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Info about Korea

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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) 1.91 thousandBil. US$ (2021 est.)
Per capita GDP (nominal) 36.79 US$ (2021 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

Korea is a country of ancient civilization and culture. Since the prehistoric times the korean peninsula was a crossroads of peoples and cultures with eachoneshaping in a unique way the culture and history of the country. Historically Korea reached enourmous cultural and technological milestones like literary masterpieces like the Wang ocheonchukguk jeon (after 727) of Hyech’o (704?-787), the SamgukSagi (1145) of Kim Pusik (1075-1151) the printing of the TripiṭakaKoreana between the 1237 and 1249 during the Goryeo period (936-1392), the invention of the first metal movable type printing in the world, realized before the year 1234,and the invention of the Korean Alphabet, the first featural writing system in the world,in 1443.
Despite the sufferings inflicted by Japanese colonialism in the years 1910-1945, the division of the country in two separate states in 1948 and the tremendous civil war which broke up on 25 June 1950 and lasted until 27 July 1953 Korea is the first and, up to now, only country in the world which has been capable of becoming one of the richest countries in the world by starting from a situation of extreme poverty following the end of the Korean War.
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
1, January 2022 Solar New Year 15, August 2022 National Liberation Day
31, January 2022 Lunar New Year 9, September 2022 Chuseok
1, February 2022 Lunar New Year 10, September 2022 Chuseok
2, February 2022 Lunar New Year 11, September 2022 Chuseok
1, March 2022 Independence Movement Commemoration Day 3, October 2022 National Foundation Day
5, May 2022 Children’s Day 9, October 2022 Hangeul Proclamation Day
8, May 2022 Buddha’s Birthday 25, December 2022 Christmas
6, June 2022 Memorial Day