Country Profile

An east asian country, south korea's capital seoul is characterized as the second largest metropolitan city in throughout the world. It is one of the most prosperous nation in asian continent. The country is vested on total 98,480 sq km area which can be split into 98,190 sq km & 290 sq km land and water area respectively. It has 2,413 km long coastline. The renewable water resources are recorded somewhere between 69.7 cu km. The literacy rate is soaring on a high rate which has been recorded at 99.2% & 96.6% in male and female sections respectively. The GDP falls nearly to $1.201 trillion with a 5%(approx.) real growth rate.

Snapshot

Economic Overview

• Korean economy has been recognized as the 3rd largest economy in terms of GDP in the asian continent.
• It has been characterized as the 13th largest economy in world on the terms of GDP.
• Economy is industrial oriented.
• The country has one of the lowest unemployment rate in comparative of other nations.
• Telecommunication industry is booming with a record of second highest broadband users of throughout the world.

International Trade
Major Export Items
Semiconductors, Wireless Telecommunications Equipment, Motor Vehicles, Computers, Steel, Ships, Petrochemicals

Main Destinations of Exports
China, USA, Japan

Major Import Items
Machinery, Electronics and Electronic Equipment, Oil, Steel, Transport Equipment, Organic Chemicals, Plastics

Main Origins of Imports
China, Japan, USA, Saudi Arabia, UAE

Contacts of Trade Ministries/ Associations

Business Visa Rules

• Visa application form duly completed and signed along with passport size photos.
• Letter of invitation obtained from company or associate residing in south korean.
• Applicant is required to give sufficient proof of adequate funds for defraying his daily expenditure while his stay in south korea.
• Visa is granted for usually 30 days with maximum 90 days time period.

Business Hours
Offices:   Monday to Friday from 09.00 - 17:00

Public Holidays