South Korea

Korea is a country that offers many possibilities for Spanish exports. It is the seventh country in the world in total volume of international trade adding exports and imports, the fourth largest GDP in Asia and second in per capita income. Its major companies like Samsung , LG or Hyudai are world famous.
the country's main industries are STEEL CONSTRUCTION, AUTOMOTIVE, RENEWABLE ENERGY, CHEMISTRY, EDUCATION, R & D, SHIPBUILDING and ENTERTAINMENT. But there are other sectors that are very attractive to the Spanish companies such as food and textiles. The style and consumption habits of Europeans are becoming increasingly popular in Korea, which is also increasing the number of European residents who demand the same products they consume is their home countries .
But Korea is also a very attractive country for its geographical importance , among the " Asian giants " with which it has a significant business relationship and that puts Korea as a logistics hub reference for Asia - Pacific region .
The Free Trade Agreement between the European Union and Korea entered into force in 2012 is revitalizing trade between the two areas to be free of tariffs almost 100% of the products

SOUTH KOREA ECONOMIC DATA

POPULATION

49.039.986

GDP (ppp)

1.666 billones $

GDP (oer)

1.198 billones $

GDP per Cápita (ppp)

33.200 $

YOUTH UNEMPLOYMENT

9%

UNEMPLOYMENT

3,2%

Inflation

1,1%

GDP Growth

2,8%

Household consumption

53,1%

Giverment consumption

15,9%

Investment in fixed Capital

27%

Export destination

Cina, USA, Japón, Hong Kong, Singapur

Imports origin

China, Japón, USA, Arabia Saudí, Australia

 

 

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