South Korea (officially the Republic of Korea) is an East Asian country in the southern half of the Korean Peninsula. Between it and North Korea is one of the most militarized borders in the world

SOUTH KOREA
Introduction
South Korea (officially the Republic of Korea) is an East Asian country in the southern half of the Korean Peninsula. Between it and North Korea is one of the most militarized borders in the world. The country is known for its rolling rural scenery, cherry trees, ancient Buddhist temples, coastal fishing villages, subtropical islands, and bustling high-tech cities, including its capital, Seoul.
South Korea has a population of 51 million, of which roughly half live in the Seoul Capital Area, the fifth largest metropolis in the world.
South Korea is a developed country and is ranked as the seventh-highest country on the Human Development Index (HDI) in the Asia and Oceania region. South Korea has one of the highest life expectancies in the world, although it is facing an aging population and a declining fertility rate.
Its economy ranks as the world's tenth-largest by nominal GDP. Its citizens enjoy one of the world's fastest Internet connection speeds and the densest high-speed railway network. The country is the world's fifth-largest exporter and eighth-largest importer. Its armed forces is ranked as one of the world's strongest militaries and is the world's third-largest standing army by military and paramilitary personnel.
Since the 21st century, South Korea has been renowned for its globally influential pop culture, particularly in music (K-pop), TV dramas and cinema, a phenomenon referred to as the Korean Wave. It is a member of the OECD's Development Assistance Committee, the G20, and the Paris Club.
It is a developed country with a high-income economy and is the most industrialized member country of the OECD. South Korean brands such as LG Electronics and Samsung are internationally famous and garnered South Korea's reputation for its quality electronics and other manufactured goods
Population statistics
South Korea is one of the world's most densely populated countries, with an estimated 425 people per square kilometer in 1989—over sixteen times the average population density of the United States in the late 1980s. The population of South Korea represents 0.72 percent of the world´s total population which arguably means that one person in every 140 people on the planet is a resident of South Korea. The median age in South Korea is 43.7 years


. In 2020, the remaining life expectancy of males aged 60 recorded 23.4 years, which rose by 0.1 year from 2019.The remaining life expectancy of females aged 60 recorded 28.2 years ,which rose by 0.2 year from 2019.
Date/Life expectancy – Women/Life expectancy – Men/ Life expectancy
2019 86.30 80.30 83.23
2018 85.70 79.70 82.63
2017 85.70 79.70 82.63
2016 85.40 79.30 82.28
2015 85.20 79.00 82.02
2014 85.00 78.60 81.72
2013 84.60 78.10 81.27
2012 84.20 77.60 80.82
2011 84.00 77.30 80.57
2010 83.60 76.80 80.12
2009 83.40 76.70 79.97
In 2019 the life expectancy in South Korea increased to 83.23 years.
That year, the life expectancy for women was 86.3 years and for men 80.3 years.
South Korea’s position improvened with respect to the 192 countries we publish life expectancy, dropping from the 16th in 2018 to 10th in 2019.
If we look at the change in life expectancy in South Korea over the past several years, we find that it is higher than in 2018, when it was 82.63 years, which is the same of what happens compared to 2009, when it was 79.97 years.

Population movement statistics

Immigration to South Korea is low due to restrictive immigration policies resulting from strong opposition to immigrants from the general public. However, in recent years the influx of immigrants into South Korea has been on the rise, with foreign residents accounting for 4.9% of the total population in 2019.According to the United Nations, in 2019 foreign born residents represented 2.3% of the total population, which is below the world average of 3.5%.
There are 2,524,656 foreign residents in South Korea as of December 2019. These figures exclude foreign-born citizens who have naturalized and obtained South Korean citizenship; the total number of naturalized South Korean citizens surpassed 200,000 in 2019. Among these n umbers, 792, 853 of these people are short-term residents.

Ethnic Koreans from overseas started immigrating to South Korea in large numbers, especially from the 2000s. These immigrants mainly include ethnic Koreans from China and the former Soviet Union, along with Korean Americans. They can apply for F-4 visa which grants them the ability to work and live more freely than other foreigners.

Labor statistics

The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.
A rugged, mountainous land with few natural resources, Korea's most valuable com modity is manpower. It is cheap labor, of course— cheap enough to produce low cost products for competitive I export markets and cheap enough to attract foreign manu facturers to set up plants here.
There were approximately 22.7 million total workers in South Korea during this year. The leading sectors in terms of the number of workers were manufacturing, wholesale and retail trade, and accommodation and food service activities.
Employment Rate in South Korea averaged 59.85 percent from 1999 until 2022, reaching an all time high of 61.70 percent in October of 2019 and a record low of 56.10 percent in February of 2001

Labor Force Jan 2022 28,650

Labor Force Employment Jan 2022 27,572
Unemployment Jan 2022 1,077
Unemployment rate 3.8
In 2020, the relative poverty rate in South Korea stood at around 15.3 percent, a slight decrease compared to the previous year. The relative poverty rate, the share of people living with less than half of the national median disposable income, has fallen steadily in recent years
Industry. South Korea's largest industries are electronics, automobiles, telecommunications, shipbuilding, chemicals, and steel. 2122 The country is among the largest manufacturer of electronic goods as well as semiconductors, with globally popular brands such as Samsung Electronics Co. Ltd.

System of national accounts

The history of Korea's national income statistics can be traced back to around the
end of the colonial period. Before Liberation (the period from 1937 to 1945), the Ministry
of Finance of the Government-General of Chosen (the colonial Japanese government)
compiled rough estimates annually. Immediately after liberation (1945 to 1957), the
Planning Office, the Ministry of Finance and the Bank of Chosen (the Bank of Korea from
1950) compiled national income statistics from the economy's production, distribution and
expenditure sides, respectively.
2.2
The Economic Coordination Office of the UN, established to support post-war
reconstruction work, also estimated national income independently to attain guidelines on
assistance policy. However, insufficient data sources and differing estimation methods
resulted in widely divergent figures, a lack of consistency and confusion.
2.3 In August 1957, the Tax Advisory Team of the U.S. Treasury Department, led by
Dr. James K. Hall, visited Korea and noted in a paper entitled the Recommendation for
Korea's Gross National Product (GNP) that the Korean government should avoid compiling
statistics that lack consistent verification from a number of organizations and call on the
Bank of Korea to compile national income statistics. The Korean government adopted this
recommendation, and the Bank of Korea became Korea's official compiler for national
income statistics.
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2.4 In 1958, the Bank of Korea used the 1953 SNA recommended by the UN to
calculate the country's annual GNP and related expenditures at current and constant prices
(base year 1955). It also retroactively estimated the annual GNP from 1953 to 1957. It built
the foundation for Korea's national income statistics in 1959 by adding a distribution-side
national income series, a general government balance table and an external transactions
table, among other calculations.
2.5 From the early 1960s, demand for quarterly statistics became acute as an essential
component for the government's economic development plans. As a result, the Bank of
Korea began producing quarterly analyses together with retrospective estimates going back
Concepts, Sources and Methods