Cholla-namdo (South Cholla), Ch'ungch'ong-bukto (North Ch'ungch'ong), Ch'ungch'ong-namdo (South Ch'ungch'ong), Kangwon-do, Kyonggi-do, Kyongsang-bukto (North Kyongsang), Kyongsang-namdo (South Kyongsang) metropolitan cities: Inch'on-gwangyoksi (Inch'on), Kwangju-gwangyoksi (Kwangju), Pusan-gwangyoksi (Pusan), Soul-t'ukpyolsi (Seoul), Taegu-gwangyoksi (Taegu), Taejon-gwangyoksi (Taejon), Ulsan-gwangyoksi (Ulsan)
Capital
[time series]
name: Seoul geographic coordinates: 37 33 N, 126 59 E time difference: UTC+9 (14 hours ahead of Washington, DC during Standard Time)
Constitution
[time series]
17 July 1948; note - amended or rewritten nine times; current constitution approved on 29 October 1987
Country name
[time series]
conventional long form: Republic of Korea conventional short form: South Korea local long form: Taehan-min'guk local short form: Han'guk abbreviation: ROK
Diplomatic representation from the US
[time series]
chief of mission: Ambassador Kathleen STEPHENS embassy: 32 Sejong-no, Jongno-gu, Seoul 110-710 mailing address: US Embassy Seoul, APO AP 96205-5550 telephone: [82] (2) 397-4114 FAX: [82] (2) 738-8845
Diplomatic representation in the US
[time series]
chief of mission: Ambassador LEE Tae-sik chancery: 2450 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 939-5600 FAX: [1] (202) 387-0205 consulate(s) general: Agana (Guam), Atlanta, Boston, Chicago, Honolulu, Houston, Los Angeles, New York, San Francisco, Seattle
Executive branch
[time series]
chief of state: President LEE Myung-bak (since 25 February 2008) head of government: Prime Minister HAN Seung-soo (since 29 February 2008) cabinet: State Council appointed by the president on the prime minister's recommendation elections: president elected by popular vote for a single five-year term; election last held 19 December 2007 (next to be held on in December 2012); prime minister appointed by president with consent of National Assembly; deputy prime ministers appointed by president on prime minister's recommendation election results: ROH Moo-hyun elected president on 19 December 2002; percent of vote - ROH Moo-hyun (MDP) 48.9%; LEE Hoi-chang (GNP) 46.6%; others 4.5%; LEE Myung-bak elected president on 19 December 2007; percent of vote - LEE Myung-bak (GNP) 48.7%; CHUNG Dong-young (UNDP) 26.1%); LEE Hoi-chang (independent) 15.1; others 10.1%
Flag
(Flag description)
[time series]
white with a red (top) and blue yin-yang symbol in the center; there is a different black trigram from the ancient I Ching (Book of Changes) in each corner of the white field
Government type
[time series]
republic
Independence
[time series]
15 August 1945 (from Japan)
International organization participation
[time series]
ADB, AfDB (nonregional members), APEC, APT, ARF, ASEAN (dialogue partner), Australia Group, BIS, CP, EAS, EBRD, FAO, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAIA, MIGA, NEA, NSG, OAS (observer), OECD, OPCW, OSCE (partner), PCA, PIF (partner), SAARC (observer), UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, UNMIL, UNMIS, UNMOGIP, UNOMIG, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO, ZC
Judicial branch
[time series]
Supreme Court (justices appointed by the president with consent of National Assembly); Constitutional Court (justices appointed by the president based partly on nominations by National Assembly and Chief Justice of the court)
Legal system
[time series]
combines elements of continental European civil law systems, Anglo-American law, and Chinese classical thought; has not accepted compulsory ICJ jurisdiction
Legislative branch
[time series]
unicameral National Assembly or Kukhoe (299 seats; 243 members elected in single-seat constituencies, 56 elected by proportional representation; to serve four-year terms) elections: last held 9 April 2008 (next to be held in April 2012) election results: percent of vote by party - NA; seats by party - GNP 153, UDP 81, LFP 18, Pro-Park Alliance 14, DLP 5, CKP 3, independents 25
National holiday
[time series]
Liberation Day, 15 August (1945)
Political parties
(Political parties and leaders)
[time series]
Creative Korea Party or CKP [MOON Kook-hyun]; Democratic Labor Party or DLP [CHUN Young-se]; Grand National Party or GNP [PARK Hee-tae]; Liberty Forward Party or LFP [LEE Hoi-chang]; Democratic Party or DP [CHUNG Sye-kyun] (formerly the United Democratic Party or UDP)
Political parties
(Political pressure groups and leaders)
[time series]
Federation of Korean Industries; Federation of Korean Trade Unions; Korean Confederation of Trade Unions; Korean National Council of Churches; Korean Traders Association; Korean Veterans' Association; National Council of Labor Unions; National Democratic Alliance of Korea; National Federation of Farmers' Associations; National Federation of Student Associations
Suffrage
[time series]
19 years of age; universal
Introduction
Background
[time series]
An independent Korean state or collection of states has existed almost continuously for several millennia. Between its initial unification in the 7th century - from three predecessor Korean states - until the 20th century, Korea existed as a single independent country. In 1905, following the Russo-Japanese War, Korea became a protectorate of imperial Japan, and in 1910 it was annexed as a colony. Korea regained its independence following Japan's surrender to the United States in 1945. After World War II, a Republic of Korea (ROK) was set up in the southern half of the Korean Peninsula while a Communist-style government was installed in the north (the DPRK). During the Korean War (1950-53), US troops and UN forces fought alongside soldiers from the ROK to defend South Korea from DPRK attacks supported by China and the Soviet Union. An armistice was signed in 1953, splitting the peninsula along a demilitarized zone at about the 38th parallel. Thereafter, South Korea achieved rapid economic growth with per capita income rising to roughly 14 times the level of North Korea. In 1993, KIM Young-sam became South Korea's first civilian president following 32 years of military rule. South Korea today is a fully functioning modern democracy. In June 2000, a historic first North-South summit took place between the South's President KIM Dae-jung and the North's leader KIM Jong Il. In October 2007, a second North-South summit took place between the South's President ROH Moo-hyun and the North Korean leader.
Military
Manpower available for military service
[time series]
males age 16-49: 13,691,809 females age 16-49: 13,029,859 (2008 est.)
Manpower fit for military service
[time series]
males age 16-49: 11,282,699 females age 16-49: 10,683,668 (2008 est.)
Manpower reaching militarily significant age annually
[time series]
male: 371,108 female: 325,408 (2008 est.)
Military and security forces
(Military branches)
[time series]
Republic of Korea Army, Navy (includes Marine Corps), Air Force (2008)
Military expenditures
[time series]
2.7% of GDP (2006)
Military service age and obligation
[time series]
20-30 years of age for compulsory military service, with middle school education required; conscript service obligation - 24-28 months, depending on the military branch involved (to be reduced to 18 months beginning 2016); 18-26 years of age for voluntary military service; women, in service since 1950, admitted to 7 service branches, including infantry, but excluded from artillery, armor, anti-air, and chaplaincy corps; some 4,000 women serve as commissioned and noncommissioned officers, approx. 2.3% of all officers (2008)
People
Age structure
[time series]
0-14 years: 17.4% (male 4,431,315/female 4,004,810) 15-64 years: 72% (male 17,760,975/female 17,095,436) 65 years and over: 10.5% (male 2,030,931/female 3,055,925) (2008 est.)
Birth rate
[time series]
9.09 births/1,000 population (2008 est.)
Death rate
[time series]
5.73 deaths/1,000 population (2008 est.)
Education expenditure
(Education expenditures)
[time series]
4.6% of GDP (2004)
Ethnic groups
[time series]
homogeneous (except for about 20,000 Chinese)
HIV/AIDS - adult prevalence rate
[time series]
less than 0.1% (2003 est.)
HIV/AIDS - deaths
[time series]
fewer than 200 (2003 est.)
HIV/AIDS - people living with HIV/AIDS
[time series]
8,300 (2003 est.)
Infant mortality rate
[time series]
total: 4.29 deaths/1,000 live births male: 4.52 deaths/1,000 live births female: 4.04 deaths/1,000 live births (2008 est.)
Languages
[time series]
Korean, English widely taught in junior high and high school
Life expectancy at birth
[time series]
total population: 78.64 years male: 75.34 years female: 82.17 years (2008 est.)
Literacy
[time series]
definition: age 15 and over can read and write total population: 97.9% male: 99.2% female: 96.6% (2002)
Median age
[time series]
total: 36.7 years male: 35.5 years female: 37.9 years (2008 est.)
Nationality
[time series]
noun: Korean(s) adjective: Korean
Net migration rate
[time series]
NA (2008 est.)
Population
[time series]
48,379,392 (July 2008 est.)
Population growth rate
[time series]
0.269% (2008 est.)
Religions
[time series]
Christian 26.3% (Protestant 19.7%, Roman Catholic 6.6%), Buddhist 23.2%, other or unknown 1.3%, none 49.3% (1995 census)
School life expectancy (primary to tertiary education)
[time series]
total: 17 years male: 18 years female: 15 years (2007)
Sex ratio
[time series]
at birth: 1.08 male(s)/female under 15 years: 1.11 male(s)/female 15-64 years: 1.04 male(s)/female 65 years and over: 0.66 male(s)/female total population: 1 male(s)/female (2008 est.)
Total fertility rate
[time series]
1.2 children born/woman (2008 est.)
Transnational Issues
Disputes - international
[time series]
Military Demarcation Line within the 4-km wide Demilitarized Zone has separated North from South Korea since 1953; periodic incidents with North Korea in the Yellow Sea over the Northern Limiting Line, which South Korea claims as a maritime boundary; South Korea and Japan claim Liancourt Rocks (Tok-do/Take-shima), occupied by South Korea since 1954
Transportation
Airports
[time series]
105 (2007)
Airports - with paved runways
[time series]
total: 68 over 3,047 m: 3 2,438 to 3,047 m: 21 1,524 to 2,437 m: 14 914 to 1,523 m: 11 under 914 m: 19 (2007)
Airports - with unpaved runways
[time series]
total: 37 914 to 1,523 m: 3 under 914 m: 34 (2007)
Heliports
[time series]
536 (2007)
Merchant marine
[time series]
total: 812 by type: bulk carrier 212, cargo 226, carrier 2, chemical tanker 133, container 80, liquefied gas 33, passenger 5, passenger/cargo 26, petroleum tanker 61, refrigerated cargo 16, roll on/roll off 9, specialized tanker 4, vehicle carrier 5 foreign-owned: 31 (China 1, Japan 20, Norway 2, UK 1, US 7) registered in other countries: 363 (Belize 1, Cambodia 22, China 1, Cyprus 1, Honduras 6, Hong Kong 3, Kiribati 2, Liberia 3, Malta 2, Marshall Islands 10, Mongolia 1, Netherlands 1, Panama 303, Russia 1, Singapore 3, Tuvalu 1, unknown 2) (2008)
Pipelines
[time series]
gas 1,482 km; refined products 827 km (2007)
Ports
(Ports and terminals)
[time series]
Inch'on, P'ohang, Pusan, Ulsan
Railways
[time series]
total: 3,472 km standard gauge: 3,472 km 1.435-m gauge (1,342 km electrified) (2006)
Roadways
[time series]
total: 102,062 km paved: 90,417 km (includes 3,103 km of expressways) unpaved: 11,645 km (2006)
Waterways
[time series]
1,608 km (most navigable only by small craft) (2007)