South Korea

Official Name: The Republic of Korea
Sovereign Status: Sovereign Country
Government Type: Presidential Republic
Official Name (Local Language): Taehan-min'guk
ISO Country Codes: KR : KOR
Internet Domain: .kr
Government Web Site:
Capital: Seoul Main Airports: Incheon International Airport
Language(s): Korean Population: 51,844,834
Currency: South Korean Won ISO Currency Code: KRW
Telephone Dial In: +82 ID Prefix: 001

South Korea

Government Website:
Sovereign Ratings:
Central Bank: Bank of Korea
Currency USD Exchange Rate: 1,084.65 South Korean won (KRW) per US dollar (2020 est.)
Unemployment Rate: 3.76% (2019 est.)
Population below poverty line: 14.4% (2016 est.)
Inflation Rate: 0.3% (2019 est.)
Prime Lending Rate: 2.74% (Dec-20 - TradingEconomics)
GDP: $2.289 trillion (2021 est.)
GDP Pro Capita (PPP): $44,200 (2021 est.)
Currency Name: South Korean Won
Currency Code: KRW
World Bank Classification: High-Income Economy

GDP Composition:

Agriculture: 2.2% rice, root crops, barley, vegetables, fruit, cattle, pigs, chickens, milk, eggs, fish
Industry: 38.6% electronics, telecommunications, automobile production, chemicals, shipbuilding, steel
Services: 59.2%

Source: Central Intelligence Agency Factbook

Financial Exchanges:
Stock & Securities Exchange: Korea Exchange ;

National Statistics Office:

National Dataset(s):

South Korea

Subject to Country Specific Sanctions? NO

The World Bank’s World Integrated Trade Solution

Business Language(s): English; Korean
Customs & Excise: Korea Customs Service
Development Bank(s): Asian Development Bank; Asian Infrastructure Investment Bank; Korea Development Bank;
National Standards Bureau: Korean Agency for Technology and Standards
Competitive Ind’l Performance: 32/180 (2021) Corruption Perceptions Index: 31/180 (2022 Rank)
Ease of Doing Business: N/A Enabling Trade Index: 27/136 (2016)
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Export Promotion Agency: The Korea International Trade Association ; Investment Agency: Invest Korea ; Investment & Export Promotion Agency: Korea Trade-Investment Promotion Agency ;

Regional Trade Agreements & Organisations: