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ECONOMY
According to International Monetary Funds World Economic Outlook
Database, South Koreas economic stats are:
Total Gross Domestic Product: $1.781 trillion in 2014.
Exports accounted for about 32.2% of total economic output.
Population: 50.42 million
Unemployment rate: 3.5% in 2014.
Region: OECD high income
GNI per capita (US$): 27,090
South Korea shipped US$573.1 billion worth of products around the
globe in 2014.
Busan
Harbour, the
largest port
in South
Korea
CULTURE
POLITY
South Korea has a stable government with sustainable democracy and a
healthy infrastructure.
The relationship between North Korea and South Korea is strained and is a
source of political and social controversy
Unlike some countries, South Korea didnt overeat at the debt buffet. Public
spending only accounts for about 25% of GDP, compared to 115% in
Greece and 192% in Japan. Moreover, the country is enjoying a current
account surplus, thanks to strong exports, particularly of semiconductors
and automobiles.
Iron or steel products were the fastest-growing among the top 10 export
categories, up 64.7% for the 5-year period starting in 2010.
In second place for improving export sales was oil which was up 61.7%
overwhelmingly led by refined petroleum.
South Korean organic chemicals posted the third-fastest gain at 45%, followed by
Korean automobile exports with its 37.2% appreciation.
The only declining categories among the top 10 South Korean exports were ships
and boats (down in value by 18%) and medical/technical equipment (down 5.1%).
INDIAN EXPORTS
Bilateral trade between India and Korea, Republic of
Product
code
TOTAL
'27
'76
'72
'29
'23
'52
'84
'12
'85
'90
India's
Korea,
exports to
Republic of's
Product label
Korea,
imports from
Republic of world
Value in
Value in 2014
2014
All products
47,94,855.00
525563837
Mineral fuels, oils, distillation products, etc 16,55,757.00
175719552
Aluminium and articles thereof
5,05,151.00
6229697
Iron and steel
4,11,929.00
21957438
Organic chemicals
3,00,747.00
14320417
Residues, wastes of food industry, animal
fodder
2,20,832.00
2420471
Cotton
2,19,900.00
1505541
Machinery, nuclear reactors, boilers, etc
1,29,179.00
48795680
Oil seed, oleagic fruits, grain, seed, fruit,
etc, nes
1,16,320.00
1862947
Electrical, electronic equipment
80,564.00
75055783
Optical, photo, technical, medical, etc
apparatus
76,687.00
17835565
The rankings are benchmarked to June 2015 and based on the average
of each economys distance to frontier (DTF) scores for the 10 topics
included in this years aggregate ranking. The distance to frontier score
benchmarks economies with respect to regulatory practice, showing the
absolute distance to the best performance in each Doing Business
indicator. An economys distance to frontier score is indicated on a scale