Tuesday, November 18, 2014

About - Korea Trade-Investment Corp


The Republic Of Korea is a small country on the far eastern edge of Asia. Although it ranks 109th in the world in terms of land area, the country is a center of economic activity, culture, and arts. Korea was colonized by Japan in the early 20th century and later had to endure the Korean War (1950-53), but it has achieved amazing economic growth in a short period, dubbed "the Miracle on the Han River."
Today, Korea is an industrial nation standing tall on the world stage. Its semiconductor, automobile, shipbuilding, steel making, and IT industries are on the leading edge in global markets. It hosted the 1988 Seoul Olympics and the 2002 Korea-Japan FIFA World Cup. More recently, Korean dramas, movies, and music are attracting many audiences in Asian countries and beyond, creating what is being called the "Korean Wave." Korea's new standing in the international community was highlighted in 2010 with the nation becoming the first Asian country to chair the G20 and host the G20 Seoul Summit.

People

Population
50.95 million (South Korea) (2012)
* Foreign Residents (including short-term sojourners) :
1.4 million
* Cities by Population: Seoul (10.2 million),
Busan (3.5 million), Incheon (2.8 million),
Daegu (2.5 million), Daejeon (1.5 million),
Gwangju (1.5 million), Ulsan (1.1 million) (2012)
Median Age
38.9 years (2012)
Economically Active Population
25.5 million (2012)
Population Increase Rate
0.45% (2012)
Life Expectancy
Male, 77.7 years; female, 84.5 years (2012)
Religion
A 2005 census showed one half of the population
practice religion. Among them, 10,726,463 Buddhists,
8,616,438 Protestants, and 5,146,147 Catholics comprise
the three dominant religions.

Government

Political System
Republic with a president elected to a single 5-year term
by direct popular vote. division of power among the
executive, legislature (unicameral National Assembly),
and judiciary branches
President
Park Geun-Hye since 2013
Suffrage
Universal at 19 years of age
Elections
Presidential: every 5 years
National Assembly: every 4 years
Local Government: every 4 years

Economy

Gross Domestic Product
US$ 1,129 billion (2012)
Per Capita GNI
US$ 22,708 (2012)
GDP Growth Rate: 2.0% (2012)
Foreign Exchange Reserves: US$ 317 billion (2012)
Exports
US$548 billion (2012)
Imports
US$520 billion (2012)
Major Industrial Products
Semiconductors, automobiles, ships, consumer electronics,
mobile telecommunications, equipment,
steel, and chemicals.

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