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General information: Fact sheets are updated biannually; June and December

Capital: Seoul Head of State:

Surface area: 99 thousand sq km President HE Ms Park Geun-hye

Official language: Korean

Population: 50 million (2012) Head of Government:

Exchange rate: A$1 = 1,118.47 Won (Jan 2013) Prime Minister HE Mr Chung Hong-won

Recent economic indicators: 2008 2009 2010 2011 2012(a) 2013(b)GDP (US$bn) (current prices): 931.4 834.1 1,014.9 1,116.2 1,155.9 1,258.6

GDP PPP (Int'l $bn) (c): 1,346.8 1,362.8 1,468.3 1,554.1 1,613.9 1,687.1

GDP per capita (US$): 19,028 16,959 20,540 22,424 23,113 25,051

GDP per capita PPP (Int'l $) (c): 27,513 27,710 29,717 31,220 32,272 33,580

Real GDP growth (% change yoy): 2.3 0.3 6.3 3.6 2.0 2.8

Current account balance (US$m): 3,198 32,790 29,394 26,068 43,139 34,604

Current account balance (% GDP): 0.3 3.9 2.9 2.3 3.7 2.7

Goods & services exports (% GDP): 56.4 51.8 54.1 58.0 56.5 55.4

Inflation (% change yoy): 4.7 2.8 2.9 4.0 2.2 2.4

Australia's trade and investment relationship with Korea (d):

Australian merchandise trade with Korea, 2012: Total share: Rank: Growth (yoy):

Exports to Korea (A$m): 19,852 8.0% 3rd -14.6%

Imports from Korea (A$m): 9,855 4.1% 7th 38.2%

Total trade (exports + imports) (A$m): 29,707 6.1% 4th -2.2%

Major Australian exports, 2012 (A$m): Major Australian imports, 2012 (A$m):

Iron ores & concentrates 5,453 Refined petroleum 2,676

Coal 5,425 Passenger motor vehicles 2,047

Crude petroleum 1,389 Civil engineering equipment & parts 1,292

Beef 646 Telecom equipment & parts 266

Australia's trade in services with Korea, 2012: Total share:

Exports of services to Korea (A$m): 1,762 3.5%

Imports of services from Korea (A$m): 455 0.7%

Major Australian service exports, 2012 (A$m): Major Australian service imports, 2012 (A$m):

Education-related travel 754 Transport 218

Personal travel excl education 664 Personal travel excl education 101

Australia's investment relationship with Korea, 2012 (e): Total: FDI:

Australia's investment in Korea (A$m): 10,389 np

Korea's investment in Australia (A$m): 12,027 2,066

Korea's global merchandise trade relationships:

1 China 24.5% 1 China 15.5%

2 United States 10.7% 2 Japan 12.4%

3 Japan 7.1% 3 United States 8.3%

12 Australia 1.7% 6 Australia 4.4%

Compiled by the Trade Advocacy and Statistics Section, DFAT, using the latest data from the ABS, the IMF and various international sources.

(a) All recent data subject to revision; (b) IMF/EIU forecast; (c) PPP is purchasing power parity; (d) Total may not add due to rounding; (e) Stock, as at 31 December. Releasedannually by the ABS. na Data not available. np Data not published. .. Data not meaningful.

Korea's principal export destinations, 2012: Korea's principal import sources, 2012:

Australia's merchandise trade with Korea Australia's merchandise exports to KoreaReal GDP growth

REPUBLIC OF KOREA

4,000

8,000

12,000

16,000

20,000

Primary STM ETM Other

A$m

2007

2012

0

1

2

3

4

5

6

7

2008 2009 2010 2011 2012 2013

%

5,000

10,000

15,000

20,000

25,000

2007 2008 2009 2010 2011 2012

A$m

Imports

Exports