South Korea

The first recorded kingdom (Choson) on the Korean Peninsula dates from approximately 2300 B.C. Over the subsequent centuries, three main kingdoms - Kogoryo, Paekche, and Silla - were established on the Peninsula. By the 5 th century A.D., Kogoryo emerged as the most powerful, with control over much of the Peninsula, as well as part of Manchuria (modern-day northeast China). However, Silla allied with the Chinese to create the first unified Korean state in the late 7 th century (688). Following the collapse of Silla in the 9 th century, Korea was unified under the Koryo (Goryeo; 918-1392) and the Chosen (Joseon; 1392-1910) dynasties.

Korea became the object of intense imperialistic rivalry between the Chinese (its traditional benefactor), Japanese, and Russian empires in the latter half of the 19th and early 20 th centuries. Following the Sino-Japanese War (1894-95) and the Russo-Japanese War (1904-1905), Korea was occupied by Imperial Japan. In 1910, Tokyo formally annexed the entire Peninsula. Korea regained its independence following Japan's surrender to the US and its allies in 1945.

After World War II, a democratic government (Republic of Korea, ROK) was set up in the southern half of the Korean Peninsula while a communist-style government was installed in the north (North Korea; aka Democratic People's Republic of Korea, DPRK). During the Korean War (1950-53), US troops and UN forces fought alongside ROK soldiers to defend South Korea from a North Korea invasion supported by communist China and the Soviet Union.

A 1953 armistice split the Peninsula along a demilitarized zone at about the 38th parallel. PARK Chung-hee took over leadership of the country in a 1961 coup. During his regime from 1961 to 1979, South Korea achieved rapid economic growth, with per capita income rising to roughly 17 times the level of North Korea in 1979.

Park was assassinated in 1979, and subsequent years were marked by political turmoil and continued authoritarian rule as the country's pro-democracy movement grew. South Korea held its first free presidential election under a revised democratic constitution in 1987, with former South Korean Army general ROH Tae-woo winning a close race. In 1993, KIM Young-sam (1993-98) became the first civilian president of South Korea's new democratic era.

President KIM Dae-jung (1998-2003) won the Nobel Peace Prize in 2000 for his contributions to South Korean democracy and his "Sunshine Policy" of engagement with North Korea. President PARK Geun-hye, daughter of former South Korean President PARK Chung-hee, took office in February 2013 as South Korea's first female leader. In December 2016, the National Assembly passed an impeachment motion against President PARK over her alleged involvement in a corruption and influence-peddling scandal, immediately suspending her presidential authorities. The impeachment was upheld in March 2017, triggering an early presidential election in May 2017 won by MOON Jae-in.

South Korea hosted the Winter Olympic and Paralympic Games in February 2018, in which North Korea also participated. Discord with North Korea has permeated inter-Korean relations for much of the past decade, highlighted by North Korea's attacks on a South Korean ship and island in 2010, the exchange of artillery fire across the DMZ in 2015, and multiple nuclear and missile tests in 2016 and 2017. North Korea’s participation in the Winter Olympics, dispatch of a senior delegation to Seoul, and three inter-Korean summits in 2018 appear to have ushered in a temporary period of respite, buoyed by the historic US-North Korea summits in 2018 and 2019. Nevertheless, relations were stagnant in 2020 and 2021.

party to:

Antarctic-Environmental Protection, Antarctic-Marine Living Resources, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Climate Change-Paris Agreement, Comprehensive Nuclear Test Ban, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping-London Convention, Marine Dumping-London Protocol, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Tropical Timber 2006, Wetlands, Whaling

signed, but not ratified:

none of the selected agreements

name:

Seoul; note - Sejong, located some 120 km (75 mi) south of Seoul, is serving as an administrative capital for segments of the South Korean Government

geographic coordinates:

37 33 N, 126 59 E

time difference:

UTC+9 (14 hours ahead of Washington, DC, during Standard Time)

etymology:

the name originates from the Korean word meaning "capital city" and which is believed to be derived from Seorabeol, the name of the capital of the ancient Korean Kingdom of Silla

Democratic Party or DP [SONG Young-gil] (renamed from Minjoo Party of Korea or MPK in October 2016; formerly New Politics Alliance for Democracy or NPAD, which was a merger of the Democratic Party or DP (formerly DUP) [KIM Han-gil] and the New Political Vision Party or NPVP [AHN Cheol-soo] in March 2014)

Justice Party or JP [YEO Young-kug]

Open Democratic Party or ODP [CHOE Kang-wook] (formed in early 2020)

People's Party or PP [AHN Cheol-soo] (formed in February 2020)

Together Citizens' Party [WOO Hee-jong, ChOI Bae-geun] (formed in early 2020 in alliance with the Democratic Party)

Transition Korea [CHO Jung-hun] (formed in February 2020)

Basic Income Party [SHIN Ji-hye] (formed in January 2020)

People Power Party or PPP [LEE Jun-seok] (renamed from United Future Party in September 2020, formerly Liberty Korea Party) (2021)

chief of mission:

Ambassador LEE Soo-hyuck (since 6 January 2020)

chancery:

2450 Massachusetts Avenue NW, Washington, DC 20008

telephone:

[1] (202) 939-5600

FAX:

[1] (202) 797-0595

email address and website:

[email protected]; https://overseas.mofa.go.kr/us-en/index.do

consulate(s) general:

Anchorage (AK), Atlanta, Boston, Chicago, Dallas (TX), Hagatna (Guam), Honolulu, Houston, Los Angeles, New York, San Francisco, Seattle, Washington DC

After emerging from the 1950-53 war with North Korea, South Korea emerged as one of the 20th century’s most remarkable economic success stories, becoming a developed, globally connected, high-technology society within decades. In the 1960s, GDP per capita was comparable with levels in the poorest countries in the world. In 2004, South Korea's GDP surpassed one trillion dollars.

Beginning in the 1960s under President PARK Chung-hee, the government promoted the import of raw materials and technology, encouraged saving and investment over consumption, kept wages low, and directed resources to export-oriented industries that remain important to the economy to this day.

Growth surged under these policies, and frequently reached double-digits in the 1960s and 1970s. Growth gradually moderated in the 1990s as the economy matured, but remained strong enough to propel South Korea into the ranks of the advanced economies of the OECD by 1997. These policies also led to the emergence of family-owned chaebol conglomerates such as Daewoo, Hyundai, and Samsung, which retained their dominant positions even as the government loosened its grip on the economy amid the political changes of the 1980s and 1990s.

The Asian financial crisis of 1997-98 hit South Korea’s companies hard because of their excessive reliance on short-term borrowing, and GDP ultimately plunged by 7% in 1998. South Korea tackled difficult economic reforms following the crisis, including restructuring some chaebols, increasing labor market flexibility, and opening up to more foreign investment and imports.

These steps lead to a relatively rapid economic recovery. South Korea also began expanding its network of free trade agreements to help bolster exports, and has since implemented 16 free trade agreements covering 58 countries—including the United State and China—that collectively cover more than three-quarters of global GDP.

In 2017, the election of President MOON Jae-in brought a surge in consumer confidence, in part, because of his successful efforts to increase wages and government spending. These factors combined with an uptick in export growth to drive real GDP growth to more than 3%, despite disruptions in South Korea’s trade with China over the deployment of a US missile defense system in South Korea.

In 2018 and beyond, South Korea will contend with gradually slowing economic growth - in the 2-3% range - not uncommon for advanced economies. This could be partially offset by efforts to address challenges arising from its rapidly aging population, inflexible labor market, continued dominance of the chaebols, and heavy reliance on exports rather than domestic consumption.

Socioeconomic problems also persist, and include rising inequality, poverty among the elderly, high youth unemployment, long working hours, low worker productivity, and corruption.

general assessment:

• excellent domestic and international services featuring rapid incorporation of new technologies;
• exceedingly high mobile, mobile broadband, and fixed broadband penetration;
• strong support from government for initiatives;
• tech-savvy population has catapulted the nation into one of the world's most active telecommunication markets;
• all mobile operators offer 5G networks;
• Chinese telecom Huawei partnered with operators including launch of Seoul TechCity;
• import of integrated circuits, broadcasting equipment, and phones from China;
• government and private partnership on national e-commerce and smart city development (2020)

domestic:

• fixed-line 48 per 100 and mobile-cellular services 135 per 100 persons;
• rapid assimilation of a full range of telecommunications technologies leading to a boom in e-commerce (2019)

international:

• country code - 82;
• landing points for EAC-C2C, FEA, SeaMeWe-3, TPE, APCN-2, APG, FLAG North Asia Loop/REACH North Asia Loop, KJCN, NCP, and SJC2 submarine cables providing links throughout Asia, Australia, the Middle East, Africa, Europe, Southeast Asia and US;
• satellite earth stations - 66 (2019)

note: the COVID-19 pandemic continues to have a significant impact on production and supply chains globally; since 2020, some aspects of the telecom sector have experienced downturn, particularly in mobile device production;

many network operators delayed upgrades to infrastructure; progress towards 5G implementation was postponed or slowed in some countries; consumer spending on telecom services and devices was affected by large-scale job losses and the consequent restriction on disposable incomes;

the crucial nature of telecom services as a tool for work and school from home became evident, and received some support from governments