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Fact Sheet

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Republic of Korea

Official Title:
Republic of Korea (ROK)


General Information

Please note that all statistics reflect Canadian dollars, with some figures reflecting the yearly averages for the year. If listed as ’0’ or absent, the statistic is unavailable.
Bilateral Product trade
Canada - Republic of Korea
Year Exports Imports
2012 $3,714,614,630 $6,372,362,587
2013 $3,500,594,990 $7,337,737,924
2014 $4,176,731,781 $7,245,443,699
2015 $4,019,327,138 $8,241,060,689
2016 $4,368,856,612 $10,603,423,945
Product trade (2016)
21 HS Sections
Canada - Republic of Korea
Section Exports Imports
01 Animal & Prod. $263,594,401 $12,539,037
02 Veg. Prod. $194,205,850 $18,977,414
03 Fats, Oils & Waxes Prod. $124,779,795 $868,166
04 Food Prod. $117,478,085 $84,881,427
05 Mineral Prod. $1,814,873,726 $46,257,992
06 Chemical Prod. $226,528,843 $195,329,687
07 Plastics, Rubber Prod. $49,969,725 $494,626,371
08 Leather, Fur Prod. $54,848,420 $12,288,067
09 Wood Prod. $204,455,121 $1,074,890
10 Paper Prod. $275,819,642 $40,400,366
11 Textiles Prod. $25,846,397 $182,243,403
12 Dress Access. $1,195,602 $7,825,327
13 Glass & Stone Prod. $4,439,872 $47,426,340
14 Precious Metals/stones $1,031,893 $243,732,243
15 Base Metal Prod. $450,893,158 $703,486,828
16 Mach. Mech. Elec. Prod. $299,538,145 $5,131,826,034
17 Vehicles and Equip. $73,170,050 $3,207,628,077
18 Specialized Inst. $125,714,406 $109,062,859
19 Arms & Ammunition $31,828 $1,952,798
20 Misc. Articles $11,666,444 $55,497,267
21 Antiques $1,254,940 $304,342

Capital: Seoul
Population (million): 51.25
Total Area: 100,266km2
Currency: 1 CAN$ = 873.23475 SK Won (KRW) (2016 - Annual average)
National Holiday: National Foundation Day, 3 October
Language(s): Korean


Political Information

Type of State:

Type of Government:
Presidential Republic (President Park Geun-hye was impeached on December 9, 2016)

Head of State:
President Moon Jae-in

Head of Government:
To be confirmed.

Ministers:
Prime Minister-designate: Lee Nak-yon (To be confirmed)
Foreign Affairs: To be confirmed.
Trade, Industry and Energy: To be confirmed.

Main Political Parties:
Democratic (Minjoo) Party of Korea, Liberty Korea Party, People’s Party, Bareun Party.

Elections:
Presidential: May 2017. National Assembly: April 2020. Gubernatorial: June 2018.


Economic Information (2016)

Comparative figures
Type Republic of Korea Canada
GDP: ($ billion) 1,870.24 2,026.59
GDP per capita: ($) 36,495.53 55,938.56
GDP growth rate: (%) 2.83 1.43
Inflation: (%) 0.97 1.41
Unemployment: (%) 3.71 7

Product Trade and investment (2016)

Canadian exports to country: $4,368,856,612
Canadian imports from country: $10,603,423,945
FDI in Canada: $1,461 million
CDI in Republic of Korea: $1,726 million


Representation

Foreign Representation in Canada:
Ambassador Shin Maeng-ho

Canadian Representation Abroad:
Ambassador Eric Walsh


May 2017
Sources include: Statistics Canada, IMF

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Date Modified:
2012-07-20