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Canada-Republic of Korea fact sheet

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)

Comparative figures
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.

Bilateral Product trade
Canada - Republic of Korea
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
21 HS Sections (2020)
Canada - Republic of Korea
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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