Introduction

flag South Korea South Korea: Introduction

Capital: Seoul

Population

Total Population: 51,628,117
Natural Increase: -0.2%
Density: 530 Inhabitants/km²
Urban Population: 81.4%
Population of main cities: Seoul (10,011,000); Busan (3,459,900); Incheon (3,029,300); Daegu (2,468,300); Daejeon (1,494,000); Gwangju (1,480,300); Suwon (1,235,100); Ulsan (1,168,500); Goyang (1,078,900); Yongin (1,078,600); Changwon (1,059,900)
Ethnic Origins: The population of South Korea is the most ethnically homogeneous in the world, with 96.6% of the population of Korean origin and 3.4% of foreign nationals. Among the largest groups of foreign nationals, Chinese nationals account for 43.5%, followed by 11.1% Vietnamese, 10.2% Thai and 4.4% from the United States. (Statistics Korea)
Official Language: Korean
Other Languages Spoken: None
Business Language(s): English; however, businesspeople often read English better than they can speak it.
Religion: Population with religion: 53.1%. Among those who are religious: Buddhism (43.0%), Christianity (34.5)%, Catholicism (20.6%), other (1.9%).

Local Time:

It is %T:%M %A In Seoul

Exchange Rate on :

National Currency: South Korean Won (KRW)

Country Overview

Area: 100,430 km²
Type of State: South Korea is a presidential republic. It is composed of 9 provinces and 6 cities with autonomous administration (Seoul, Busan, Incheon, Daegu, Gwangju, Daejeon).
Type of Economy: High-income economy, OECD member, emerging financial market.
Economic model focused heavily on exports
HDI*: 0.898/1
HDI (World Rank): 17/188

Note: (*) The HDI, Human Development Index, is an Indicator Which Synthesizes Several Data Such as Life Expectancy, Level of Education, Professional Careers, Access to Culture etc.

Telecommunication

Telephone Code:
To call from South Korea, dial 001, 002, 008, 00365, 00700
To call South Korea, dial +82
Internet Suffix: .kr
Computers: 57.6 per 100 Inhabitants
Telephone Lines: 61.9 per 100 Inhabitants
Internet Users: 84.1 per 100 Inhabitants
Access to Electricity: 100% of the Population

Foreign Trade in Figures

 
Foreign Trade Indicators 20192020202120222023
Imports of Goods (million USD) 503,343467,633615,093731,370642,572
Exports of Goods (million USD) 542,233512,498644,400683,585632,226
Imports of Services (million USD) 130,684104,266125,235138,890150,146
Exports of Services (million USD) 103,83989,596119,949131,637124,486

Source: WTO – World Trade Organisation, Latest data available.

 

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Latest Update: November 2024