Bilateral trade sheet South Korea
This sheet gives an overview of the bilateral trade relations between South Korea and Belgium.
Bilateral trade note South Korea (July 2021)
In addition to general information about, for example, GDP, inflation, the number of inhabitants, global imports and exports, the unemployment rate, etc., this bilateral trade note also contains an analysis of bilateral trade with South Korea, as well as an overview of the main import and export sections.
Document only available in French.
Statistics
Studies
Economic study South Korea (June 2017)
The Republic of Korea is known as one of the "Asian Tigers". This expression refers to the strong economic growth recorded in recent decades. The recently elected president, Moon Jae-in, shows a will to break with the previous government and includes the economy and diplomacy among her priorities. She wants to "make South Korea a fair and just society" with more transparency, which bodes well for trading partners and foreign investors.
The country is surrounded by two seas and a demilitarised zone separates it from North Korea, making its economy heavily dependent on international trade. With one of the most open economies in the world (an openness rate of almost 90%), the country reached sixth place as the world's largest exporter and tenth place as the world's largest importer in 2016.
This study was realised on the occasion of the Belgian economic mission to the Republic of Korea in June 2017.
Document only available in French and Dutch.
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