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Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about South Korea economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of South Korea best banks and safest banks are also available.
Upward of 20 companies went public on South Korea’s main market last year, raising around $14 billion—nearly double the previous record, set in 2010.
USD 403.7 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
USD 1,619.4 billion (2018, estimate)
International Monetary Fund (IMF), data retrieved October 2019
Intl$ 2,136.3 billion (2018, estimate)
International Monetary Fund (IMF), data retrieved October 2019
2014 | 2015 | 2016 | 2017* | 2018* |
3.3% | 2.8% | 2.9% | 3.1% | 2.7% |
*Estimate
(2016 estimate)
4.6% (2017)
OECD, data retrieved October 2019
2014 | 2015 | 2016 | 2017* | 2018* |
0.7% | 1.0% | 1.9% | 1.5% | 0.5% |
*Estimate
2014 | 2015 | 2016 | 2017* | 2018* |
3.6% | 3.7% | 3.7% | 3.8% | 4.0% |
*Estimate
2014 | 2015 | 2016* | 2017* | 2018* |
37.3% | 37.3% | 37.7% | 37.9% | 40.1% |
*Estimate
2014 | 2015 | 2016* | 2017* | 2018* |
-0.5% | 1.6% | 2.2% | 2.6% | 0.7% |
*Estimate
Standard & Poor's: AA
Moody's: Aa2
Standard & Poor's / Moody's (Updated January 2017)
2016 | 2017 | 2018 |
USD 1254.5 billion | USD 1771.8 billion | USD 1413.7 billion |
Hyundai Engineering, Daelim Industrial, GS Engineering, Samsung Electro-Mechanics, LG Uplus, Hyundai Glovis, DGB Financial Group, Celltrion, NH Investment & Securities, JB Financial Group, Lotte, Meritz Securities, Samsung Securities, SK Networks, Hyundai Steel, S-Oil, LG Household & Health Care, Hyundai Marine & Fire, Doosan, Hyundai Heavy Industries, Lotte Shopping, Meritz Financial Group, BNK Financial Group, Mirae Asset Daewoo, E-mart, Korea Investment Holdings, Naver, Korean Air, KT&G, Korea Zinc, Samsung Electronics, SK Hynix, Hyundai Motor, KB Financial Group, Shinhan Financial Group, SK Holdings, Posco, Samsung Life Insurance, Hyundai Mobis, Samsung C&T, KIA Motors, SK Innovation, LG Chem, SK Telecom, Hana Financial Group, LG Electronics, Samsung Fire & Marine, Woori Financial Group, Korea Electric Power, Industrial Bank of Korea, LG, Hanwha, Lotte Chemical, KT, Korea Gas, Samsung SDI, GS Holdings, Db Insurance, CJ Cheiljedang, LG Display, Samsung SDS, CJ Corporation
USD 76.4 billion (2018 estimate)
IMF - World Economic Outlook, October 2019
4.4% (2018 estimate)
IMF - World Economic Outlook, October 2019
44% (2018)
World Bank - World Development Indicators (updated Oct 2019)
3.11% (2018
1.65% (2018)
Semiconductors, petrochemicals, automobile/auto parts, ships, wireless communication equipment, flat displays, steel, electronics, plastics, computers
Crude oil/petroleum products, semiconductors, natural gas, coal, steel, computers, wireless communication equipment, automobiles, fine chemicals, textiles
China 25.1%, US 12.2%, Vietnam 8.2%, Hong Kong 6.9%, Japan 4.7% (2017)
China 20.5%, Japan 11.5%, US 10.5%, Germany 4.2%, Saudi Arabia 4.1% (2017)
2016 | 2017 | 2018 |
USD 12,104 million | USD 17,913 million | USD 14,479 million |
2016 | 2017 | 2018 |
USD 29,890 million | USD 34,069 million | USD 38.917 million |
2015 | 2016 | 2017 | 2018 |
USD 909 million | USD 4,596 million | USD 1,2646 million | USD 443.0 million |
N/A
N/A
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 5 out of 190 countries (2019)
Subcategories:
Starting a Business: 33 out of 190 countries
Dealing with Construction Permits: 12 out of 190 countries
Getting Electricity: 2 out of 190 countries
Registering Property: 40 out of 190 countries
Getting Credit: 67 out of 190 countries
Protecting Minority Investors: 25 out of 190 countries
Paying Taxes: 21 out of 190 countries
Trading across Borders: 36 out of 190 countries
Enforcing Contracts: 2 out of 190 countries
Resolving Insolvency: 11 out of 190 countries
13 out of 141 countries
(2019)
Ranking: 29 / Score: 72.3 (Mostly free)
(100=totally free 0=totally repressed)
Korean, English (widely taught in junior high and high school)
Protestant 19.7%, Buddhist 15.5%, Catholic 7.9%, none 56.9% (2015 est.)
1990 | 2000 | 2010 | 2015 | 2020* |
42.87 million | 47.01 million | 49.55 million | 51.02 million | 52.06 million |
*Estimate
1960 | 1980 | 2000 | 2018 |
27.7% | 56.7% | 79.6% | 81.5% |
0.5% (last available estimate, 2012)
31.6 (last available estimate, 2012)
Political Rights: 2
Civil Liberties: 2 (2019)
(1 represents the most free, 7 the least free rating)
Fixed 58.06% Mobile 118.46% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)