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South Korea

South Korea ยท KOR ยท East Asia

25

Risk Score

Guardedโ†’ Stable

Risk Factors

No recent events in pipeline

Overview

South Korea is a high-tech industrialized nation with a strong export-oriented economy, known for its innovation in electronics, automobiles, and shipbuilding. It faces ongoing geopolitical challenges from North Korea and maintains a robust alliance with the United States.

Leadership

Yoon Suk-yeol

President

GOVERNMENT: Unitary presidential republic

Han Duck-soo

Cho Tae-yul

Choi Sang-mok

Economy

GDP

$1.9T

GDP per Capita

$38.5K

GDP Growth

+2.3%

Inflation

2.2%

Unemployment

2.8%

ElectronicsTelecommunicationsAutomobilesChemicalsShipbuildingSteel

Trade

Key Exports

SemiconductorsAutomobilesPetrochemicalsShipsMobile Phones

Key Imports

Crude OilNatural GasElectronic ComponentsMachineryChemicals

Top Partners

ChinaUnited StatesVietnamJapanEuropean Union