GIK gays in korea

Korea  |  gay Koreasite

officially Republic of Korea

Korean Taehan Min'guk


source :  | World Travel Guide  | CIA - The World Factbook


Area: 99,720 sq km

Population: 48,636,068 (July 2010 est.)

Capital: Seoul. Population: 10,208,302 (Seoul Metropolitan Government 2010)


Geography: The Republic of Korea (South Korea) shares borders to the north with the demilitarized zone (separating it from the Democratic People's Republic of Korea), to the east with the Sea of Japan (East Sea), to the south with the Korea Strait (separating it from Japan) and to the west with the Yellow Sea. There are many islands, bays and peninsulas in the Korea Strait. The volcanic island of Cheju-do lies off the southwest coast. Most of the country consists of hills and mountains and the 30 per cent of flat plain contains the majority of the population and cultivation. Most rivers rise in the mountains to the east, flowing west and south to the Yellow Sea. The Naktong River flows into the Korea Strait near the southern port of Pusan. The eastern coast is rocky and steep with mountains rising from the sea.


Economy : Since the 1960s, South Korea has achieved an incredible record of growth and integration into the high-tech modern world economy. Four decades ago, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies. Today its GDP per capita is equal to the lesser economies of the EU. This success 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 1997-99 exposed longstanding weaknesses in South Korea's development model, including high debt/equity ratios, massive foreign borrowing, and an undisciplined financial sector. GDP plunged by 6.9% in 1998, then recovered by 9.5% in 1999 and 8.5% in 2000. Growth fell back to 3.3% in 2001 because of the slowing global economy, falling exports, and the perception that much-needed corporate and financial reforms had stalled. Led by consumer spending and exports, growth in 2002 was an impressive 7%, despite anemic global growth. Between 2003 and 2006, growth moderated to about 4-5%. A downturn in consumer spending was offset by rapid export growth. Moderate inflation, low unemployment, an export surplus, and fairly equal distribution of income characterize this solid economy.


Government: Republic since 1945. President Lee Myung-Bak since 2008. Prime Minister Kim Whang-Sik since 2010

Language: Korean

Religion: Mahayana Buddhism with a large Christian minority. Also Confucianism and Chundokyo, which is peculiar to Korea and combines elements of Shamanist, Buddhist and Christian doctrines.

Time: GMT + 9.

Electricity: 110/220 volts AC, 60Hz. Government policy is to phase out the 110-volt supply and many hotels now have a 220 volt supply.

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update 2011-02-28

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