An independent Korean state or collection of states has existed almost continuously for several millennia. Between its initial unification in the 7th century - from three predecessor Korean states - until the 20th century, Korea existed as a single independent country. In 1905, following the Russo-Japanese War, Korea became a protectorate of imperial Japan, and in 1910 it was annexed as a colony. Korea regained its independence following Japan's surrender to the United States in 1945. After World War II, a Republic of Korea (ROK) was set up in the southern half of the Korean Peninsula while a Communist-style government was installed in the north (the DPRK). During the Korean War (1950-53), US troops and UN forces fought alongside soldiers from the ROK to defend South Korea from DPRK attacks supported by China and the Soviet Union. An armistice was signed in 1953, splitting the peninsula along a demilitarized zone at about the 38th parallel. Thereafter, South Korea achieved rapid economic growth with per capita income rising to roughly 14 times the level of North Korea. In 1993, KIM Young-sam became South Korea's first civilian president following 32 years of military rule. South Korea today is a fully functioning modern democracy. In June 2000, a historic first North-South summit took place between the South's President KIM Dae-jung and the North's leader KIM Jong Il.

Geography

Location: Eastern Asia, southern half of the Korean Peninsula bordering the Sea of Japan and the Yellow Sea

Area: total: 98,480 sq km; land: 98,190 sq km; water: 290 sq km

Land boundaries: total: 238 km;

border countries: North Korea 238 km

Coastline: 2,413 km

Climate: temperate, with rainfall heavier in summer than winter

Terrain: mostly hills and mountains; wide coastal plains in west and south

Elevation extremes: lowest point: Sea of Japan 0 m; highest point: Halla-san 1,950 m

Natural resources: coal, tungsten, graphite, molybdenum, lead, hydropower potential

People

Population: 49,044,790 (July 2007 est.)

Net migration rate: 0 migrant(s)/1,000 population (2007 est.)

Life expectancy at birth: total population: 77.23 years; male: 73.81 years; female: 80.93 years (2007 est.)

Ethnic groups: homogeneous (except for about 20,000 Chinese)

Religions: Christian 26.3% (Protestant 19.7%, Roman Catholic 6.6%), Buddhist 23.2%, other or unknown 1.3%, none 49.3% (1995 census)

Languages: Korean, English widely taught in junior high and high school

Government

Government type: republic

Capital: name: Seoul

Administrative divisions: 9 provinces (do, singular and plural) and 7 metropolitan cities (gwangyoksi, singular and plural) provinces: Cheju-do, Cholla-bukto (North Cholla), Cholla-namdo (South Cholla), Ch'ungch'ong-bukto (North Ch'ungch'ong), Ch'ungch'ong-namdo (South Ch'ungch'ong), Kangwon-do, Kyonggi-do, Kyongsang-bukto (North Kyongsang), Kyongsang-namdo (South Kyongsang)
metropolitan cities: Inch'on-gwangyoksi (Inch'on), Kwangju-gwangyoksi (Kwangju), Pusan-gwangyoksi (Pusan), Soul-t'ukpyolsi (Seoul), Taegu-gwangyoksi (Taegu), Taejon-gwangyoksi (Taejon), Ulsan-gwangyoksi (Ulsan)

chief of state: President ROH Moo-hyun (since 25 February 2003)

head of government: Prime Minister HAN Duck-soo (since 2 April 2007); Deputy Prime Ministers KIM Woo-sik (since 10 February 2006); KWON O-kyu (since 18 July 2006); KIM Shin-il (since 20 September 2006)

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.

Labor force: 23.77 million (31 December 2006 est.)

Labor force - by occupation: agriculture: 6.4%; industry: 26.4%; services: 67.2% (2006 est.)

Unemployment rate: 3.3% (December 2006 est.)

Industries: electronics, telecommunications, automobile production, chemicals, shipbuilding, steel

information courtesy The World Factbook Spetember 2007