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REPUBLIC OF KOREA

General information:
Capital: Surface area: Official language: Population: Exchange rate: Seoul 99 thousand sq km Korean 50 million (2012) A$1 = 1,118.47 Won (Jan 2013) 2008 931.4 1,346.8 19,028 27,513 2.3 3,198 0.3 56.4 4.7 2009 834.1 1,362.8 16,959 27,710 0.3 32,790 3.9 51.8 2.8
Real GDP growth
% 7 6 Exports 5 15,000 10,000 5,000 1 2007 2008 2009 2010 2011 2012 0 2008 4 Imports 3 2 4,000 12,000 8,000 16,000

Fact sheets are updated biannually; June and December

Head of State: President HE Ms Park Geun-hye Head of Government: Prime Minister HE Mr Chung Hong-won 2010 1,014.9 1,468.3 20,540 29,717 6.3 29,394 2.9 54.1 2.9 2011 1,116.2 1,554.1 22,424 31,220 3.6 26,068 2.3 58.0 4.0 2012(a) 1,155.9 1,613.9 23,113 32,272 2.0 43,139 3.7 56.5 2.2 2013(b) 1,258.6 1,687.1 25,051 33,580 2.8 34,604 2.7 55.4 2.4

Recent economic indicators:
GDP (US$bn) (current prices): GDP PPP (Int'l $bn) (c): GDP per capita (US$): GDP per capita PPP (Int'l $) (c): Real GDP growth (% change yoy): Current account balance (US$m): Current account balance (% GDP): Goods & services exports (% GDP): Inflation (% change yoy):
Australia's merchandise trade with Korea
A$m 25,000 20,000

Australia's merchandise exports to Korea
A$m 20,000 2007 2012

2009

2010

2011

2012

2013

Primary

STM

ETM

Other

Australia's trade and investment relationship with Korea (d):
Australian merchandise trade with Korea, 2012: Exports to Korea (A$m): Imports from Korea (A$m): Total trade (exports + imports) (A$m): Major Australian exports, 2012 (A$m): Iron ores & concentrates Coal Crude petroleum Beef
Total share: Rank: Growth (yoy):

19,852 9,855 29,707

8.0% 4.1% 6.1%

3rd 7th 4th

-14.6% 38.2% -2.2%

5,453 5,425 1,389 646

Major Australian imports, 2012 (A$m): Refined petroleum Passenger motor vehicles Civil engineering equipment & parts Telecom equipment & parts

2,676 2,047 1,292 266

Australia's trade in services with Korea, 2012: Exports of services to Korea (A$m): Imports of services from Korea (A$m): Major Australian service exports, 2012 (A$m): Education-related travel Personal travel excl education

Total share:

1,762 455

3.5% 0.7% Major Australian service imports, 2012 (A$m): Transport Personal travel excl education
Total:

754 664

218 101
FDI:

Australia's investment relationship with Korea, 2012 (e): Australia's investment in Korea (A$m): Korea's investment in Australia (A$m):

10,389 12,027

np 2,066

Korea's global merchandise trade relationships:
Korea's principal export destinations, 2012: 1 China 2 United States 3 Japan 12 Australia 24.5% 10.7% 7.1% 1.7% Korea's principal import sources, 2012: 1 China 2 Japan 3 United States 6 Australia 15.5% 12.4% 8.3% 4.4%

Compiled by the Trade Advocacy and Statistics Section, DFAT, using the latest data from the ABS, the IMF and various international sources. (a) All recent data subject to revision; (b) IMF/EIU forecast; (c) PPP is purchasing power parity; (d) Total may not add due to rounding; (e) Stock, as at 31 December. Released annually by the ABS. na Data not available. np Data not published. .. Data not meaningful.