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Info about Korea

HOME ITALY - KOREA INFO Info about Korea

REPUBLIC OF KOREA

The Republic of Korea at the Upper level local autonomyis made up of 8 provinces, 1 special self-governing province and 6 metropolitan cities, 1 special city and 1 special self-governing city.

ITALIAN REPUBLIC
Capital Seoul
Government Unitary Presidential Republic
Population 51.851 million (2020)
Country GDP (nominal) $1,907.7 trillion (2022 est.)
Per capita GDP (nominal) $36,791.5 (2022 est.)
Unemployment Rate 3.7%
Currency KRW

GENERAL INFORMATION

The Republic of Korea has a territory of100,363 km2 and it’s positioned in the Southern part of the korean peninsula in Northeast Asia.
The main historical tourist attractions in the Republic of Korea are surely the palace of the royal dynasty of Joseon (1392-1910), all located in central Seoul, the royal tombs of the Joseon Dynasty, spreaded in 18 different locations, the Hwaseong Fortress in Suwon and the Historical Area of Gyeongju, once the capital of the ancient kingdom of Silla (57 a.C.-935). The main natural touristic attraction in the country is surely the volcanic island of Jeju, famous for its exceptional beauty and for being the biggest island of Korea. In the ancient times the island of Jeju was the place of the kingdom of Tamnaand still today shows unique cultural features distinguished from the mainland.

INVEST IN THE REPUBLIC OF KOREA

The Republic of Korea with a 2022 Projected Real GDP growth of 3.3% in 2022, is the fourth economic giantof Asia(behind China, India and Japan, which are countries much bigger than Korea both in terms of population and landsize) and the world’s 10th economic power.
The Republic of Korea hosted the G20 Summit and G20 Business Summit in 2010.
The Korean Republic represents an excellent commercial partner for Italy.Korea is the first country in Asia for per capita imports from Italy.In the period January-September 2021, Korea was the 20th destination market for Italy's exports while Italy was the 15th supplier of South Korea.In the period Jan.-Sep. 2021 Italian exports to Korea reached a value of 3.849 million euros.Regarding the exports from Korea to Italy in 2021, Italy was Korea's 26th export market and Italy's 24th supplier.The total flow of goods imported into Italy from Korea reached the value of 3.073 million euros in the period Jan - Sep. 21.
Thanks to the Free Trade Agreement with the European Union, the Korean market is an optimal growth opportunity for Italian entrepreneurs and exporters.

KOREAN NATIONAL HOLIDAYS 2022

KOREAN NATIONAL HOLIDAYS 2022
DATE HOLIDAYS DATE HOLIDAYS
January 1, 2022 Solar New Year August 15, 2022 National Liberation Day
February 1, 2022 Lunar New Year September 9, 2022 Chuseok
February 2, 2022 Lunar New Year September 10, 2022 Chuseok
February 3, 2022 Lunar New Year September 11, 2022 Chuseok
March 1, 2022 Independence Movement Commemoration Day September 12, 2022 Chuseok
May 5, 2022 Children’s Day October 3, 2022 National Foundation Day
May 8, 2022 Buddha’s Birthday October 9, 2022 Hangeul Proclamation Day
June 6, 2022 Memorial Day December 25, 2022 Christmas