Korea Market Profile

  • Official Name: Republic of Korea
  • Capital: Seoul
  • Independence: 3/10
  • Area: 99 720 km2 of which land area: 96 920 km2; water area: 2,800 km2
  • Population: 49 million people (as of January 6/2014)
  • Language: Korean
  • Currencies: Won, rate 1 USD = 1,084 KRW (Won) (2015)
  • Institutional: The head of the Republic of Korea's President directly elected by the people every five years and are not allowed to re-election. President is the highest representative of the nation and the military command (equivalent functions: Total Commander). Prime minister appointed by the president and government leaders.Government has a minimum of 15 and maximum of 30 members. Government members appointed by the prime minister. Prime minister and ministers must be approved by the parliament

Korea Map