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(opens in new window) Korea was an independent kingdom for much of the past millennium.
Following its victory in the Russo-Japanese War in 1905, Japan
occupied Korea; five years later it formally annexed the entire
peninsula. 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 Yo'ng-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 Tae-chung
and the North's leader KIM Jong Il. Eastern Asia, southern half of the Korean Peninsula bordering the
Sea of Japan and the Yellow Sea 37 00 N, 127 30 E
total: 98,480 sq km total: 238 km 2,413 km territorial sea: 12 nm; between 3 nm and 12 nm in the Korea
Strait temperate, with rainfall heavier in summer than winter
mostly hills and mountains; wide coastal plains in west and south
lowest point: Sea of Japan 0 m coal, tungsten, graphite, molybdenum, lead, hydropower potential
arable land: 16.58% 8,780 sq km (2003)
occasional typhoons bring high winds and floods; low-level seismic
activity common in southwest
air pollution in large cities; acid rain; water pollution from the
discharge of sewage and industrial effluents; drift net fishing
strategic location on Korea Strait
48,846,823 (July 2006 est.)
0-14 years: 18.9% (male 4,844,083/female 4,368,139) total: 35.2 years 0.42% (2006 est.)
10 births/1,000 population (2006 est.)
5.85 deaths/1,000 population (2006 est.)
0 migrant(s)/1,000 population (2006 est.)
at birth: 1.08 male(s)/female total: 6.16 deaths/1,000 live births total population: 77.04 years 1.27 children born/woman (2006 est.)
less than 0.1% (2003 est.)
8,300 (2003 est.)
less than 200 (2003 est.)
noun: Korean(s) homogeneous (except for about 20,000 Chinese)
no affiliation 46%, Christian 26%, Buddhist 26%, Confucianist 1%,
other 1% Korean, English widely taught in junior high and high school
definition: age 15 and over can read and write conventional long form: Republic of Korea republic Seoul 9 provinces (do, singular and plural) and 7 metropolitan cities
(gwangyoksi, singular and plural) 15 August 1945 (from Japan)
Liberation Day, 15 August (1945)
17 July 1948
combines elements of continental European civil law systems,
Anglo-American law, and Chinese classical thought 19 years of age; universal
unicameral National Assembly or Kukhoe (299 seats - members elected
for four-year terms; 243 in single-seat constituencies, 56 by
proportional representation) Supreme Court (justices appointed by president with consent of
National Assembly); Constitutional Court (justices appointed by
president based partly on nominations by National Assembly and Chief
Justice of the court) Since the early 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
equal to the lesser economies of the EU. 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
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 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 2005,
growth moderated to about 4%. A downturn in consumer spending was
offset by rapid export growth. In 2005, the government proposed
labor reform legislation and a corporate pension scheme to help make
the labor market more flexible, and new real estate policies to cool
property speculation. Moderate inflation, low unemployment, an
export surplus, and fairly equal distribution of income characterize
this solid economy. $965.3 billion (2005 est.)
$801.2 billion (2005 est.)
3.9% (2005 est.)
$20,400 (2005 est.)
agriculture: 3.7% 23.53 million (2005 est.)
agriculture: 6.4% 3.7% (2005 est.)
15% (2003 est.)
lowest 10%: 2.9% 35.8 (2000)
2.6% (2005 est.)
28.9% of GDP (2005 est.)
revenues: $195 billion 30.1% of GDP (2005 est.)
rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens,
milk, eggs; fish electronics, telecommunications, automobile production, chemicals,
shipbuilding, steel
7.3% (2005 est.)
342.1 billion kWh (2004)
321.1 billion kWh (2004)
2.061 million bbl/day (2004)
645,200 bbl/day (2004)
2.263 million bbl/day (2004)
24.09 billion cu m (2003 est.)
21.11 billion cu m (2003 est.)
$14.32 billion (2005 est.)
$288.2 billion f.o.b. (2005 est.)
semiconductors, wireless telecommunications equipment, motor
vehicles, computers, steel, ships, petrochemicals China 19.6%, US 17%, Japan 8.6%, Hong Kong 7.1% (2004)
$256 billion f.o.b. (2005 est.)
machinery, electronics and electronic equipment, oil, steel,
transport equipment, organic chemicals, plastics Japan 20.6%, China 13.2%, US 12.9%, Saudi Arabia 5.3% (2004)
$210.4 billion (2005 est.)
$188.4 billion (30 June 2005 est.)
ODA, $423.3 million (2004)
South Korean won (KRW)
calendar year
26,595,100 (2004)
36,586,100 (2004)
general assessment: excellent domestic and international
services AM 61, FM 150, shortwave 2 (2005)
terrestrial stations 43; cable operators 59; relay cable operators
190 (2005) .kr 5,433,591 (2004)
33.9 million (2005)
108 (2005) total: 70 total: 38 537 (2005) gas 1,433 km; refined products 827 km (2004)
total: 3,472 km total: 97,252 km 1,608 km (most navigable only by small craft) (2006)
total: 650 ships (1000 GRT or over) 7,992,664 GRT/12,730,954
DWT Inch'on, Masan, P'ohang, Pusan, Ulsan
Army, Navy, Air Force, Marine Corps, National Maritime Police (Coast
Guard) Military Demarcation Line within the 4-km wide Demilitarized Zone
has separated North from South Korea since 1953; periodic maritime
disputes with North Korea over the Northern Limit Line; South Korea
and Japan claim Liancourt Rocks (Tok-do/Take-shima), occupied by
South Korea since 1954 |