Since the 1960s, South Korea has achieved an incredible record of growth and global integration to become a high-tech industrialized 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, and currently is among the world's twenty largest economies. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, a... More..
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SOURCE: CIA - The World Factbook | |
Currency | Won |
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Fiscal Year | 01 January - 31 December |
GDP (PPP) | $1.356 trillion (2009 est.) |
GDP (per capita) | $28,000 (2009 est.) |
Exports | $355.1 billion (2009 est.) |
Imports | $313.4 billion (2009 est.) |
Main Industries | Electronics, Telecommunications, Automobile Production, Chemicals, Shipbuilding, Steel |
Exports - Commodities | Semiconductors, Wireless Telecommunications Equipment, Motor Vehicles, Computers, Steel, Ships, Petrochemicals |
Imports - Commodities | Machinery, Electronics and Electronic Equipment, Oil, Steel, Transport Equipment, Organic Chemicals, Plastics |
Exports Partners | China 21.5%, US 10.9%, Japan 6.6%, Hong Kong 4.6% (2008) |
Imports Partners | China 17.7%, Japan 14%, US 8.9%, Saudi Arabia 7.8%, UAE 4.4%, Australia 4.1% (2008) |
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