Canada-Republic of Korea fact sheet
Republic of Korea
Official Title:
Republic of Korea (ROK)
General Information
Capital: Seoul
Population (million): 51.85
Total Area: 100,266km2
Currency: 1 CAN$ = 878.76 SK Won (KRW) (2020- Annual average)
National Holiday: National Foundation Day, 3 October
Language(s): Korean
Political Information
Type of State:
Democratic Republic
Type of Government:
Presidential
Head of State:
President Jae-in MOON
Head of Government:
President Jae-in MOON
Ministers:
Prime Minister: Sye-kyun CHUNG
Foreign Affairs: Eui-yong CHUNG
Trade: Myung-hee YOO
Main Political Parties:
Democratic (Minjoo) Party; United Future Party; Justice Party; People’s Party
Elections:
Presidential: March 2022. National Assembly: April 2024. Gubernatorial: June 2022
Economic Information (2019)
| Type | Republic of Korea | Canada |
|---|---|---|
| GDP: ($ billion) | 2,144.12 | 2,277.52 |
| GDP per capita: ($) | 41,356.05 | 60,806.37 |
| GDP growth rate: (%) | 2.03 | 1.64 |
| Inflation: (%) | 0.38 | 1.95 |
| Unemployment: (%) | 3.78 | 5.67 |
Source: IMF (estimates)
Product Trade and Investment (2020)
Canadian exports to country: $4,694,068,382
Canadian imports from country: $9,581,736,533
FDI in Canada (2019): $3,230 million
CDI in the country (2019): $2,152 million
Source: Statistics Canada
Representation
Foreign Representation in Canada:
Ambassador Keung Ryong CHANG
Canadian Representation Abroad:
Ambassador Michael DANAGHER
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 figure is unavailable.
| Year | Exports | Imports |
|---|---|---|
| 2016 | $4,376,879,176 | $10,602,060,770 |
| 2017 | $5,302,009,808 | $8,597,836,480 |
| 2018 | $5,863,909,114 | $9,454,414,589 |
| 2019 | $5,550,836,346 | $9,501,946,418 |
| 2020 | $4,694,068,382 | $9,581,736,533 |
| Section | Exports | Imports |
|---|---|---|
| 01 Animal & Prod. | $308,696,003 | $8,849,588 |
| 02 Veg. Prod. | $177,701,228 | $26,861,580 |
| 03 Fats, Oils & Waxes Prod. | $136,031,261 | $1,319,647 |
| 04 Food Prod. | $205,125,711 | $171,252,902 |
| 05 Mineral Prod. | $2,340,713,504 | $103,033,110 |
| 06 Chemical Prod. | $185,678,699 | $569,204,493 |
| 07 Plastics, Rubber Prod. | $40,343,360 | $469,615,264 |
| 08 Leather, Fur Prod. | $14,670,391 | $14,072,813 |
| 09 Wood Prod. | $103,573,537 | $741,642 |
| 10 Paper Prod. | $236,509,883 | $37,287,376 |
| 11 Textiles Prod. | $34,793,431 | $204,102,910 |
| 12 Dress Access. | $1,440,574 | $9,764,378 |
| 13 Glass & Stone Prod. | $2,963,750 | $33,122,660 |
| 14 Precious Metals/stones | $75,949,290 | $217,460,181 |
| 15 Base Metal Prod. | $277,018,090 | $775,381,194 |
| 16 Mach. Mech. Elec. Prod. | $270,278,974 | $2,068,781,821 |
| 17 Vehicles and Equip. | $92,309,450 | $4,721,811,188 |
| 18 Specialized Inst. | $137,002,716 | $96,463,985 |
| 19 Arms & Ammunition | $235,181 | $2,807,397 |
| 20 Misc. Articles | $10,120,178 | $34,420,114 |
| 21 Antiques | $998,669 | $305,386 |
February 2021
Sources include: Statistics Canada, IMF
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