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Korea, South
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:
Areacomparative: 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
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 Environmentcurrent issues: air pollution in large cities; water pollution from the discharge of sewage and industrial effluents; drift net fishing
Environmentinternational agreements:
Population: 46,416,796 (July 1998 est.)
Age structure:
Population growth rate: 1.01% (1998 est.) Birth rate: 16.08 births/1,000 population (1998 est.) Death rate: 5.67 deaths/1,000 population (1998 est.) Net migration rate: -0.31 migrant(s)/1,000 population (1998 est.)
Sex ratio:
Infant mortality rate: 7.79 deaths/1,000 live births (1998 est.)
Life expectancy at birth:
Total fertility rate: 1.79 children born/woman (1998 est.)
Nationality:
Ethnic groups: homogeneous (except for about 20,000 Chinese) Religions: Christianity 49%, Buddhism 47%, Confucianism 3%, pervasive folk religion (shamanism), 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 National 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; notedate 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; 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 (GNP), CHO Sun, president; National Congress for New Politics (NCNP), Kim Dae-jung, president; United Liberal Democrats (ULD), PAK Tae-chun, president; New People's Party (NPP), YI In-che, president
Political pressure groups and leaders: Korean National Council of Churches; National Democratic Alliance of Korea; National Federation of Student Associations; National Federation of Farmers' Associations; National Council of Labor Unions; Federation of Korean Trade Unions; Korean Veterans' Association; Federation of Korean Industries; Korean Traders Association; Korean Confederation of Trade Unions International organization participation: AfDB, APEC, AsDB, BIS (pending member), CCC, CP, EBRD, ESCAP, FAO, G-77, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, MINURSO, NSG, OAS (observer), OECD, OSCE (partner), UN, UNCTAD, UNESCO, UNIDO, UNMOGIP, UNOMIG, UNU, UPU, WHO, WIPO, WMO, WToO, WTrO
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
Economyoverview: 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 eight times India's, 15 times North Korea's, and already up with 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 1997/98 exposed certain longstanding weaknesses in South Korea's development model, including high debt/equity ratios, massive foreign borrowing, and an undisciplined financial sector. Also, a number of private sector conglomerates are near bankruptcy. At yearend 1997, an international effort, spearheaded by the IMF, was underway to shore up reserves and stabilize the economy. Growth in 1998 will be sharply cut. Long-term growth will depend on how successfully South Korea implements planned economic reforms that would bolster the financial sector, improve corporate management, and open the economy further to foreign participation. GDP: purchasing power parity$631.2 billion (1997 est.) GDPreal growth rate: 6% (1997 est.) GDPper capita: purchasing power parity$13,700 (1997 est.)
GDPcomposition by sector:
Inflation rateconsumer price index: 5% (1996)
Labor force:
Unemployment rate: 2% (1996)
Budget:
Industries: electronics, automobile production, chemicals, shipbuilding, steel, textiles, clothing, footwear, food processing Industrial production growth rate: 8.2% (1996) Electricitycapacity: 31.665 million kW (1995) Electricityproduction: 174.52 billion kWh (1995) Electricityconsumption per capita: 3,831 kWh (1995) Agricultureproducts: rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish catch of 2.9 million metric tons, seventh largest in world
Exports:
Imports:
Debtexternal: $154 billion (1998 est.) Economic aid: $NA Currency: 1 South Korean won (W) = 100 chun (theoretical) Exchange rates: South Korean won (W) per US$11,706.80 (January 1998), 951.29 (1997), 804.45 (1996), 771.27 (1995), 803.45 (1994), 802.67 (1993) Fiscal year: calendar year
Telephones: 16.6 million (1993)
Telephone system: excellent domestic and international services
Radio broadcast stations: AM 79, FM 46, shortwave 0 Radios: 42 million (1993 est.) Television broadcast stations: 256 (57 of which are 1 kW or greater) (1987 est.) Televisions: 9.3 million (1992 est.)
Railways:
Highways:
Waterways: 1,609 km; use restricted to small native craft Pipelines: petroleum products 455 km; noteadditionally, 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 (1997 est.)
Airportswith paved runways:
Airportswith unpaved runways:
Heliports: 202 (1997 est.)
Military branches: Army, Navy, Air Force, Marine Corps, National Maritime Police (Coast Guard) Military manpowermilitary age: 18 years of age
Military manpoweravailability:
Military manpowerfit for military service:
Military manpowerreaching military age annually:
Military expendituresdollar figure: $17.4 billion (1996) Military expenditurespercent of GDP: 3.3% (1996)
Disputesinternational: Demarcation Line with North Korea; Liancourt Rocks (Takeshima/Tokdo) claimed by Japan |