Korea at a Glance

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Korea at a Glance

South Korea’s meteoric rise to become one of the leading Asian economies and its rapid progression tends to be a well-kept secret only known to those who have experienced firsthand the drive and energy of the country. Close to China, low import tariffs and Free Trade Agreements with most of the World’s leading economies together with a mature legal and commercial infrastructure make Korea an easy and safe place to do business.

Central and all Provincial
Government
Annual Expenditure

US$ 294billion

Population

51,744,948

World’s

8th largest exporter

World’s(by value and completion)

No.1 ship building

Nominal GDPWorld Rank 12th(Source:IMF)

US$ 1.49trillion

Inflation (CPI)(Source : Statistics Korea, 2017)

2.2%

Land Area

100,188km²

Water Area

440,000km²

Coastline

12,607km

Number of Islands

3,237