Korea, Rep.

The Republic of Korea (South Korea) is a republic located in East Asia, forming an advanced economic sphere centered around its capital and largest city, Seoul Special City. Leveraging its strengths in technological innovation and manufacturing, the country is strongly integrated into international markets and is 1 of the major economies in East Asia with an industrial structure relatively highly dependent on trade.

Looking at macroeconomic indicators as of 2025, South Korea's total population stood at approximately 51.685 million (down 0.1% year on year), nominal GDP (in US dollar terms) was approximately 1,872.37 billion US dollars (down 0.2% year on year), and nominal GDP per capita was approximately 36,227.0 US dollars (down 0.03% year on year). In terms of economic growth, the real GDP growth rate in 2025 was 1.0% (down 1.0 pt year on year), and the real GDP per capita growth rate was 1.1% (down 0.8 pt year on year). Meanwhile, external transactions remained active, maintaining high levels with trade (as a percentage of GDP) at 86.4% (up 1.7 pt year on year) and the current account balance (as a percentage of GDP) at 6.6% (up 1.2 pt year on year).

Regarding the domestic economic situation, the consumer price inflation rate in 2025 showed signs of calming at 2.1% (down 0.2 pt year on year), while the unemployment rate remained low at 2.7% (down 0.1 pt year on year). In addition, the real interest rate in the same year was recorded at 1.0% (up 0.4 pt year on year). On the fiscal front, government debt (as a percentage of GDP) as of 2024 stood at 47.8% (down 0.7 pt year on year).