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Korea, South
Background: Following World War II, a republic was set up in the southern half of the Korean Peninsula while a communist government was installed in the north. Between 1950 and 1953, US and other UN forces intervened to defend South Korea from North Korean attacks supported by the Chinese; an armistice was signed in 1953. Thereafter, South Korea achieved amazing economic growth, with per capita income rising to 13 times the level of North Korea. In 1997, the nation suffered a severe financial crisis from which it continues to make a solid recovery. South Korea has also maintained its commitment to democratize its political processes.
Location: Eastern Asia, southern half of the Korean Peninsula bordering the Sea of Japan and the Yellow Sea Geographic coordinates: 37 00 N, 127 30 E Map references: Asia Area:
Area - comparative: slightly larger than Indiana Land boundaries:
Coastline: 2,413 km Maritime claims:
Climate: temperate, with rainfall heavier in summer than winter Terrain: mostly hills and mountains; wide coastal plains in west and south Elevation extremes:
Natural resources: coal, tungsten, graphite, molybdenum, lead, hydropower potential Land use:
Irrigated land: 13,350 sq km (1993 est.) Natural hazards: occasional typhoons bring high winds and floods; low-level seismic activity common in southwest Environment - current issues: air pollution in large cities; water pollution from the discharge of sewage and industrial effluents; drift net fishing Environment - international agreements:
Population: 47,470,969 (July 2000 est.) Age structure:
Population growth rate: 0.93% (2000 est.) Birth rate: 15.12 births/1,000 population (2000 est.) Death rate: 5.85 deaths/1,000 population (2000 est.) Net migration rate: 0 migrant(s)/1,000 population (2000 est.) Sex ratio:
Infant mortality rate: 7.85 deaths/1,000 live births (2000 est.) Life expectancy at birth:
Total fertility rate: 1.72 children born/woman (2000 est.) Nationality:
Ethnic groups: homogeneous (except for about 20,000 Chinese) Religions: Christian 49%, Buddhist 47%, Confucianist 3%, Shamanist, Chondogyo (Religion of the Heavenly Way), and other 1% Languages: Korean, English widely taught in junior high and high school Literacy:
Country name:
Data code: KS Government type: republic Capital: Seoul Administrative divisions: 9 provinces (do, singular and plural) and 6 special cities* (gwangyoksi, singular and plural); Cheju-do, Cholla-bukto, Cholla-namdo, Ch'ungch'ong-bukto, Ch'ungch'ong-namdo, Inch'on-gwangyoksi*, Kangwon-do, Kwangju-gwangyoksi*, Kyonggi-do, Kyongsang-bukto, Kyongsang-namdo, Pusan-gwangyoksi*, Soul-t'ukpyolsi*, Taegu-gwangyoksi*, Taejon-gwangyoksi* Independence: 15 August 1945, date of liberation from Japanese colonial rule National holiday: Liberation Day, 15 August (1945) Constitution: 25 February 1988 Legal system: combines elements of continental European civil law systems, Anglo-American law, and Chinese classical thought Suffrage: 20 years of age; universal Executive branch:
Legislative branch:
unicameral National Assembly or Kukhoe (299 seats - starting with the April 2000 election the number of seats will be reduced to 273; members elected by popular vote to serve four-year terms)
Judicial branch: Supreme Court, justices are appointed by the president subject to the consent of the National Assembly Political parties and leaders:
Grand National Party or GNP [YI Hoe-chang, president]; Millennium Democratic Party or MDP [KIM Dae-jung, president]; United Liberal Democrats or ULD [KIM Chong-p'il, honorary chairman]
Political pressure groups and leaders: 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 International organization participation: AfDB, APEC, AsDB, BIS, CCC, CP, EBRD, ESCAP, FAO, G-77, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IEA (observer), IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, MINURSO, NAM (guest), NEA, NSG, OAS (observer), OECD, OPCW, OSCE (partner), UN, UNCTAD, UNESCO, UNIDO, UNMOGIP, UNOMIG, UNU, UPU, WHO, WIPO, WMO, WToO, WTrO, ZC Diplomatic representation in the US:
Diplomatic representation from the US:
Flag description: 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
Economy - overview: As one of the Four Dragons of East Asia, South Korea has achieved an incredible record of growth. Three decades ago its GDP per capita was comparable with levels in the poorer countries of Africa and Asia. Today its GDP per capita is seven times India's, 13 times North Korea's, and comparable to the lesser economies of the European Union. This success through the late 1980s 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 1997-99 exposed certain longstanding weaknesses in South Korea's development model, including high debt/equity ratios, massive foreign borrowing, and an undisciplined financial sector. By 1999 it had recovered financial stability, turning a substantial decline in 1998 into strong growth in 1999. Seoul has also pressed the country's largest business groups to swap subsidiaries to promote specialization, and the administration has directed many of the mid-sized conglomerates into debt-workout programs with creditor banks. The major economic challenge for the next several years presumably is the maintenance of the pace of market reforms to restore the old growth pattern. GDP: purchasing power parity - $625.7 billion (1999 est.) GDP - real growth rate: 10% (1999 est.) GDP - per capita: purchasing power parity - $13,300 (1999 est.) GDP - composition by sector:
Population below poverty line: NA% Household income or consumption by percentage share:
Inflation rate (consumer prices): 0.8% (1999 est.) Labor force: 22 million (1998) Labor force - by occupation: services and other 68%, mining and manufacturing 20%, agriculture, fishing, forestry 12% (1998) Unemployment rate: 6.3% (1999 est.) Budget:
Industries: electronics, automobile production, chemicals, shipbuilding, steel, textiles, clothing, footwear, food processing Industrial production growth rate: 22% (1999 est.) Electricity - production: 221.258 billion kWh (1998) Electricity - production by source:
Electricity - consumption: 205.77 billion kWh (1998) Electricity - exports: 0 kWh (1998) Electricity - imports: 0 kWh (1998) Agriculture - products: rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish Exports: $144 billion (f.o.b., 1999) Exports - commodities: electronic products, machinery and equipment, motor vehicles, steel, ships; textiles, clothing, footwear; fish Exports - partners: US 17%, Japan 9%, China 9%, Hong Kong 7%, Taiwan 4% (1998) Imports: $116 billion (c.i.f., 1999) Imports - commodities: machinery, electronics and electronic equipment, oil, steel, transport equipment, textiles, organic chemicals, grains Imports - partners: US 22%, Japan 18%, China 7%, Australia 5%, Saudi Arabia 5% (1998) Debt - external: $142 billion (1999) Economic aid - recipient: $NA Currency: 1 South Korean won (W) = 100 chun (theoretical) Exchange rates: South Korean won (W) per US$1 - 1,130.32 (January 2000), 1,188.82 (1999), 1,401.44 (1998), 951.29 (1997), 804.45 (1996), 771.27 (1995) Fiscal year: calendar year
Telephones - main lines in use: 23.1 million (1998) Telephones - mobile cellular: 8.6 million (1998) Telephone system:
excellent domestic and international services
Radio broadcast stations: AM 106, FM 97, shortwave 6 (1999) Radios: 47.5 million (1997) Television broadcast stations: 121 (plus 850 repeater stations and the eight-channel American Forces Korea Network) (1999) Televisions: 15.9 million (1997) Internet Service Providers (ISPs): 11 (1999)
Railways:
Highways:
Waterways: 1,609 km; use restricted to small native craft Pipelines: petroleum products 455 km; note - additionally, there is a parallel petroleum, oils, and lubricants (POL) pipeline being completed Ports and harbors: Chinhae, Inch'on, Kunsan, Masan, Mokp'o, P'ohang, Pusan, Tonghae-hang, Ulsan, Yosu Merchant marine:
Airports: 103 (1999 est.) Airports - with paved runways:
Airports - with unpaved runways:
Heliports: 203 (1999 est.)
Military branches: Army, Navy, Air Force, Marine Corps, National Maritime Police (Coast Guard) Military manpower - military age: 18 years of age Military manpower - availability:
Military manpower - fit for military service:
Military manpower - reaching military age annually:
Military expenditures - dollar figure: $9.9 billion (FY98/99) Military expenditures - percent of GDP: 3.2% (FY98/99)
Disputes - international: Demarcation Line with North Korea; Liancourt Rocks (Takeshima/Tokdo) claimed by Japan |