Official Name: | The Republic of Korea |
Sovereign Status: | Sovereign Country |
Government Type: | Presidential Republic |
Official Name (Local Language): | Taehan-min'guk |
ISO Country Codes: | KR : KOR |
Internet Domain: | .kr |
Government Web Site: | http://korea.assembly.go.kr/ |
Capital: | Seoul | Main Airports: | Incheon International Airport |
Language(s): | Korean | Population: | 51,715,162 |
Currency: | South Korean Won | ISO Currency Code: | KRW |
Telephone Dial In: | +82 | ID Prefix: | 001 |
Government Website: | http://korea.assembly.go.kr/ |
Sovereign Ratings: | https://countryeconomy.com/ratings/south-korea |
Central Bank: | Bank of Korea |
Currency USD Exchange Rate: | 1,084.65 South Korean won (KRW) per US dollar (2020 est.) |
Unemployment Rate: | 3.76% (2019 est.) |
Population below poverty line: | 14.4% (2016 est.) |
Inflation Rate: | 0.3% (2019 est.) |
Prime Lending Rate: | 2.74% (Dec-20 - TradingEconomics) |
GDP: | $1,647 billion |
GDP Pro Capita (PPP): | $42,765 (2019 est.) |
Currency Name: | South Korean Won |
Currency Code: | KRW |
World Bank Classification: | High Income |
GDP Composition:
Agriculture: | 2.2% | rice, root crops, barley, vegetables, fruit, cattle, pigs, chickens, milk, eggs, fish |
Industry: | 38.6% | electronics, telecommunications, automobile production, chemicals, shipbuilding, steel |
Services: | 59.2% |
Subject to Country Specific Sanctions? NO
The World Bank’s World Integrated Trade Solution
Business Language(s): | English; Korean |
Customs & Excise: | Korea Customs Service |
Development Bank(s): | Asian Development Bank; Asian Infrastructure Investment Bank; Korea Development Bank; |
National Standards Bureau: | Korean Agency for Technology and Standards |
Competitive Ind’l Performance: 13/141 (2019) | Corruption Perceptions Index: 33/180 (2020) |
Ease of Doing Business: 5/190 (2019) | Enabling Trade Index: 27/136 (2016) |
Global Trade Alert | Search ITC's Lega Carta |
World Bank Logistics Performance Index |
Eximbank: The Export-Import Bank of Korea ; Export Insurance Agency: Korea Trade Insurance Corporation ;
Export Promotion Agency: The Korea International Trade Association ; Investment Agency: Invest Korea ; Investment & Export Promotion Agency: Korea Trade-Investment Promotion Agency ;
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