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Canada-Republic of Korea fact sheet

Official Title:
Republic of Korea

General Information

Capital: Seoul
Population (million): 51.74
Total Area: 100,266 km2
Currency: 1 CAN$ = 878.76 SK Won (KRW) (2021- Annual average)
National Holiday: National Liberation Day, 15 August
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
Trade: AHN Dukgeun

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) 2,293.15 2,517.75
GDP per capita: ($) 44,323.95 65,864.62
GDP growth rate: (%) 4.15 4.54
Inflation: (%) 2.5 3.4
Unemployment: (%) 3.68 7.43

Source: IMF (estimates)

Product Trade and Investment (2021)

Canadian exports to country: $ 6,318,754,832
Canadian imports from country: $ 10,335,942,904
FDI in Canada: $ 4,395 million
CDI in the country: $ 1,586 million

Source: Statistics Canada

Representation

Foreign Representation in Canada:
Ambassador-designate LIM Wongsoon

Canadian Representation Abroad:
Chargée d’affaires Tamara Mawhinney

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 $ 6,318,754,832 $ 10,335,942,904
21 HS Sections (2021)
Canada - Republic of Korea
Section Exports Imports
01 Animal & Prod. $ 437,970,436 $ 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. $ 3,127,674,691 $ 29,766,747
06 Chemical Prod. $ 218,643,693 $ 804,186,593
07 Plastics, Rubber Prod. $ 41,807,790 $ 588,920,689
08 Leather, Fur Prod. $ 21,634,572 $ 14,393,148
09 Wood Prod. $ 185,703,994 $ 1,250,918
10 Paper Prod. $ 329,317,855 $ 48,659,145
11 Textiles Prod. $ 36,396,073 $ 199,442,142
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. $ 411,978,947 $ 1,207,947,248
16 Mach. Mech. Elec. Prod. $ 313,494,815 $ 2,478,141,835
17 Vehicles and Equip. $ 51,080,164 $ 4,269,223,711
18 Specialized Inst. $ 137,229,019 $ 128,104,663
19 Arms & Ammunition $ 101,487 $ 5,043,436
20 Misc. Articles $ 8,971,434 $ 46,690,514
21 Antiques $ 1,587,925 $ 431,565


December 2022
Sources include: Statistics Canada, IMF

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