The 2008 CIA World Factbook by United States. Central Intelligence Agency (ebook reader 8 inch .txt) 📕

in 1945. After World War II, a Republic of Korea (ROK) was set up in the southern half of the Korean Peninsula while a Communist-style government was installed in the north (the DPRK). During the Korean War (1950-53), US troops and UN forces fought alongside soldiers from the ROK to defend South Korea from DPRK attacks supported by China and the Soviet Union. An armistice was signed in 1953, splitting the peninsula along a demilitarized zone at about the 38th parallel. Thereafter, South Korea achieved rapid economic growth with per capita income rising to roughly 14 times the level of North Korea. In 1993, KIM Young-sam became South Korea's first civilian president following 32 years of military rule. South Korea today is a fully functioning modern democracy. In June 2000, a historic first North-South summit took place between the South's President KIM Dae-jung and the North's leader KIM Jong Il. In October 2007, a second North-South summit took place between the South's President ROH Moo-hyun and the North Korean leader.

Geography
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:

total: 98,480 sq km land: 98,190 sq km water: 290 sq km

Area - comparative:

slightly larger than Indiana

Land boundaries:

total: 238 km border countries: North Korea 238 km

Coastline:

2,413 km

Maritime claims:

territorial sea: 12 nm; between 3 nm and 12 nm in the Korea Strait contiguous zone: 24 nm exclusive economic zone: 200 nm continental shelf: not specified

Climate:

temperate, with rainfall heavier in summer than winter

Terrain:

mostly hills and mountains; wide coastal plains in west and south

Elevation extremes:

lowest point: Sea of Japan 0 m highest point: Halla-san 1,950 m

Natural resources:

coal, tungsten, graphite, molybdenum, lead, hydropower potential

Land use:

arable land: 16.58% permanent crops: 2.01% other: 81.41% (2005)

Irrigated land:

8,780 sq km (2003)

Total renewable water resources:

69.7 cu km (1999)

Freshwater withdrawal (domestic/industrial/agricultural):

total: 18.59 cu km/yr (36%/16%/48%) per capita: 389 cu m/yr (2000)

Natural hazards:

occasional typhoons bring high winds and floods; low-level seismic activity common in southwest

Environment - current issues:

air pollution in large cities; acid rain; water pollution from the discharge of sewage and industrial effluents; drift net fishing

Environment - international agreements:

party to: Antarctic-Environmental Protocol, Antarctic-Marine Living Resources, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands, Whaling signed, but not ratified: none of the selected agreements

Geography - note:

strategic location on Korea Strait

People
Korea, South

Population:

48,379,392 (July 2008 est.)

Age structure:

0-14 years: 17.4% (male 4,431,315/female 4,004,810) 15-64 years: 72% (male 17,760,975/female 17,095,436) 65 years and over: 10.5% (male 2,030,931/female 3,055,925) (2008 est.)

Median age:

total: 36.7 years male: 35.5 years female: 37.9 years (2008 est.)

Population growth rate:

0.269% (2008 est.)

Birth rate:

9.09 births/1,000 population (2008 est.)

Death rate:

5.73 deaths/1,000 population (2008 est.)

Net migration rate:

NA (2008 est.)

Sex ratio:

at birth: 1.08 male(s)/female under 15 years: 1.11 male(s)/female 15-64 years: 1.04 male(s)/female 65 years and over: 0.66 male(s)/female total population: 1 male(s)/female (2008 est.)

Infant mortality rate:

total: 4.29 deaths/1,000 live births male: 4.52 deaths/1,000 live births female: 4.04 deaths/1,000 live births (2008 est.)

Life expectancy at birth:

total population: 78.64 years male: 75.34 years female: 82.17 years (2008 est.)

Total fertility rate:

1.2 children born/woman (2008 est.)

HIV/AIDS - adult prevalence rate:

less than 0.1% (2003 est.)

HIV/AIDS - people living with HIV/AIDS:

8,300 (2003 est.)

HIV/AIDS - deaths:

fewer than 200 (2003 est.)

Nationality:

noun: Korean(s) adjective: Korean

Ethnic groups:

homogeneous (except for about 20,000 Chinese)

Religions:

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

Languages:

Korean, English widely taught in junior high and high school

Literacy:

definition: age 15 and over can read and write total population: 97.9% male: 99.2% female: 96.6% (2002)

School life expectancy (primary to tertiary education):

total: 17 years male: 18 years female: 15 years (2007)

Education expenditures:

4.6% of GDP (2004)

Government
Korea, South

Country name:

conventional long form: Republic of Korea conventional short form: South Korea local long form: Taehan-min'guk local short form: Han'guk abbreviation: ROK

Government type:

republic

Capital:

name: Seoul geographic coordinates: 37 33 N, 126 59 E time difference: UTC+9 (14 hours ahead of Washington, DC during Standard Time)

Administrative divisions:

9 provinces (do, singular and plural) and 7 metropolitan cities (gwangyoksi, singular and plural) provinces: Cheju-do, Cholla-bukto (North Cholla), Cholla-namdo (South Cholla), Ch'ungch'ong-bukto (North Ch'ungch'ong), Ch'ungch'ong-namdo (South Ch'ungch'ong), Kangwon-do, Kyonggi-do, Kyongsang-bukto (North Kyongsang), Kyongsang-namdo (South Kyongsang) metropolitan cities: Inch'on-gwangyoksi (Inch'on), Kwangju-gwangyoksi (Kwangju), Pusan-gwangyoksi (Pusan), Soul-t'ukpyolsi (Seoul), Taegu-gwangyoksi (Taegu), Taejon-gwangyoksi (Taejon), Ulsan-gwangyoksi (Ulsan)

Independence:

15 August 1945 (from Japan)

National holiday:

Liberation Day, 15 August (1945)

Constitution:

17 July 1948; note - amended or rewritten nine times; current constitution approved on 29 October 1987

Legal system:

combines elements of continental European civil law systems, Anglo-American law, and Chinese classical thought; has not accepted compulsory ICJ jurisdiction

Suffrage:

19 years of age; universal

Executive branch:

chief of state: President LEE Myung-bak (since 25 February 2008) head of government: Prime Minister HAN Seung-soo (since 29 February 2008) cabinet: State Council appointed by the president on the prime minister's recommendation elections: president elected by popular vote for a single five-year term; election last held 19 December 2007 (next to be held on in December 2012); prime minister appointed by president with consent of National Assembly; deputy prime ministers appointed by president on prime minister's recommendation election results: ROH Moo-hyun elected president on 19 December 2002; percent of vote - ROH Moo-hyun (MDP) 48.9%; LEE Hoi-chang (GNP) 46.6%; others 4.5%; LEE Myung-bak elected president on 19 December 2007; percent of vote - LEE Myung-bak (GNP) 48.7%; CHUNG Dong-young (UNDP) 26.1%); LEE Hoi-chang (independent) 15.1; others 10.1%

Legislative branch:

unicameral National Assembly or Kukhoe (299 seats; 243 members elected in single-seat constituencies, 56 elected by proportional representation; to serve four-year terms) elections: last held 9 April 2008 (next to be held in April 2012) election results: percent of vote by party - NA; seats by party - GNP 153, UDP 81, LFP 18, Pro-Park Alliance 14, DLP 5, CKP 3, independents 25

Judicial branch:

Supreme Court (justices appointed by the president with consent of
National Assembly); Constitutional Court (justices appointed by the
president based partly on nominations by National Assembly and Chief
Justice of the court)

Political parties and leaders:

Creative Korea Party or CKP [MOON Kook-hyun]; Democratic Labor Party
or DLP [CHUN Young-se]; Grand National Party or GNP [PARK Hee-tae];
Liberty Forward Party or LFP [LEE Hoi-chang]; Democratic Party or DP
[CHUNG Sye-kyun] (formerly the United Democratic Party or UDP)

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:

ADB, AfDB (nonregional members), APEC, APT, ARF, ASEAN (dialogue
partner), Australia Group, BIS, CP, EAS, EBRD, FAO, IADB, IAEA,
IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO,
IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAIA,
MIGA, NEA, NSG, OAS (observer), OECD, OPCW, OSCE (partner), PCA, PIF
(partner), SAARC (observer), UN, UNCTAD, UNESCO, UNHCR, UNIDO,
UNIFIL, UNMIL, UNMIS, UNMOGIP, UNOMIG, UNWTO, UPU, WCL, WCO, WFTU,
WHO, WIPO, WMO, WTO, ZC

Diplomatic representation in the US:

chief of mission: Ambassador LEE Tae-sik chancery: 2450 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 939-5600 FAX: [1] (202) 387-0205 consulate(s) general: Agana (Guam), Atlanta, Boston, Chicago, Honolulu, Houston, Los Angeles, New York, San Francisco, Seattle

Diplomatic representation from the US:

chief of mission: Ambassador Kathleen STEPHENS embassy: 32 Sejong-no, Jongno-gu, Seoul 110-710 mailing address: US Embassy Seoul, APO AP 96205-5550 telephone: [82] (2) 397-4114 FAX: [82] (2) 738-8845

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
Korea, South

Economy - overview:

Since the 1960s, South Korea has achieved an incredible record of growth and integration into the high-tech modern world economy. Four decades ago, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies. Today its GDP per capita is roughly the same as that of Greece and Spain. This success 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 longstanding weaknesses in South Korea's development model including high debt/equity ratios, massive foreign borrowing, and an undisciplined financial sector. GDP plunged by 6.9% in 1998, then recovered by 9.5% in 1999 and 8.5% in 2000. Growth fell back to 3.3% in 2001 because of the slowing global economy, falling exports, and the perception that much-needed corporate and financial reforms had stalled. Led by consumer spending and exports, growth in 2002 was an impressive 7%, despite anemic global growth. Between 2003 and 2007, growth moderated to about 4-5% annually. A downturn in consumer spending was offset by rapid export growth. Moderate inflation, low unemployment, and an export surplus in 2007 characterize this solid economy, but inflation and unemployment are increasing in the face of rising oil prices.

GDP (purchasing power parity):

$1.206 trillion (2007 est.)

GDP (official exchange rate):

$957.1 billion (2007 est.)

GDP - real growth rate:

5% (2007 est.)

GDP - per capita (PPP):

$25,000 (2007 est.)

GDP - composition by sector:

agriculture: 3% industry: 39.4% services: 57.6% (2007 est.)

Labor force:

24.22 million (2007 est.)

Labor force - by occupation:

agriculture: 7.5% industry: 17.3% services: 75.2% (2007)

Unemployment rate:

3.3% (2007 est.)

Population below poverty line:

15% (2003 est.)

Household income or consumption by percentage share:

lowest 10%: 2.9% highest 10%: 25% (2005 est.)

Distribution of family income - Gini index:

35.1 (2006)

Investment (gross fixed):

28.8% of GDP (2007 est.)

Budget:

revenues: $262.2 billion expenditures: $225.8 billion (2007 est.)

Fiscal year:

calendar year

Public debt:

28.2% of GDP (2007 est.)

Inflation rate (consumer prices):

2.5% (2007 est.)

Central bank discount rate:

3.25% (31 December 2007)

Commercial bank prime lending rate:

6.55% (31 December 2007)

Stock of money:

$92.59 billion (31 December 2007)

Stock of quasi money:

$541.7 billion (31 December 2007)

Stock of domestic credit:

$1.061 trillion (31 December 2007)

Agriculture - products:

rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish

Industries:

electronics, telecommunications, automobile production, chemicals, shipbuilding, steel

Industrial production growth rate:

5.5% (2007 est.)

Electricity - production:

412.7 billion kWh (2007 est.)

Electricity - consumption:

368.6 billion kWh (2007)

Electricity - exports:

0 kWh (2007 est.)

Electricity - imports:

0 kWh (2007 est.)

Electricity - production by source:

fossil fuel: 62.4% hydro: 0.8% nuclear: 36.6% other: 0.2% (2001)

Oil - production:

20,970 bbl/day (2007 est.)

Oil - consumption:

2.214 million bbl/day (2007 est.)

Oil - exports:

NA bbl/day

Oil - imports:

2.41 million bbl/day (2006)

Oil - proved reserves:

0 bbl (1 January 2006 est.)

Natural gas - production:

390 million cu m (2007 est.)

Natural gas - consumption:

34.83 billion cu m (2007 est.)

Natural gas - exports:

0 cu m (2007 est.)

Natural gas - imports:

33.38 billion cu m (2007