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【 Korea Introduction 】
Republic of Korea (English: Republic of Korea), referred to as "South Korea". Located in the south of the Korean Peninsula in East Asia, it covers an area of about 100,000 square kilometers (45% of the area of the Korean Peninsula). The main ethnic group is the Korean people, and the Korean language is widely used. The total population is about 51.47 million. [1] The capital is Seoul.
South Korea is surrounded by the sea on three sides, bordering the Yellow Sea on the west, the Korean Strait on the southeast, the Sea of Japan on the East and the DPRK on the north across the 38-line demilitarized zone.
The Korean Peninsula became a Japanese colony in 1910 and regained its independence on August 15, 1945. In August and September 1948, the Republic of Korea and the Democratic People's Republic of Korea were established successively in the north and south of the Korean Peninsula along the 38-degree north latitude line. The Korean War broke out in 1950. On July 27, 1953, according to the Korean Armistice Agreement, the two sides ceased fighting. Since the 1960s, the Korean government has implemented an "export-led" economic development strategy, creating a period of rapid economic growth known as the "Hanjiang Miracle", and has become one of the "four Asian dragons".
Republic of Korea (English: Republic of Korea), referred to as "South Korea". Located in the south of the Korean Peninsula in East Asia, it covers an area of about 100,000 square kilometers (45% of the area of the Korean Peninsula). The main ethnic group is the Korean people, and the Korean language is widely used. The total population is about 51.47 million. [1] The capital is Seoul.
South Korea is surrounded by the sea on three sides, bordering the Yellow Sea on the west, the Korean Strait on the southeast, the Sea of Japan on the East and the DPRK on the north across the 38-line demilitarized zone.
The Korean Peninsula became a Japanese colony in 1910 and regained its independence on August 15, 1945. In August and September 1948, the Republic of Korea and the Democratic People's Republic of Korea were established successively in the north and south of the Korean Peninsula along the 38-degree north latitude line. The Korean War broke out in 1950. On July 27, 1953, according to the Korean Armistice Agreement, the two sides ceased fighting. Since the 1960s, the Korean government has implemented an "export-led" economic development strategy, creating a period of rapid economic growth known as the "Hanjiang Miracle", and has become one of the "four Asian dragons".
【 Korea Economics 】
Survey
In the 1960s, the Korean economy began to develop. Since the 1970s, the per capita GNP has increased from $87 in 1962 to $10548 in 1996, creating the "Han River Miracle". In 1996, he joined the Organization for Economic Cooperation and Development (OECD) and became one of the founding members of the World Trade Organization (WTO) in the same year. After the Asian financial crisis in 1997, the Korean economy entered a period of medium-speed growth.
Manufacturing and service industries dominate the industry. Shipbuilding, automobile, electronics, steel, textile and other industries are among the top 10 in the world. Large enterprise groups play a very important role in the Korean economy. At present, the main large enterprise groups are Sanxing, Hyundai Automobile, SK, LG and so on.
In 2008, affected by the international financial crisis, the Korean economy declined significantly. The Korean government has adopted a series of policies, including large-scale fiscal stimulus. The financial market has recovered in an all-round way, the real economy has stabilized and rebounded, and the confidence of enterprises and consumers has been constantly increasing. It has become the first country in the member countries of the Organization for Economic Cooperation and Development to get out of the bottom. [4]
The main economic data for 2017 are as follows:
Gross domestic product (2017): 1.5 trillion US dollars.
Per capita national income (2017): US$29.2 million.
Economic growth rate (2017): 3.1%.
Currency name: Korean won.
Exchange rate: US$1 1120 won (floating exchange rate system). [4]
Industry
Korea's industrial and mining output accounts for 30% of GDP, semiconductor sales rank first in the world, and crude steel output ranks sixth in the world. [4]
Agriculture
Korea has 175.9 hectares of arable land, mainly distributed in the western and southern plains and hilly areas. Agricultural population accounts for about 6.8% of the total population. Agricultural output (including fisheries and forestry) accounts for 2.6% of GDP. [4]
Tourism
Korea's tourism industry is relatively developed. In recent years, the Korean government has identified tourism as a strategic industry, actively encouraged and developed tourism, and attracted foreign tourists by publicizing Korean culture, simplifying entry procedures for hot tourist areas, improving domestic tourism market, improving domestic tourism hardware facilities, and upgrading related service levels. According to Korean statistics, 13.34 million foreign tourists visited Korea in 2017. From January to October 2018, 12.67 million foreign tourists visited Korea. [4]
Finance
Korea's financial industry is composed of Korean Bank, the Central Bank of Korea, and Korean Bank Financial Institutions. The Bank of Korea, as the central bank, is responsible for implementing the Korean monetary policy and Issuing the Korean currency, the Korean won. In addition to the Bank of Korea, there are several policy banks in Korea, such as Industrial Bank, Small and Medium-sized Enterprise Bank, Aquatic Association Bank, etc. The main national commercial banks in Korea include Bank of Korea, National Bank, Youli Bank and Bank of New Korea. Among them, the Bank of New Korea was founded in 1897, which is the first commercial bank in Korean history. At present, the National Bank is the largest bank in Korea.
The Korea Stock Exchange (KRX) is the only stock exchange in Korea, headquartered in the wide area of Busan, South Korea. In 2005, the former Korea Stock Exchange (KSE), Korea Futures Exchange (KOFEX) and Korea Growth Enterprise Market (KOSDAQ) were merged. The main index is the Korea Composite Stock Index. The trading volume of securities futures and other derivatives on the Korean Exchange ranks first in the world. In 2010, the volume of derivatives contracts traded on the Korean Exchange was 3.752 billion, accounting for 16.8% of the world's trading volume. According to the statistics of the World Exchange Federation in 2008, the turnover and turnover rate of KOSDAQ in the GEM market in Korea is second only to Nasdaq in the United States, and the total market value of its listed companies ranks fourth in the world.
Finance and Finance
In 2017, Korea's fiscal revenue and expenditure (unit: trillion won): fiscal revenue 375.6 trillion won, fiscal expenditure 346.4 trillion won. By the end of 2018, Korea's foreign exchange reserves were about $403.7 billion. [4]
foreign trade
In 2017, the total foreign trade volume was 105.21 billion US dollars, and the balance of trade surplus was 95.3 billion US dollars, an increase of 6.6%. Among them, exports amounted to $573.7 billion, an increase of 15.8%, while imports amounted to $478.4 billion, an increase of 17.8%. With more than 180 countries and regions in the world, China, the United States and Japan are the three major trading partners of Korea.
The main imported products are crude oil, semiconductor, natural gas, petroleum products, semiconductor parts, steel plate, coal, communication equipment, cables and so on. The main export products are automobiles and spare parts, semiconductors, wired wireless communication equipment, ships, petroleum products, flat-panel liquid crystal display, personal computers, film and television equipment, etc.
Survey
In the 1960s, the Korean economy began to develop. Since the 1970s, the per capita GNP has increased from $87 in 1962 to $10548 in 1996, creating the "Han River Miracle". In 1996, he joined the Organization for Economic Cooperation and Development (OECD) and became one of the founding members of the World Trade Organization (WTO) in the same year. After the Asian financial crisis in 1997, the Korean economy entered a period of medium-speed growth.
Manufacturing and service industries dominate the industry. Shipbuilding, automobile, electronics, steel, textile and other industries are among the top 10 in the world. Large enterprise groups play a very important role in the Korean economy. At present, the main large enterprise groups are Sanxing, Hyundai Automobile, SK, LG and so on.
In 2008, affected by the international financial crisis, the Korean economy declined significantly. The Korean government has adopted a series of policies, including large-scale fiscal stimulus. The financial market has recovered in an all-round way, the real economy has stabilized and rebounded, and the confidence of enterprises and consumers has been constantly increasing. It has become the first country in the member countries of the Organization for Economic Cooperation and Development to get out of the bottom. [4]
The main economic data for 2017 are as follows:
Gross domestic product (2017): 1.5 trillion US dollars.
Per capita national income (2017): US$29.2 million.
Economic growth rate (2017): 3.1%.
Currency name: Korean won.
Exchange rate: US$1 1120 won (floating exchange rate system). [4]
Industry
Korea's industrial and mining output accounts for 30% of GDP, semiconductor sales rank first in the world, and crude steel output ranks sixth in the world. [4]
Agriculture
Korea has 175.9 hectares of arable land, mainly distributed in the western and southern plains and hilly areas. Agricultural population accounts for about 6.8% of the total population. Agricultural output (including fisheries and forestry) accounts for 2.6% of GDP. [4]
Tourism
Korea's tourism industry is relatively developed. In recent years, the Korean government has identified tourism as a strategic industry, actively encouraged and developed tourism, and attracted foreign tourists by publicizing Korean culture, simplifying entry procedures for hot tourist areas, improving domestic tourism market, improving domestic tourism hardware facilities, and upgrading related service levels. According to Korean statistics, 13.34 million foreign tourists visited Korea in 2017. From January to October 2018, 12.67 million foreign tourists visited Korea. [4]
Finance
Korea's financial industry is composed of Korean Bank, the Central Bank of Korea, and Korean Bank Financial Institutions. The Bank of Korea, as the central bank, is responsible for implementing the Korean monetary policy and Issuing the Korean currency, the Korean won. In addition to the Bank of Korea, there are several policy banks in Korea, such as Industrial Bank, Small and Medium-sized Enterprise Bank, Aquatic Association Bank, etc. The main national commercial banks in Korea include Bank of Korea, National Bank, Youli Bank and Bank of New Korea. Among them, the Bank of New Korea was founded in 1897, which is the first commercial bank in Korean history. At present, the National Bank is the largest bank in Korea.
The Korea Stock Exchange (KRX) is the only stock exchange in Korea, headquartered in the wide area of Busan, South Korea. In 2005, the former Korea Stock Exchange (KSE), Korea Futures Exchange (KOFEX) and Korea Growth Enterprise Market (KOSDAQ) were merged. The main index is the Korea Composite Stock Index. The trading volume of securities futures and other derivatives on the Korean Exchange ranks first in the world. In 2010, the volume of derivatives contracts traded on the Korean Exchange was 3.752 billion, accounting for 16.8% of the world's trading volume. According to the statistics of the World Exchange Federation in 2008, the turnover and turnover rate of KOSDAQ in the GEM market in Korea is second only to Nasdaq in the United States, and the total market value of its listed companies ranks fourth in the world.
Finance and Finance
In 2017, Korea's fiscal revenue and expenditure (unit: trillion won): fiscal revenue 375.6 trillion won, fiscal expenditure 346.4 trillion won. By the end of 2018, Korea's foreign exchange reserves were about $403.7 billion. [4]
foreign trade
In 2017, the total foreign trade volume was 105.21 billion US dollars, and the balance of trade surplus was 95.3 billion US dollars, an increase of 6.6%. Among them, exports amounted to $573.7 billion, an increase of 15.8%, while imports amounted to $478.4 billion, an increase of 17.8%. With more than 180 countries and regions in the world, China, the United States and Japan are the three major trading partners of Korea.
The main imported products are crude oil, semiconductor, natural gas, petroleum products, semiconductor parts, steel plate, coal, communication equipment, cables and so on. The main export products are automobiles and spare parts, semiconductors, wired wireless communication equipment, ships, petroleum products, flat-panel liquid crystal display, personal computers, film and television equipment, etc.
【 Korea markets 】
Busan / Chungcheongbuk-do / Chungcheongnam-do / Daegu / Daejeon / Gangwon-do / Gwangju / Gyeonggi-do / Gyeongsangbuk-do / Gyeongsangnam-do / Incheon / Jeollabuk-do / Jeollanam-do / Seoul / Ulsan /
Busan / Chungcheongbuk-do / Chungcheongnam-do / Daegu / Daejeon / Gangwon-do / Gwangju / Gyeonggi-do / Gyeongsangbuk-do / Gyeongsangnam-do / Incheon / Jeollabuk-do / Jeollanam-do / Seoul / Ulsan /
【 Korea products: 】