Source
Central bank

Bank of Korea

International Reserves

US$ 306.935 billion (Source: IMF; Data updated: 2012)

Source
Gross Domestic Product - GDP

US$ 1.164 trillion (2010 estimate)

GDP (Purchasing Power Parity)

1.63 trillion of International dollars (2010 estimate)

Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
4% 7.2% 2.8% 4.6% 4% 5.2% 5.1% 2.3%
2009 2010 2011 2012*        
0.3% 6.3% 3.6% 3.5%        

*Estimate

GDP per capita - current prices

US$ 23,680 (2010 estimate)

GDP per capita - PPP

$33,172 International Dollars (2010 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.77% 1.43% 1.84% 1.97% 1.96%

**Forecast

 
 
Source
GDP - composition by sector

(Data released on February 2012)

  • agriculture: 3% 
  • industry: 39.4% 
  • services: 57.6% (2008 estimate)
Gross domestic expenditure on R&D; (% of GDP)

3.74% (2010)

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
2.8%(2008) 2.9% 4% 3.4%

*Estimate

Unemployment rate
2009 2010 2011 2012*
3.7% 3.7% 3.4%(2009) 3.3%

*Estimate

Household saving rates

3.8% (Net saving; 2012 forecast)

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
30.1% 33.8% 33.4% 34.1% 32.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
1.6% 0% 1.7% 2.3% 2.4%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: A+

Moody's rating: Aa3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$836.5 billion US$1.089 trillion US$994.3 billion
Largest companies in Korea, South

Korean Air (Airline), Hyundai Motor (Auto & Truck Manufacturers),Kia Motors (Auto & Truck Manufacturers), Hyundai Mobis (Auto & Truck Parts), Hankook Tire (Biotechs), NHN (Computer Services), Hyundai Engineering (Construction Service), Samsung Engineering (Construction Service), GS Engineering (Construction Service), Daelim Industrial (Construction Service), Kumho Industrial (Construction Service), LG Electronics (Consumer Electronics), Hana Financial Group (Consumer Financial Services), Samsung Card (Consumer Financial Services), DGB Financial Group (Consumer Financial Services), Lotte Shopping (Department Stores), E-mart (Discount Stores), OCI Co (Diversified Chemicals), Kumho Petro Chemical (Diversified Chemicals), Hanwha Chemical (Diversified Chemicals), Korea Zinc (Diversified Metals & Mining), Hyosung (Diversified Metals & Mining), Korea Electric Power (Electric Utilities), LS Corp (Electrical Equipment), LG Display (Electronics), Samsung Electro-Mechanics (Electronics), CJ (Food Processing), Hyundai Heavy Industries (Heavy Equipment), Samsung Heavy Industries (Heavy Equipment), DSME (Heavy Equipment), STX Corp (Heavy Equipment), Doosan Heavy Industries (Heavy Equipment), STX Offshore (Heavy Equipment), LG Corp (Household Appliance), Shinhan Financial (Investment services), KB Financial Group (Investment services), Woori Finance Holdings (Investment services), Posco (Iron & Steel), Hyundai Steel (Iron & Steel), Samsung Life Insurance (Life & Health Insurance), Korea Life Insurance (Life & Health Insurance), Korea Exchange Bank (Major Banks), Korea Gas (Natural Gas Utilities), SK Innovation (Oil & Gas Operations), SK Holdings (Oil & Gas Operations), S-Oil (Oil & Gas Operations), GS Holdings (Oil & Gas Operations), Doosan Infracore (Other Industrial Equipment), Hyundai Glovis (Other Transportation), Hanjin Shipping (Other Transportation), Hanjin Shipping Holdings (Other Transportation), Dongbu Insurance (Property & Casualty Insurance), Hyundai Marine & Fire (Property & Casualty Insurance), Samsung Fire & Marine (Real Estate), LIG Insurance (Real Estate), Industrial Bank of Korea (Regional Banks), Samsung Electronics (Semiconductors), Hynix Semiconductor (Semiconductors), LG Chem (Specialized Chemicals), SK Telecom (Telecommunications Services), KT (Telecommunications Services), Honam Petrochemical (Telecommunications Services), LG Uplus (Telecommunications services), KT&G (Tobacco), Samsung C&T (Trading Companies), SK Networks (Trading Companies), Hanwha Corp (Trading Companies), LG International (Trading Companies) (2012)

 
 
Source
Current account balance

US$ 22.2 billion (2011 estimate)(After 2008)

Current account balance by percentage of GDP

1.9% of GDP (2010 estimate)(2009)

Exports as percent of GDP(Exports of goods and services)

52.4% (2010)

(Data released on April 2012)

Shares in world total merchandising export

3.04%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export

2.25% (2011)(2007)

(Data were released in 2012)

Total exports

US$552.6 billion (2012 estimate) 

Export commodities

semiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships, petrochemicals

Total imports

US$514.2 billion (2012 estimate) 

 
 
Source
Import commodities

machinery, electronics and electronic equipment, oil, steel, transport equipment, organic chemicals, plastics

Exports - major partners

China 24.4%, US 10.1%, Japan 7.1% (2011 estimate)

Imports - major partners

China 16.5%, Japan 13%, US 8.5%, Saudi Arabia 7.1%, Australia 5% (2011 estimate)

FDI inflows
2009 2010 2011
US$7,501 million US$8,511 million(2009) US$4,661 million(2009)
FDI outflows
2009 2010 2011  
US$17,197 million US$23,278 million US$20,355 million  
Value of cross-border M&A;, by country of purchaser
2008 2009 2010 2011
US$3,882 million US$6,951 million(2009) US$9,949 million(2009) US$4,109 million
Cross-border M&A; deals worth over $3 billion completed in 2010(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2011(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project (Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 8 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 24 out of 185 countries(2009)

Enforcing Contracts: 2 out of 185 countries

Registering Property: 75 out of 185 countries

Getting credit: 12 out of 185 countries

Protecting investors: 49 out of 185 countries

Trading across border: 3 out of 185 countries

Paying Taxes: 30 out of 185 countries

Dealing with Construction Permits: 26 out of 185 countries

Getting Electricity: 3 out of 185 countries

Resolving Insolvency: 14 out of 185 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

19

(2012)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 31 Score: 69.9 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

 
 
Source
Total area

99,678 km2 (2006)

Capital

Seoul (2009)

Currency

South Korean won (KRW) (2009)

Government type

republic (2009)

Languages

Korean, English widely taught in junior high and high school

Religions

Christian 26.3% (Protestant 19.7%, Roman Catholic 6.6%), Buddhist 23.2%, other or unknown 1.3%, none 49.3% (1995 census)

Total population
1980 1990 2000 2012* 2017**
38.12 million 42.87 million 47.01 million 50.01 million 51.18 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
27.7% 56.7% 79.6% 83.2%
Population median age

38 years (2010)

Population growth rate

0.7% (2011)

Life expectancy

81 years (2010)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

31.59 (1998)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:2 (2011)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

169.4% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

83.8% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Seoul: 19th (2011)

Source
CO2 emissions(Metric tons of CO2 per capita)

10.62 (Data were released in 2012 and refer to 2009)

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