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Canada-Republic of Korea fact sheet

Official Title:
Republic of Korea (ROK)

General Information

Capital: Seoul
Population (million): 51.68
Total Area: 100,266km2
Currency: 1 CAN$ = 878.76 SK Won (KRW) (2021- 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 YOON Suk-yeol

Head of Government:
President YOON Suk-yeol

Ministers:
Prime Minister: HAN Duck-soo
Foreign Affairs: PARK Jin
Trade, Industry and Energy: LEE Chang-Yang

Main Political Parties:
People Power Party, Democratic Party, Justice Party

Elections:
Presidential: 2027. National Assembly: April 2024. Gubernatorial: 2026

Economic Information (2021)

Comparative figures
Type Republic of Korea Canada
GDP: ($ billion) 2,277.42 2,520.82
GDP per capita: ($) 44,067.24 65,944.96
GDP growth rate: (%) 4,02 4,56
Inflation: (%) 2,5 3,4
Unemployment: (%) 3,68 7,43

Source: IMF (estimates)

Product Trade and Investment (2021)

Canadian exports to country: $6,317,478,993
Canadian imports from country: $10,334,349,580
FDI in Canada: $4,395 million
CDI in the country: $1,586 million

Source: Statistics Canada

Representation

Foreign Representation in Canada:
Ambassador Keung Ryong CHANG

Canadian Representation Abroad:
Chargée d’affaires Rouslan Kats

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
2017 $5,302,009,808 $8,597,836,480
2018 $5,864,649,335 $9,445,825,430
2019 $5,550,836,346 $9,505,862,245
2020 $4,710,165,047 $9,602,156,527
2021 $6,317,478,993 $10,334,349,580
21 HS Sections (2021)
Canada - Republic of Korea
Section Exports Imports
01 Animal & Prod. $437,912,493 $11,733,010
02 Veg. Prod. $177,171,350 $25,214,506
03 Fats, Oils & Waxes Prod. $215,497,477 $1,278,353
04 Food Prod. $202,632,076 $154,226,385
05 Mineral Prod. $3,127,627,144 $29,721,247
06 Chemical Prod. $218,557,584 $802,922,457
07 Plastics, Rubber Prod. $41,771,040 $588,851,208
08 Leather, Fur Prod. $21,633,772 $14,393,593
09 Wood Prod. $184,942,381 $1,250,918
10 Paper Prod. $329,317,855 $48,659,145
11 Textiles Prod. $36,396,073 $199,444,440
12 Dress Access. $1,267,724 $12,389,076
13 Glass & Stone Prod. $2,981,653 $32,578,893
14 Precious Metals/stones $354,590,500 $259,455,817
15 Base Metal Prod. $411,636,555 $1,207,896,250
16 Mach. Mech. Elec. Prod. $313,216,132 $2,477,906,752
17 Vehicles and Equip. $51,080,164 $4,269,223,711
18 Specialized Inst. $137,219,360 $128,104,218
19 Arms & Ammunition $101,487 $5,043,436
20 Misc. Articles $8,971,434 $46,760,137
21 Antiques $1,587,925 $431,565


September 2022
Sources include: Statistics Canada, IMF

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