💾 Archived View for zaibatsu.circumlunar.space › ~solderpunk › cia-world-factbook › korea-south.gmi captured on 2024-08-25 at 00:07:54. Gemini links have been rewritten to link to archived content

View Raw

More Information

⬅️ Previous capture (2024-08-18)

-=-=-=-=-=-=-

🇰🇷 Korea, South

East and Southeast Asia

Page last updated: July 24, 2024

Introduction

Background

The first recorded kingdom (Choson) on the Korean Peninsula dates from approximately 2300 B.C. Over the subsequent centuries, three main kingdoms -- Kogoryo, Baekche, and Silla -- were established on the Peninsula. By the 5th century A.D., Kogoryo emerged as the most powerful, with control over much of the Peninsula and part of Manchuria (modern-day northeast China). However, Silla allied with the Chinese to create the first unified Korean state in 688. Following the collapse of Silla in the 9th century, Korea was unified under the Koryo (Goryeo; 918-1392) and the Chosen (Joseon; 1392-1910) dynasties.

Korea became the object of intense imperialistic rivalry among the Chinese (its traditional benefactor), Japanese, and Russian empires in the latter half of the 19th and early 20th centuries. After the Sino-Japanese War (1894-95) and the Russo-Japanese War (1904-1905), Korea was occupied by Imperial Japan. In 1910, Japan formally annexed the entire Peninsula. Korea regained its independence after Japan's surrender to the US and its allies in 1945. A US-supported democratic government (Republic of Korea, ROK) was set up in the southern half of the Korean Peninsula, while a communist-style government backed by the Soviet Union was installed in the north (North Korea; aka Democratic People's Republic of Korea, DPRK). During the Korean War (1950-53), US troops and UN forces fought alongside ROK soldiers to defend South Korea from a North Korean invasion supported by communist China and the Soviet Union. After the 1953 armistice, the two Koreas were separated by a demilitarized zone.

Syngman RHEE led the country as its first president from 1948 to 1960. PARK Chung-hee took over leadership of the country in a 1961 coup. During his controversial rule (1961-79), South Korea achieved rapid economic growth, with per capita income rising to roughly 17 times the level of North Korea by 1979. PARK was assassinated in 1979, and subsequent years were marked by political turmoil and continued military rule as the country's pro-democracy movement grew. South Korea held its first free presidential election under a revised democratic constitution in 1987, with former South Korean Army general ROH Tae-woo winning a close race. In 1993, KIM Young-sam became the first civilian president of South Korea's new democratic era. President KIM Dae-jung (1998-2003) won the Nobel Peace Prize in 2000 for his contributions to South Korean democracy and his "Sunshine Policy" of engagement with North Korea. President PARK Geun-hye, daughter of former South Korean President PARK Chung-hee, took office in 2013 as South Korea's first female leader. In 2016, the National Assembly passed an impeachment motion against PARK over her alleged involvement in a corruption and influence-peddling scandal, triggering an early presidential election in 2017 won by MOON Jae-in. In 2022, longtime prosecutor and political newcomer YOON Suk Yeol won the presidency by the slimmest margin in South Korean history.

Discord and tensions with North Korea, punctuated by North Korean military provocations, missile launches, and nuclear tests, have permeated inter-Korean relations for years. Relations remained strained, despite a period of respite in 2018-2019 ushered in by North Korea's participation in the 2018 Winter Olympic and Paralympic Games in South Korea and high-level diplomatic meetings, including historic US-North Korea summits. In 2024, Pyongyang announced it was ending all economic cooperation with South Korea, a move that followed earlier proclamations that it was scrapping a 2018 military pact to de-escalate tensions along their militarized border, abandoning the country’s decades-long pursuit of peaceful unification with South Korea, and designating the South as North Korea’s “principal enemy.”

Geography

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 : 99,720 km²

Land: 96,920 km²

Water: 2,800 km²

Area - comparative

Slightly smaller than Pennsylvania; slightly larger than Indiana

Area comparison map:

Land boundaries

Total: 237 km

Border countries (1): North Korea 237 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; cold winters

Terrain

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

Elevation

Highest point: Halla-san 1,950 m

Lowest point: Sea of Japan 0 m

Mean elevation: 282 m

Natural resources

Coal, tungsten, graphite, molybdenum, lead, hydropower potential

Land use

Agricultural land: 18.1% (2018 est.)

Arable land: 15.3% (2018 est.)

Permanent crops: 2.2% (2018 est.)

Permanent pasture: 0.6% (2018 est.)

Forest: 63.9% (2018 est.)

Other: 18% (2018 est.)

Irrigated land

7,780 km² (2012)

Population distribution

With approximately 70% of the country considered mountainous, the country's population is primarily concentrated in the lowland areas, where density is quite high; Gyeonggi Province in the northwest, which surrounds the capital of Seoul and contains the port of Incheon, is the most densely populated province; Gangwon in the northeast is the least populated

Natural hazards

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

Volcanism: Halla (1,950 m) is considered historically active although it has not erupted in many centuries

Geography - note

Strategic location on Korea Strait; about 3,000 mostly small and uninhabited islands lie off the western and southern coasts

People and Society

Population

Total: 52,081,799

Male: 26,119,111

Female: 25,962,688 (2024 est.)

Comparison rankings: female 28; male 28; total 28

Nationality

Noun: Korean(s)

Adjective: Korean

Ethnic groups

Homogeneous

Languages

Korean, English (widely taught in elementary, junior high, and high school)

Major-language sample(s):

월드 팩트북, 필수적인 기본 정보 제공처 (Korean)

The World Factbook, the indispensable source for basic information.

Religions

Protestant 17%, Buddhist 16%, Catholic 6%, none 60% (2021 est.)

Note: many people also carry on at least some Confucian traditions and practices

Age structure

0-14 years: 11.3% (male 3,024,508/female 2,873,523)

15-64 years: 69.4% (male 18,653,915/female 17,465,817)

65 years and over: 19.3% (2024 est.) (male 4,440,688/female 5,623,348)

2023 population pyramid:

Dependency ratios

Total dependency ratio: 39.9

Youth dependency ratio: 16.6

Elderly dependency ratio: 23.3

Potential support ratio: 4.3 (2021 est.)

Median age

Total: 45.5 years (2024 est.)

Male: 44 years

Female: 47.3 years

Population growth rate

0.21% (2024 est.)

Birth rate

7 births/1,000 population (2024 est.)

Death rate

7.4 deaths/1,000 population (2024 est.)

Net migration rate

2.6 migrant(s)/1,000 population (2024 est.)

Population distribution

With approximately 70% of the country considered mountainous, the country's population is primarily concentrated in the lowland areas, where density is quite high; Gyeonggi Province in the northwest, which surrounds the capital of Seoul and contains the port of Incheon, is the most densely populated province; Gangwon in the northeast is the least populated

Urbanization

Urban population: 81.5% of total population (2023)

Rate of urbanization: 0.31% annual rate of change (2020-25 est.)

Total population growth rate v. urban population growth rate, 2000-2030

Major urban areas - population

9.988 million SEOUL (capital), 3.472 million Busan, 2.849 million Incheon, 2.181 million Daegu (Taegu), 1.577 million Daejon (Taejon), 1.529 million Gwangju (Kwangju) (2023)

Sex ratio

At birth: 1.05 male(s)/female

0-14 years: 1.05 male(s)/female

15-64 years: 1.07 male(s)/female

65 years and over: 0.79 male(s)/female

Total population: 1.01 male(s)/female (2024 est.)

Mother's mean age at first birth

32.2 years (2019 est.)

Maternal mortality ratio

8 deaths/100,000 live births (2020 est.)

Infant mortality rate

Total: 2.8 deaths/1,000 live births (2024 est.)

Male: 3 deaths/1,000 live births

Female: 2.6 deaths/1,000 live births

Life expectancy at birth

Total population: 83.4 years (2024 est.)

Male: 80.3 years

Female: 86.6 years

Total fertility rate

1.12 children born/woman (2024 est.)

Gross reproduction rate

0.55 (2024 est.)

Contraceptive prevalence rate

82.3% (2018)

Note: percent of women aged 20-49

Drinking water source

Improved: urban: NA

Rural: NA

Total: 99.9% of population

Unimproved: urban: NA

Rural: NA

Total: 0.1% of population (2020 est.)

Current health expenditure

8.4% of GDP (2020)

Physician density

2.48 physicians/1,000 population (2019)

Hospital bed density

12.4 beds/1,000 population (2018)

Sanitation facility access

Improved: urban: NA

Rural: NA

Total: 99.9% of population

Unimproved: urban: NA

Rural: NA

Total: 0.1% of population (2020 est.)

Obesity - adult prevalence rate

4.7% (2016)

Alcohol consumption per capita

Total: 7.74 liters of pure alcohol (2019 est.)

Beer: 1.72 liters of pure alcohol (2019 est.)

Wine: 0.15 liters of pure alcohol (2019 est.)

Spirits: 0.22 liters of pure alcohol (2019 est.)

Other alcohols: 5.66 liters of pure alcohol (2019 est.)

Tobacco use

Total: 20.8% (2020 est.)

Male: 35.7% (2020 est.)

Female: 5.9% (2020 est.)

Children under the age of 5 years underweight

0.9% (2019/21) NA

Currently married women (ages 15-49)

52.9% (2023 est.)

Education expenditures

4.7% of GDP (2019 est.)

Literacy

Total population: 98.8% NA

Male: 99.2% NA

Female: 98.4% NA

School life expectancy (primary to tertiary education)

Total: 17 years

Male: 17 years

Female: 16 years (2020)

Environment

Environment - current issues

Air pollution in large cities; acid rain; water pollution from the discharge of sewage and industrial effluents; drift net fishing; solid waste disposal; transboundary air pollution from China

Environment - international agreements

Party to: Antarctic-Environmental Protection, Antarctic-Marine Living Resources, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Climate Change-Paris Agreement, Comprehensive Nuclear Test Ban, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping-London Convention, Marine Dumping-London Protocol, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Tropical Timber 2006, Wetlands, Whaling

Signed, but not ratified: none of the selected agreements

Climate

Temperate, with rainfall heavier in summer than winter; cold winters

Land use

Agricultural land: 18.1% (2018 est.)

Arable land: 15.3% (2018 est.)

Permanent crops: 2.2% (2018 est.)

Permanent pasture: 0.6% (2018 est.)

Forest: 63.9% (2018 est.)

Other: 18% (2018 est.)

Urbanization

Urban population: 81.5% of total population (2023)

Rate of urbanization: 0.31% annual rate of change (2020-25 est.)

Total population growth rate v. urban population growth rate, 2000-2030

Revenue from forest resources

0.01% of GDP (2018 est.)

Revenue from coal

0% of GDP (2018 est.)

Air pollutants

Particulate matter emissions: 24.04 micrograms per cubic meter (2019 est.)

Carbon dioxide emissions: 620.3 megatons (2016 est.)

Methane emissions: 30.28 megatons (2020 est.)

Waste and recycling

Municipal solid waste generated annually: 18,218,975 tons (2014 est.)

Municipal solid waste recycled annually: 10,567,006 tons (2014 est.)

Percent of municipal solid waste recycled: 58% (2014 est.)

Total water withdrawal

Municipal: 6.672 billion cubic meters (2020 est.)

Industrial: 4.45 billion cubic meters (2020 est.)

Agricultural: 15.96 billion cubic meters (2020 est.)

Total renewable water resources

69.7 billion cubic meters (2020 est.)

Geoparks

Total global geoparks and regional networks: 5

Global geoparks and regional networks: Cheongsong; Hantangang; Jeju Island; Jeonbuk West Coast; Mudeungsan (2023)

Government

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

Etymology: derived from the Chinese name for Goryeo, which was the Korean dynasty that united the peninsula in the 10th century A.D.; the South Korean name "Han'guk" derives from the long form, "Taehan-min'guk," which is itself a derivation from "Daehan-je'guk," which means "the Great Empire of the Han"; "Han" refers to the "Sam'han" or the "Three Han Kingdoms" (Goguryeo, Baekje, and Silla from the Three Kingdoms Era, 1st-7th centuries A.D.)

Government type

Presidential republic

Capital

Name: Seoul; note - Sejong, located some 120 km (75 mi) south of Seoul, serves as an administrative capital for segments of the South Korean Government

Geographic coordinates: 37 33 N, 126 59 E

Time difference: UTC+9 (14 hours ahead of Washington, DC, during Standard Time)

Etymology: the name originates from the Korean word meaning "capital city" and which is believed to be derived from Seorabeol, the name of the capital of the ancient Korean Kingdom of Silla

Administrative divisions

9 provinces (do, singular and plural), 6 metropolitan cities (gwangyeoksi, singular and plural), 1 special city (teugbyeolsi), and 1 special self-governing city (teukbyeoljachisi)

Provinces: Chungcheongbuk-do (North Chungcheong), Chungcheongnam-do (South Chungcheong), Gangwon-do, Gyeongsangbuk-do (North Gyeongsang), Gyeonggi-do, Gyeongsangnam-do (South Gyeongsang), Jeju-do (Jeju), Jeollabuk-do (North Jeolla), Jeollanam-do (South Jeolla)

Metropolitan cities: Busan (Pusan), Daegu (Taegu), Daejeon (Taejon), Gwangju (Kwangju), Incheon (Inch'on), Ulsan

Special city: Seoul

Special self-governing city: Sejong

Independence

15 August 1945 (from Japan)

National holiday

Liberation Day, 15 August (1945)

Constitution

History: several previous; latest passed by National Assembly 12 October 1987, approved in referendum 28 October 1987, effective 25 February 1988

Amendments: proposed by the president or by majority support of the National Assembly membership; passage requires at least two-thirds majority vote by the Assembly membership, approval in a referendum by more than one half of the votes by more than one half of eligible voters, and promulgation by the president; amended several times, last in 1987

Legal system

Mixed legal system combining European civil law, Anglo-American law, and Chinese classical thought

International law organization participation

Has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction

Citizenship

Citizenship by birth: no

Citizenship by descent only: at least one parent must be a citizen of South Korea

Dual citizenship recognized: no

Residency requirement for naturalization: 5 years

Suffrage

18 years of age; universal; note - the voting age was lowered from 19 to 18 beginning with the 2020 national election

Executive branch

Chief of state: President YOON Suk Yeol (since 10 May 2022)

Head of government: President YOON Suk Yeol (since 10 May 2022)

Cabinet: State Council appointed by the president on the prime minister's recommendation

Elections/appointments: president directly elected by simple majority popular vote for a single 5-year term; election last held on 9 March 2022 (next to be held in March 2027); prime minister appointed by president with consent of the National Assembly

Election results:

2022: YOON Suk-yeol elected president; YOON Suk-yeol (PPP) 48.6%, LEE Jae-myung (DP) 47.8%; other 3.6%

2017: MOON Jae-in elected president; MOON Jae-in (DP) 41.1%, HONG Joon-pyo (Liberty Korea Party) 24%, AHN Cheol-soo (PP) 21.4%, YOO Seung-min (Bareun Party) 6.8%, SIM Sang-jung (Justice Party) 6.2%

Note: the president is both chief of state and head of government; Prime Minister HAN Duck-soo (since 21 May 2022) serves as the principal executive assistant to the president, similar to the role of a vice president

Legislative branch

Description: unicameral National Assembly or Gukhoe (300 seats; 253 members directly elected in single-seat constituencies by simple majority vote and 47 directly elected in a single national constituency by proportional representation vote; members serve 4-year terms)

Elections: last held on 10 April 2024 (next to be held in April 2028)

Election results: percent of vote by party/coalition (constituency) - Democratic Alliance 52.3%, PPP 45.7%, others 2%; percent of vote by party/coalition (proportional) - PPP 36.7%, Democratic Alliance 26.7%, Rebuilding Korea Party 24.3%, New Reform Party 3.6%, New Future Party 1.7%, others 7%; seats by party - Democratic Alliance 176 (DPK 169), PPP 108, Rebuilding Korea Party 12, New Reform Party 3, New Future Party 1; composition - men 240, women 60, percentage women 20%

Judicial branch

Highest court(s): Supreme Court (consists of a chief justice and 13 justices); Constitutional Court (consists of a court head and 8 justices)

Judge selection and term of office: Supreme Court chief justice appointed by the president with the consent of the National Assembly; other justices appointed by the president upon the recommendation of the chief justice and consent of the National Assembly; position of the chief justice is a 6-year nonrenewable term; other justices serve 6-year renewable terms; Constitutional Court justices appointed - 3 by the president, 3 by the National Assembly, and 3 by the Supreme Court chief justice; court head serves until retirement at age 70, while other justices serve 6-year renewable terms with mandatory retirement at age 65

Subordinate courts: High Courts; District Courts; Branch Courts (organized under the District Courts); specialized courts for family and administrative issues

Political parties and leaders

Basic Income Party [MUN Mi-jeong]

New Reform Party [LEE Jun-seok]

Democratic Party of Korea or DPK [LEE Jae-myung]

New Future Party [LEE Nak-yun]

Open Democratic Party or ODP [KIM Sang-gyun]

People Power Party or PPP [YOON Jae-ok (acting as of April 2024]

Progressive Party or Jinbo Party [YOON Hee-suk]

Rebuilding Korea Party [CHO Kuk]

Social Democratic Party [NA]

Note: the Democratic Alliance Coalition consists of the DPK and the smaller Basic Income, Jinbo, Open Democratic, and Social Democratic parties, as well as two independents; for the 2024 election, the Basic Income Party, the ODP, and the Social Democratic Party formed the New Progressive Alliance

International organization participation

ADB, AfDB (nonregional member), APEC, Arctic Council (observer), ARF, ASEAN (dialogue partner), Australia Group, BIS, CABEI, CD, CICA, CP, EAS, EBRD, FAO, FATF, G-20, IADB, IAEA, IBRD, ICAO, ICC (national committees), ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), LAIA (observer), MIGA, MINURSO, MINUSTAH, NEA, NSG, OAS (observer), OECD, OPCW, OSCE (partner), Pacific Alliance (observer), Paris Club (associate), PCA, PIF (partner), SAARC (observer), SICA (observer), UN, UNAMID, UNCTAD, UNESCO, UNHCR, UNHRC, UNIDO, UNIFIL, UNISFA, UNMIL, UNMISS, UNMOGIP, UNOCI, UNOOSA, UNWTO, UPU, Wassenaar Arrangement, WCO, WHO, WIPO, WMO, WTO, ZC

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; the South Korean national flag is called Taegukki; white is a traditional Korean color and represents peace and purity; the blue section represents the negative cosmic forces of the yin, while the red symbolizes the opposite positive forces of the yang; each trigram (kwae) denotes one of the four universal elements, which together express the principle of movement and harmony

National symbol(s)

Taegeuk (yin yang symbol), Hibiscus syriacus (Rose of Sharon), Siberian tiger; national colors: red, white, blue, black

National anthem

Name: "Aegukga" (Patriotic Song)

Lyrics/music: YUN Ch'i-Ho or AN Ch'ang-Ho/AHN Eaktay

Note: adopted 1948, well-known by 1910; both North Korea's and South Korea's anthems share the same name and have a vaguely similar melody but have different lyrics

National heritage

Total World Heritage Sites: 16 (14 cultural, 2 natural)

Selected World Heritage Site locales: Jeju Volcanic Island and Lava Tubes (n); Changdeokgung Palace Complex (c); Jongmyo Shrine (c); Seokguram Grotto and Bulguksa Temple (c); Gochang, Hwasun, and Ganghwa Dolmen Sites (c); Gyeongju Historic Areas (c); Namhansanseong (c); Baekje Historic Areas (c); Sansa, Buddhist Mountain Monasteries in Korea (c); Royal Tombs of the Joseon Dynasty (c)

Economy

Economic overview

Strong export- and technology-oriented East Asian economy; manufacturing led by semiconductor and automotive industries; aging workforce; increased restraint in fiscal policy while maintaining industry support initiatives

Real GDP (purchasing power parity)

$2.615 trillion (2023 est.)

$2.58 trillion (2022 est.)

$2.515 trillion (2021 est.)

Note: data in 2021 dollars

Real GDP growth rate

1.36% (2023 est.)

2.61% (2022 est.)

4.3% (2021 est.)

Note: annual GDP % growth based on constant local currency

Real GDP per capita

$50,600 (2023 est.)

$49,900 (2022 est.)

$48,600 (2021 est.)

Note: data in 2021 dollars

GDP (official exchange rate)

$1.713 trillion (2023 est.)

Note: data in current dollars at official exchange rate

Inflation rate (consumer prices)

3.59% (2023 est.)

5.09% (2022 est.)

2.5% (2021 est.)

Note: annual % change based on consumer prices

Credit ratings

Fitch rating: AA- (2012)

Moody's rating: Aa2 (2015)

Standard & Poors rating: AA (2016)

Note: The year refers to the year in which the current credit rating was first obtained.

GDP - composition, by sector of origin

Agriculture: 2.2% (2017 est.)

Industry: 39.3% (2017 est.)

Services: 58.3% (2017 est.)

Comparison rankings: services 135; industry 31; agriculture 171

GDP - composition, by end use

Household consumption: 48.1% (2017 est.)

Government consumption: 15.3% (2017 est.)

Investment in fixed capital: 31.1% (2017 est.)

Investment in inventories: 0% (2017 est.)

Exports of goods and services: 43.1% (2017 est.)

Imports of goods and services: -37.7% (2017 est.)

Agricultural products

Rice, vegetables, cabbages, milk, pork, onions, chicken, eggs, tangerines/mandarins, potatoes (2022)

Note: top ten agricultural products based on tonnage

Industries

Electronics, telecommunications, automobile production, chemicals, shipbuilding, steel

Industrial production growth rate

1.14% (2023 est.)

Note: annual % change in industrial value added based on constant local currency

Labor force

29.611 million (2023 est.)

Note: number of people ages 15 or older who are employed or seeking work

Unemployment rate

2.64% (2023 est.)

2.86% (2022 est.)

3.64% (2021 est.)

Note: % of labor force seeking employment

Youth unemployment rate (ages 15-24)

Total: 7.8% (2021 est.)

Male: 8.8%

Female: 6.9%

Population below poverty line

14.4% (2016 est.)

Gini Index coefficient - distribution of family income

31.4 (2016 est.)

Note: index (0-100) of income distribution; higher values represent greater inequality

Average household expenditures

On food: 12.8% of household expenditures (2021 est.)

On alcohol and tobacco: 1.8% of household expenditures (2021 est.)

Household income or consumption by percentage share

Lowest 10%: 2.8% (2016 est.)

Highest 10%: 24% (2016 est.)

Note: % share of income accruing to lowest and highest 10% of population

Remittances

0.45% of GDP (2023 est.)

0.47% of GDP (2022 est.)

0.43% of GDP (2021 est.)

Note: personal transfers and compensation between resident and non-resident individuals/households/entities

Budget

Revenues: $378.552 billion (2019 est.)

Expenditures: $372.412 billion (2019 est.)

Budget surplus (+) or deficit (-)

1.4% (of GDP) (2017 est.)

Public debt

51.18% of GDP (2022 est.)

48.96% of GDP (2021 est.)

46.43% of GDP (2020 est.)

Note: central government debt as a % of GDP

Taxes and other revenues

18.44% (of GDP) (2022 est.)

Note: central government tax revenue as a % of GDP

Current account balance

$35.488 billion (2023 est.)

$25.829 billion (2022 est.)

$85.228 billion (2021 est.)

Note: balance of payments - net trade and primary/secondary income in current dollars

Exports

$769.534 billion (2023 est.)

$825.961 billion (2022 est.)

$769.424 billion (2021 est.)

Note: balance of payments - exports of goods and services in current dollars

Exports - partners

China 21%, US 16%, Vietnam 9%, Japan 4%, Hong Kong 4% (2022)

Note: top five export partners based on percentage share of exports

Exports - commodities

Integrated circuits, refined petroleum, cars, broadcasting equipment, ships (2022)

Note: top five export commodities based on value in dollars

Imports

$761.102 billion (2023 est.)

$817.594 billion (2022 est.)

$698.98 billion (2021 est.)

Note: balance of payments - imports of goods and services in current dollars

Imports - partners

China 23%, US 11%, Japan 8%, Australia 6%, Saudi Arabia 5% (2022)

Note: top five import partners based on percentage share of imports

Imports - commodities

Crude petroleum, integrated circuits, natural gas, coal, refined petroleum (2022)

Note: top five import commodities based on value in dollars

Reserves of foreign exchange and gold

$420.93 billion (2023 est.)

$423.366 billion (2022 est.)

$463.281 billion (2021 est.)

Note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Debt - external

$457.745 billion (2019 est.)

$435.98 billion (2018 est.)

Exchange rates

South Korean won (KRW) per US dollar -

Exchange rates:

1,305.663 (2023 est.)

1,291.447 (2022 est.)

1,143.952 (2021 est.)

1,180.266 (2020 est.)

1,165.358 (2019 est.)

Energy

Electricity access

Electrification - total population: 100% (2022 est.)

Electricity

Installed generating capacity: 146.539 million kW (2022 est.)

Consumption: 586.766 billion kWh (2022 est.)

Transmission/distribution losses: 19.994 billion kWh (2022 est.)

Comparison rankings: transmission/distribution losses 189; consumption 6; installed generating capacity 10

Electricity generation sources

Fossil fuels: 65.1% of total installed capacity (2022 est.)

Nuclear: 27.6% of total installed capacity (2022 est.)

Solar: 4.6% of total installed capacity (2022 est.)

Wind: 0.6% of total installed capacity (2022 est.)

Hydroelectricity: 0.4% of total installed capacity (2022 est.)

Tide and wave: 0.1% of total installed capacity (2022 est.)

Biomass and waste: 1.7% of total installed capacity (2022 est.)

Nuclear energy

Number of operational nuclear reactors: 26 (2023)

Number of nuclear reactors under construction: 2 (2023)

Net capacity of operational nuclear reactors: 25.83GW (2023 est.)

Percent of total electricity production: 31.5% (2023 est.)

Number of nuclear reactors permanently shut down: 2 (2023)

Coal

Production: 15.595 million metric tons (2022 est.)

Consumption: 136.413 million metric tons (2022 est.)

Exports: 29,000 metric tons (2022 est.)

Imports: 121.272 million metric tons (2022 est.)

Proven reserves: 326 million metric tons (2022 est.)

Petroleum

Total petroleum production: 38,000 bbl/day (2023 est.)

Refined petroleum consumption: 2.452 million bbl/day (2023 est.)

Natural gas

Production: 55.127 million cubic meters (2021 est.)

Consumption: 59.48 billion cubic meters (2022 est.)

Exports: 93.639 million cubic meters (2022 est.)

Imports: 62.622 billion cubic meters (2022 est.)

Proven reserves: 7.079 billion cubic meters (2021 est.)

Carbon dioxide emissions

643.456 million metric tonnes of CO2 (2022 est.)

From coal and metallurgical coke: 268.556 million metric tonnes of CO2 (2022 est.)

From petroleum and other liquids: 250.135 million metric tonnes of CO2 (2022 est.)

From consumed natural gas: 124.765 million metric tonnes of CO2 (2022 est.)

Energy consumption per capita

235.518 million Btu/person (2022 est.)

Communications

Telephones - fixed lines

Total subscriptions: 22.81 million (2022 est.)

Subscriptions per 100 inhabitants: 44 (2022 est.)

Telephones - mobile cellular

Total subscriptions: 76.992 million (2022 est.)

Subscriptions per 100 inhabitants: 149 (2022 est.)

Telecommunication systems

General assessment: South Korea is second only to Hong Kong in the world rankings of telecom market maturity; it is also on the leading edge of the latest telecom technology developments, including around 6G; with its highly urbanized, tech-savvy population, South Korea also enjoys very high communication levels across all segments – fixed-line telephony (44% at the start of 2022), fixed broadband (46%), mobile voice and data (144%), and mobile broadband (120%); the performance of the mobile sector is on a par with other developed markets around the region, but it’s the wire line segment that allows South Korea to stand out from the crowd; this is partly a reflection of the large proportion of its population who live in apartment buildings (around 60%), making fiber and apartment LAN connections relatively easy and cost-effective to deploy; the government’s Ultra Broadband convergence Network (UBcN) had aimed to reach 50% adoption by the end of 2022, but that target may be a few more years away; fixed-line teledensity is also at a very high level compared to most of the rest of the world, but it has been on a sharp decline from a rate of 60% ten years ago; on the mobile front, users have enthusiastically migrated from one generation of mobile platform to the next as each iteration becomes available; there also doesn’t appear to be any great concern about there being a lack of demand for 5G in South Korea (when the country is already well supported by 4G networks), with 30% of all subscribers having already made the switch; part of the reason behind the rapid transition may be the subsidized handsets on offer from each of the MNOs and the MVNOs (2022)

Domestic: fixed-line approximately 45 per 100 and mobile-cellular services 141 per 100 persons; rapid assimilation of a full range of telecommunications technologies leading to a boom in e-commerce (2021)

International: country code - 82; landing points for EAC-C2C, FEA, SeaMeWe-3, TPE, APCN-2, APG, FLAG North Asia Loop/REACH North Asia Loop, KJCN, NCP, and SJC2 submarine cables providing links throughout Asia, Australia, the Middle East, Africa, Europe, Southeast Asia and US; satellite earth stations - 66 (2019)

Broadcast media

Multiple national TV networks with 2 of the 3 largest networks publicly operated; the largest privately owned network, Seoul Broadcasting Service (SBS), has ties with other commercial TV networks; cable and satellite TV subscription services available; publicly operated radio broadcast networks and many privately owned radio broadcasting networks, each with multiple affiliates, and independent local stations

Internet country code

.kr

Internet users

Total: 50.96 million (2021 est.)

Percent of population: 98% (2021 est.)

Broadband - fixed subscriptions

Total: 22,327,182 (2020 est.)

Subscriptions per 100 inhabitants: 44 (2020 est.)

Transportation

National air transport system

Number of registered air carriers: 14 (2020)

Inventory of registered aircraft operated by air carriers: 424

Annual passenger traffic on registered air carriers: 88,157,579 (2018)

Annual freight traffic on registered air carriers: 11,929,560,000 (2018) mt-km

Civil aircraft registration country code prefix

HL

Airports

89 (2024)

Heliports

1,275 (2024)

Pipelines

3,790 km gas, 16 km oil, 889 km refined products (2018)

Railways

Total: 3,979 km (2016)

Standard gauge: 3,979 km (2016) 1.435-m gauge (2,727 km electrified)

Roadways

Total: 100,428 km

Paved: 92,795 km (includes 4,193 km of expressways)

Unpaved: 7,633 km (2016)

Waterways

1,600 km (2011) (most navigable only by small craft)

Merchant marine

Total: 2,149 (2023)

By type: bulk carrier 93, container ship 115, general cargo 362, oil tanker 219, other 1,360

Ports

Total ports: 15 (2024)

Large: 2

Medium: 5

Small: 4

Very small: 4

Ports with oil terminals: 10

Key ports: Busan, Gwangyang Hang, Inchon, Masan, Mokpo, Pyeongtaek Hang, Ulsan

Military and Security

Military and security forces

Armed Forces of the Republic of Korea: Republic of Korea Army (ROKA), Republic of Korea Navy (ROKN, includes Marine Corps, ROKMC), Republic of Korea Air Force (ROKAF)

Ministry of Maritime Affairs and Fisheries: Korea Coast Guard; Ministry of Interior and Safety: Korean National Police Agency (2023)

Note 1: the military reserves include Mobilization Reserve Forces (First Combat Forces) and Homeland Defense Forces (Regional Combat Forces)

Military expenditures

2.7% of GDP (2023 est.)

2.6% of GDP (2022)

2.6% of GDP (2021)

2.6% of GDP (2020)

2.7% of GDP (2019)

Military and security service personnel strengths

Approximately 500,000 active-duty personnel (365,000 Army; 70,000 Navy, including about 30,000 Marines; 65,000 Air Force) (2023)

Military equipment inventories and acquisitions

The South Korean military is equipped with a mix of domestically produced and imported weapons systems; South Korea has a robust defense industry and production includes armored fighting vehicles, artillery, aircraft, naval ships, and missiles; its weapons are designed to be compatible with US and NATO systems; in recent years the top foreign weapons supplier has been the US, and some domestically produced systems are built under US license (2024)

Military service age and obligation

18-35 years of age for compulsory military service for all men; minimum conscript service obligation varies by service - 18 months (Army, Marines, auxiliary police), 20 months (Navy, conscripted firefighters), 21 months (Air Force, social service), 36 months for alternative service; 18-29 years of age for voluntary military service for men and women (2024)

Note 1: women, in service since 1950, are able to serve in all branches and as of 2022 some 15,000 served in the armed forces, including about 9% of the non-commissioned and commissioned officers

Note 2: the military brings on over 200,000 conscripts each year

Military deployments

250 Lebanon (UNIFIL); 275 South Sudan (UNMISS); 170 United Arab Emirates; note - since 2009, South Korea has kept a naval flotilla with approximately 300 personnel in the waters off of the Horn of Africa and the Arabian Peninsula (2024)

Military - note

The South Korean military is primarily focused on the threat from North Korea but also deploys abroad for multinational missions, including peacekeeping and other security operations; it also participates in bilateral and multinational exercises

South Korea's primary defense partner is the US, and the 1953 US-South Korea Mutual Defense Treaty is a cornerstone of the country's national security; the Treaty committed the US to provide assistance in the event of an attack and gave the US permission to station land, air, and sea forces in and about the territory of South Korea as determined by mutual agreement; the US maintains approximately 28,000 military personnel in the country and conducts bilateral exercises with the South Korean military; South Korea has Major Non-NATO Ally (MNNA) status with the US, a designation under US law that provides foreign partners with certain benefits in the areas of defense trade and security cooperation; the South Korean military has assisted the US in conflicts in Afghanistan (5,000 troops; 2001-2014), Iraq (20,000 troops; 2003-2008), and Vietnam (325,000 troops; 1964-1973)

In 2016, South Korea concluded an agreement with the EU for participation in EU Common Security and Defense Policy (CSDP) missions and operations, such as the EU Naval Force Somalia – Operation Atalanta, which protects maritime shipping and conducts counter-piracy operations off the coast of East Africa

South Korea has been engaged with NATO through dialogue and security cooperation since 2005 and is considered by NATO to be a global partner; in 2022, South Korea established its Mission to NATO to further institutionalize its cooperative relationship; it has participated in NATO-led missions and exercises, including leading an integrated civilian-military reconstruction team in Afghanistan as part of the NATO-led International Security Assistance Force, 2010-2013; it has also cooperated with NATO in countering the threat of piracy in the Gulf of Aden by providing naval vessels as escorts

In addition to the invasion of South Korea and the subsequent Korean War (1950-53), North Korea from the 1960s to the 1980s launched a considerable number of limited military and subversive actions against South Korea using special forces and terrorist tactics; including aggressive skirmishes along the DMZ, overt attempts to assassinate South Korean leaders, kidnappings, the bombing of an airliner, and a failed effort in 1968 to foment an insurrection and conduct a guerrilla war in the South with more than 100 seaborne commandos; from the 1990s until 2010, the North lost two submarines and a semi-submersible boat attempting to insert infiltrators into the South (1996, 1998) and provoked several engagements in the Northwest Islands area along the disputed Northern Limit Line (NLL), including naval skirmishes between patrol boats in 1999 and 2002, the torpedoing and sinking of a South Korean corvette, the Cheonan, in 2010, and the bombardment of a South Korean Marine Corps installation on Yeonpyeong Island, also in 2010; since 2010, further minor incidents continue to occur periodically along the DMZ, where both the North and the South Korean militaries maintain large numbers of troops (2023)

Space

Space agency/agencies

Korea AeroSpace Administration (KASA; established 2024); Korea Aerospace Research Institute (KARI; established 1989 and previously acted as South Korea's space agency); Korea Advanced Institute of Science and Technology (KAIST); Korean Astronomy and Space Science Institute (KASI; funded by the South Korean Government) (2024)

Note 1: the South Korean space program works closely with the Agency for Defense Development (ADD), a national agency for research and development in defense technology established in 1970

Note 2: in January 2022, the South Korean military announced the formation of a space branch under its Joint Chiefs of Staff to coordinate the development of space and space-enabled capabilities across the Army, Navy and Air Force

Space launch site(s)

Naro Space Center (South Jeolla province) (2024)

Space program overview

Has a growing and ambitious space program focused on developing satellites, satellite/space launch vehicles (SLVs), and interplanetary probes; has a national space strategy; manufacturers and operates satellites, including those with communications, remote sensing (RS), scientific, and multipurpose capabilities; manufactures and launches SLVs; developing interplanetary space vehicles, including orbital probes and landers; participates in international space programs and has relations with an array of foreign space agencies and industries, including those of Australia, the European Space Agency (ESA) and its member states (particularly France, Germany, Italy, Spain, UK), India, Israel, Japan, Peru, Russia, UAE, and especially the US; has a robust and growing commercial space industry that works closely with government space program in the development of satellites and space launch capabilities; the South Korean Government has said it aims to capture 10% of the global space market by 2045 (2024)

Note: further details about the key activities, programs, and milestones of the country’s space program, as well as government spending estimates on the space sector, appear in the Space Programs reference guide

Transnational Issues

Refugees and internally displaced persons

Stateless persons: 202 (2022)

Illicit drugs

Precursor chemicals used for illicit drugs, such as acetic anhydride, pseudoephedrine, and ephedrine, imported from the United States, Japan, India, and China and then either resold within South Korea or smuggled into other countries