Южная Корея, Ким Дэ Чжун

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Judicial branch: Supreme Court, justices are appointed by the president subject to the consent of the National Assembly

Political parties and leaders: Grand National Party or GNP [CHO Sun, president]; National Congress for New Politics or NCNP [KIM Dae-jung, president]; United Liberal Democrats or ULD [PAK Tae-chun, president] note: subsequent to the legislative election of April 1996 the following parties disbanded—New Korea Party or NKP and Democratic Party or DP; New People's Party or NPP merged with the NCNP in August 1998

Political pressure groups and leaders: Korean National Council of Churches; National Democratic Alliance of Korea; National Federation of Student Associations; National Federation of Farmers' Associations; National Council of Labor Unions; Federation of Korean Trade Unions; Korean Veterans' Association; Federation of Korean Industries; Korean Traders Association; Korean Confederation of Trade Unions

International organization participation: AfDB, APEC, AsDB, BIS, CCC, CP, EBRD, ESCAP, FAO, G-77, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IEA (observer), IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, MINURSO, NEA, NSG, OAS (observer), OECD, OPCW, OSCE (partner), UN, UNCTAD, UNESCO, UNIDO, UNMOGIP, UNOMIG, UNU, UPU, WHO, WIPO, WMO, WToO, WTrO

Diplomatic representation in the US: chief of mission: Ambassador YI Hong-ku chancery: 2450 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 939-5600 FAX: [1] (202) 387-0205 consulate(s) general: Agana (Guam), Anchorage, Atlanta, Boston, Chicago, Honolulu, Houston, Los Angeles, Miami, New York, San Francisco, and Seattle

Diplomatic representation from the US: chief of mission: Ambassador Stephen W. BOSWORTH embassy: 82 Sejong-Ro, Chongro-ku, Seoul mailing address: American Embassy, Unit 15550, APO AP 96205-0001 telephone: [82] (2) 397-4114 FAX: [82] (2) 738-8845

Flag description: white with a red (top) and blue yin-yang symbol in the center; there is a different black trigram from the ancient I Ching (Book of Changes) in each corner of the white field

Economy

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Economy—overview: As one of the Four Dragons of East Asia, South Korea has achieved an incredible record of growth. Three decades ago its GDP per capita was comparable with levels in the poorer countries of Africa and Asia. Today its GDP per capita is seven times India's, 13 times North Korea's, and already near the lesser economies of the European Union. This success through the late 1980s was achieved by a system of close government business ties, including directed credit, import restrictions, sponsorship of specific industries, and a strong labor effort. The government promoted the import of raw materials and technology at the expense of consumer goods and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed certain longstanding weaknesses in South Korea's development model, including high debt/equity ratios, massive foreign borrowing, and an undisciplined financial sector. By the end of 1998 it had recovered financial stability, rebuilding foreign exchange reserves to record levels by running a current account surplus of $40 billion. As of December 1998, the first tentative signs of a rebound in the economy emerged, and most forecasters expect GDP growth to turn positive at least in the second half of 1999. Seoul has also made a positive start on a program to get the country's largest business groups to swap subsidiaries to promote specialization, and the administration has directed many of the mid-sized conglomerates into debt-workout programs with creditor banks. Challenges for the future include cutting redundant staff, which reaches 20%-30% at most firms and maintaining the impetus for structural reform.

GDP: purchasing power parity—$584.7 billion (1998 est.)

GDP—real growth rate: -6.8% (1998 est.)

GDP—per capita: purchasing power parity—$12,600 (1998 est.)

GDP—composition by sector: agriculture: 6% industry: 43% services: 51% (1997 est.)

Population below poverty line: NA%

Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA%

Inflation rate (consumer prices): 7.5% (1998)

Labor force: 20 million

Labor force—by occupation: services and other 52%, mining and manufacturing 27%, agriculture, fishing, forestry 21% (1991)

Unemployment rate: 7.9% (1998)

Budget: revenues: $100.4 billion expenditures: $100.5 billion, including capital expenditures of $NA (1997 est.)

Industries: electronics, automobile production, chemicals, shipbuilding, steel, textiles, clothing, footwear, food processing

Industrial production growth rate: 3.1% (1997 est.)

Electricity—production: 194.163 billion kWh (1996)

Electricity—production by source: fossil fuel: 61.18% hydro: 2.65% nuclear: 36.17% other: 0% (1996)

Electricity—consumption: 194.163 billion kWh (1996)

Electricity—exports: 0 kWh (1996)

Electricity—imports: 0 kWh (1996)

Agriculture—products: rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish

Exports: $133 billion (f.o.b., 1998)

Exports—commodities: electronic and electrical equipment, machinery, steel, automobiles, ships; textiles, clothing, footwear; fish

Exports—partners: US 17%, EU 13%, Japan 12% (1995)

Imports: $94 billion (c.i.f., 1998)

Imports—commodities: machinery, electronics and electronic equipment, oil, steel, transport equipment, textiles, organic chemicals, grains

Imports—partners: US 22%, Japan 21%, EU 13% (1995)

Debt—external: $154 billion (1998 est.)

Economic aid—recipient: $NA

Currency: 1 South Korean won (W) = 100 chun (theoretical)

Exchange rates: South Korean won (W) per US$1—1,174.00 (January 1999), 1,401.44 (1998), 951.29 (1997), 804.45 (1996), 771.27 (1995), 803.45 (1994)

Fiscal year: calendar year

Communications

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Telephones: 16.6 million (1993)

Telephone system: excellent domestic and international services domestic: NA international: fiber-optic submarine cable to China; satellite earth stations—3 Intelsat (2 Pacific Ocean and 1 Indian Ocean) and 1 Inmarsat (Pacific Ocean region)

Radio broadcast stations: AM 79, FM 46, shortwave 0

Radios: 42 million (1993 est.)

Television broadcast stations: 121 (in addition, there are 850 relay stations and eight-channel American Forces Korea Network) (1997)

Televisions: 9.3 million (1992 est.)

Transportation

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Railways: total: 6,240 km standard gauge: 6,240 km 1.435-m gauge (525 km electrified) (1998 est.)

Highways: total: 63,500 km paved: 46,800 km (including 1,720 km of expressways) unpaved: 16,700 km (1998 est.)

Waterways: 1,609 km; use restricted to small native craft

Pipelines: petroleum products 455 km; note—additionally, there is a parallel petroleum, oils, and lubricants (POL) pipeline being completed

Ports and harbors: Chinhae, Inch'on, Kunsan, Masan, Mokp'o, P'ohang, Pusan, Tonghae-hang, Ulsan, Yosu

Merchant marine: total: 442 ships (1,000 GRT or over) totaling 5,212,089 GRT/8,161,845 DWT ships by type: bulk 106, cargo 133, chemical tanker 36, combination bulk 5, container 52, liquefied gas tanker 13, multifunction large-load carrier 1, oil tanker 56, passenger 3, refrigerated cargo 22, roll-on/roll-off cargo 2, short-sea passenger 1, specialized tanker 3, vehicle carrier 9 (1998 est.)