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Compare Faroe Islands (2004) - Korea, South (2005)
Compare Faroe Islands (2004) z Korea, South (2005)
| Faroe Islands (2004) | Korea, South (2005) | |
 |  | |
| Administrative divisions | none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark); there are no first-order administrative divisions as defined by the US Government, but there are 49 municipalities | 9 provinces (do, singular and plural) and 7 metropolitan cities (gwangyoksi, singular and plural)
provinces: Cheju-do, Cholla-bukto (North Cholla), Cholla-namdo (South Cholla), Ch'ungch'ong-bukto (North Ch'ungch'ong), Ch'ungch'ong-namdo (South Ch'ungch'ong), Kangwon-do, Kyonggi-do, Kyongsang-bukto (North Kyongsang), Kyongsang-namdo (South Kyongsang) metropolitan cities: Inch'on-gwangyoksi (Inch'on), Kwangju-gwangyoksi (Kwangju), Pusan-gwangyoksi (Pusan), Soul-t'ukpyolsi (Seoul), Taegu-gwangyoksi (Taegu), Taejon-gwangyoksi (Taejon), Ulsan-gwangyoksi (Ulsan) |
| Age structure | 0-14 years: 21.6% (male 5,056; female 5,041)
15-64 years: 64.6% (male 15,975; female 14,187) 65 years and over: 13.7% (male 2,877; female 3,526) (2004 est.) |
0-14 years: 19.4% (male 4,952,177/female 4,450,821)
15-64 years: 72% (male 17,715,267/female 17,147,808) 65 years and over: 8.6% (male 1,670,971/female 2,485,600) (2005 est.) |
| Agriculture - products | milk, potatoes, vegetables; sheep; salmon, other fish | rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish |
| Airports | 1 (2003 est.) | 179 (2004 est.) |
| Airports - with paved runways | total: 1
914 to 1,523 m: 1 (2004 est.) |
total: 88
over 3,047 m: 3 2,438 to 3,047 m: 21 1,524 to 2,437 m: 14 914 to 1,523 m: 12 under 914 m: 38 (2004 est.) |
| Airports - with unpaved runways | - | total: 91
914 to 1,523 m: 3 under 914 m: 88 (2004 est.) |
| Area | total: 1,399 sq km
land: 1,399 sq km water: 0 sq km (some lakes and streams) |
total: 98,480 sq km
land: 98,190 sq km water: 290 sq km |
| Area - comparative | eight times the size of Washington, DC | slightly larger than Indiana |
| Background | The population of the Faroe Islands is largely descended from Viking settlers who arrived in the 9th century. The islands have been connected politically to Denmark since the 14th century. A high degree of self-government was attained in 1948. | Korea was an independent kingdom under Chinese suzerainty for most of the past millennium. Following its victory in the Russo-Japanese War in 1905, Japan occupied Korea; five years later it formally annexed the entire peninsula. After World War II, a republic was set up in the southern half of the Korean Peninsula while a Communist-style government was installed in the north. During the Korean War (1950-53), US and other UN forces intervened to defend South Korea from North Korean attacks supported by the Chinese. An armistice was signed in 1953, splitting the peninsula along a demilitarized zone at about the 38th parallel. Thereafter, South Korea achieved rapid economic growth with per capita income rising to roughly 14 times the level of North Korea. In 1987, South Korean voters elected ROH Tae-woo to the presidency, ending 26 years of military dictatorships. South Korea today is a fully functioning modern democracy. In June 2000, a historic first North-South summit took place between the South's President KIM Tae-chung and the North's leader KIM Jong Il. |
| Birth rate | 13.89 births/1,000 population (2004 est.) | 10.08 births/1,000 population (2005 est.) |
| Budget | revenues: $488 million
expenditures: $484 million, including capital expenditures of $21 million (1999) |
revenues: $150.5 billion
expenditures: $155.8 billion, including capital expenditures of NA (2004 est.) |
| Capital | Torshavn | Seoul |
| Climate | mild winters, cool summers; usually overcast; foggy, windy | temperate, with rainfall heavier in summer than winter |
| Coastline | 1,117 km | 2,413 km |
| Constitution | 5 June 1953 (Danish constitution) | 17 July 1948 |
| Country name | conventional long form: none
conventional short form: Faroe Islands local long form: none local short form: Foroyar |
conventional long form: Republic of Korea
conventional short form: South Korea local long form: Taehan-min'guk local short form: none note: the South Koreans generally use the term "Han'guk" to refer to their country abbreviation: ROK |
| Currency | Danish krone (DKK) | - |
| Death rate | 8.68 deaths/1,000 population (2004 est.) | 6.26 deaths/1,000 population (2005 est.) |
| Debt - external | $64 million (1999) | $160 billion (2004 est.) |
| Dependency status | part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948 | - |
| Diplomatic representation from the US | none (self-governing overseas administrative division of Denmark) | chief of mission: Ambassador Christopher R. HILL
embassy: 82 Sejong-no, Jongno-gu, Seoul 110-710 mailing address: American Embassy, Unit 15550, APO AP 96205-5550 telephone: [82] (2) 397-4114 FAX: [82] (2) 738-8845 |
| Diplomatic representation in the US | none (self-governing overseas administrative division of Denmark) | chief of mission: Ambassador Lee Tae-sik (designated)
chancery: 2450 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 939-5600 FAX: [1] (202) 387-0205 consulate(s) general: Atlanta, Boston, Chicago, Honolulu, Houston, Los Angeles, New York, San Francisco, and Seattle consulate(s): Agana (Guam) and New York |
| Disputes - international | Faroese are considering proposals for full independence; Denmark dispute with Iceland over the Faroe Islands fisheries median line boundary of 200 nm; Denmark disputes with Iceland, the UK, and Ireland the Faroe Islands claim extending its continental shelf boundary beyond 200 nm | Military Demarcation Line within the 4-km wide Demilitarized Zone has separated North from South Korea since 1953; periodic maritime disputes with North Korea over the Northern Limit Line; South Korea and Japan claim Liancourt Rocks (Tok-do/Take-shima), occupied by South Korea since 1954 |
| Economic aid - donor | - | ODA $334 million (2003) |
| Economic aid - recipient | $135 million (annual subsidy from Denmark) (1998) | - |
| Economy - overview | The Faroese economy has had a strong performance since 1994, mostly as a result of increasing fish landings and high and stable export prices. Unemployment is falling and there are signs of labor shortages in several sectors. The positive economic development has helped the Faroese Home Rule Government produce increasing budget surpluses, which in turn help to reduce the large public debt, most of it owed to Denmark. However, the total dependence on fishing makes the Faroese economy extremely vulnerable, and the present fishing efforts appear in excess of what is a sustainable level of fishing in the long term. Oil finds close to the Faroese area give hope for deposits in the immediate Faroese area, which may eventually lay the basis for a more diversified economy and thus lessen dependence on Danish economic assistance. Aided by a substantial annual subsidy (15% of GDP) from Denmark, the Faroese have a standard of living not far below the Danes and other Scandinavians. | Since the early 1960s, South Korea has achieved an incredible record of growth and integration into the high-tech modern world economy. Four decades ago GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, it joined the trillion dollar club of world economies. Today its GDP per capita is 14 times North Korea's and equal to the lesser economies of the European Union. This success through the late 1980s was achieved by a system of close government/business ties, including directed credit, import restrictions, sponsorship of specific industries, and a strong labor effort. The government promoted the import of raw materials and technology at the expense of consumer goods and encouraged savings and investment over consumption. The Asian financial crisis of 1997-99 exposed longstanding weaknesses in South Korea's development model, including high debt/equity ratios, massive foreign borrowing, and an undisciplined financial sector. Growth plunged to a negative 6.9% in 1998, then strongly recovered to 9.5% in 1999 and 8.5% in 2000. Growth fell back to 3.3% in 2001 because of the slowing global economy, falling exports, and the perception that much-needed corporate and financial reforms had stalled. Led by consumer spending and exports, growth in 2002 was an impressive 7.0%, despite anemic global growth. Economic growth fell to 3.1% in 2003 because of a downturn in consumer spending and recovered to an estimated 4.6% in 2004 on the strength of rapid export growth. The government plans to boost infrastructure spending in 2005. Moderate inflation, low unemployment, an export surplus, and fairly equal distribution of income characterize this solid economy. |
| Electricity - consumption | 149.1 million kWh (2001) | 293.6 billion kWh (2003) |
| Electricity - exports | 0 kWh (2001) | 0 kWh (2003) |
| Electricity - imports | 0 kWh (2001) | 0 kWh (2003) |
| Electricity - production | 160.4 million kWh (2001) | 322.5 billion kWh (2003) |
| Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Slaettaratindur 882 m |
lowest point: Sea of Japan 0 m
highest point: Halla-san 1,950 m |
| Environment - current issues | NA | air pollution in large cities; acid rain; water pollution from the discharge of sewage and industrial effluents; drift net fishing |
| Environment - international agreements | - | party to: Antarctic-Environmental Protocol, Antarctic-Marine Living Resources, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands, Whaling
signed, but not ratified: none of the selected agreements |
| Ethnic groups | Scandinavian | homogeneous (except for about 20,000 Chinese) |
| Exchange rates | Danish kroner per US dollar - 6.5877 (2003), 7.89 (2002), 8.323 (2001), 8.083 (2000), 6.976 (1999) | South Korean won per US dollar - 1,145.3 (2004), 1,191.6 (2003), 1,251.1 (2002), 1,291 (2001), 1,131 (2000) |
| Executive branch | chief of state: Queen MARGRETHE II of Denmark (since 14 January 1972), represented by High Commissioner Birgit KLEIS, chief administrative officer (since 1 November 2001)
head of government: Prime Minister Joannes EIDESGAARD (since 3 February 2004) cabinet: Landsstyri appointed by the prime minister elections: the monarch is hereditary; high commissioner appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually elected prime minister by the Faroese Parliament; election last held 20 January 2004 (next to be held no later than January 2008) election results: Joannes EIDESGAARD elected prime minister; percent of parliamentary vote - NA% note: coalition of Social Democrats, Union Party, and People's Party |
chief of state: President ROH Moo-hyun (since 25 February 2003)
head of government: Prime Minister LEE Hae-chan (since 25 May 2004); Deputy Prime Ministers HAN Duck-soo (14 March 2005), KIM Jin-pyo (since 28 January 2005), and OH Myung (since 18 October 2004) cabinet: State Council appointed by the president on the prime minister's recommendation elections: president elected by popular vote for single five-year term; election last held 19 December 2002 (next to be held in February 2008); prime minister appointed by president with consent of National Assembly; deputy prime ministers appointed by president on prime minister's recommendation election results: results of the 19 December 2002 election - ROH Moo-hyun elected president; percent of vote - ROH Moo-hyun (MDP) 48.9%; LEE Hoi-chang (GNP) 46.6%; other 4.5% |
| Exports | NA (2001) | 630,100 bbl/day (2003) |
| Exports - commodities | fish and fish products 94%, stamps, ships (1999) | semiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships, petrochemicals |
| Exports - partners | Denmark 36.7%, UK 32.1%, Netherlands 6.1%, Nigeria 5.6%, Norway 5.4% (2003) | China 19.7%, US 17%, Japan 8.6%, Hong Kong 7.2% (2004) |
| Fiscal year | calendar year | calendar year |
| Flag description | white with a red cross outlined in blue extending to the edges of the flag; the vertical part of the cross is shifted toward the hoist side in the style of the Dannebrog (Danish flag) | white with a red (top) and blue yin-yang symbol in the center; there is a different black trigram from the ancient I Ching (Book of Changes) in each corner of the white field |
| GDP | purchasing power parity - $1 billion (2001 est.) | - |
| GDP - composition by sector | agriculture: 27%
industry: 11% services: 62% (1999) |
agriculture: 3.2%
industry: 40.4% services: 56.3% (2004 est.) |
| GDP - per capita | purchasing power parity - $22,000 (2001 est.) | purchasing power parity - $19,200 (2004 est.) |
| GDP - real growth rate | 10% (2001 est.) | 4.6% (2004 est.) |
| Geographic coordinates | 62 00 N, 7 00 W | 37 00 N, 127 30 E |
| Geography - note | archipelago of 17 inhabited islands and one uninhabited island, and a few uninhabited islets; strategically located along important sea lanes in northeastern Atlantic; precipitous terrain limits habitation to small coastal lowlands | strategic location on Korea Strait |
| Heliports | - | 206 (2004 est.) |
| Highways | total: 463 km
paved: 454 km unpaved: 9 km (1999) |
total: 86,990 km
paved: 66,721 km (including 1,996 km of expressways) unpaved: 20,269 km (2001) |
| Household income or consumption by percentage share | lowest 10%: NA
highest 10%: NA |
lowest 10%: 2.9%
highest 10%: 22.5% (1999 est.) |
| Imports | NA (2001) | 2.263 million bbl/day (2003) |
| Imports - commodities | machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999) | machinery, electronics and electronic equipment, oil, steel, transport equipment, organic chemicals, plastics |
| Imports - partners | Denmark 52.7%, Norway 22.5%, Iceland 4.7%, Germany 4.2%, UK 4% (2003) | Japan 20.6%, China 13.2%, US 12.9%, Saudi Arabia 5.3% (2004) |
| Independence | none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark) | 15 August 1945 (from Japan) |
| Industrial production growth rate | 8% (1999 est.) | 10.1% (2004 est.) |
| Industries | fishing, fish processing, shipbuilding, construction, handicrafts | electronics, telecommunications, automobile production, chemicals, shipbuilding, steel |
| Infant mortality rate | total: 6.38 deaths/1,000 live births
male: 7.72 deaths/1,000 live births female: 5.03 deaths/1,000 live births (2004 est.) |
total: 7.05 deaths/1,000 live births
male: 7.5 deaths/1,000 live births female: 6.57 deaths/1,000 live births (2005 est.) |
| Inflation rate (consumer prices) | 5.1% (1999) | 3.6% (2004 est.) |
| International organization participation | IMO (associate), NC, NIB, UPU | AfDB, APEC, APT, ARF, AsDB, ASEAN (dialogue partner), Australia Group, BIS, CP, EBRD, FAO, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, ISO, ITU, LAIA, MIGA, MINURSO, NAM (guest), NEA, NSG, OAS (observer), OECD, ONUB, OPCW, OSCE (partner), PCA, UN, UNCTAD, UNESCO, UNIDO, UNMIL, UNMOGIP, UNOMIG, UPU, WCL, WCO, WHO, WIPO, WMO, WToO, WTO, ZC |
| Irrigated land | 0 sq km (1998 est.) | 11,590 sq km (1998 est.) |
| Judicial branch | none | Supreme Court (justices appointed by president with consent of National Assembly); Constitutional Court (justices appointed by president based partly on nominations by National Assembly and Chief Justice of the court) |
| Labor force | 24,250 (October 2000) | 22.9 million (2004 est.) |
| Labor force - by occupation | fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34% | agriculture 8%, industry 19%, services 73% (2004 est.) |
| Land boundaries | 0 km | total: 238 km
border countries: North Korea 238 km |
| Land use | arable land: 2.14%
permanent crops: 0% other: 97.86% (2001) |
arable land: 17.18%
permanent crops: 1.95% other: 80.87% (2001) |
| Languages | Faroese (derived from Old Norse), Danish | Korean, English widely taught in junior high and high school |
| Legal system | Danish | combines elements of continental European civil law systems, Anglo-American law, and Chinese classical thought |
| Legislative branch | unicameral Faroese Parliament or Logting (32 seats; members are elected by popular vote on a proportional basis from the seven constituencies to serve four-year terms)
elections: last held 20 January 2004 (next to be held no later than January 2008) election results: percent of vote by party - Union Party 23.7%, Social Democrats 21.8%, Republican Party 21.7%, People's Party 20.6%, Center Party 5.2%, Independence Party 4.6%; seats by party - Union Party 7, Social Democrats 7, Republican Party 8, People's Party 7, Center Party 2, Independence Party 1 note: election of 2 seats to the Danish Parliament was last held on 20 November 2001 (next to be held 8 February 2005); results - percent of vote by party - NA; seats by party - Republican Party 1, Union Party 1 |
unicameral National Assembly or Kukhoe (299 seats - members elected for four-year terms; 243 in single-seat constituencies, 56 by proportional representation
elections: last held 15 April 2004 (next to be held in April 2008; byelections held on 30 April 2005) election results: percent of vote by party - Uri 51%, GNP 41%, DLP 3%, DP 3%, others 2%; seats by party - Uri 146, GNP 125, DLP 10, DP 9, ULD 3, independents 6 note: percent of vote is for 2004 general election; seats by party reflect results of 2005 byelections involving six seats; MDP became DP in May 2005 (2005) |
| Life expectancy at birth | total population: 79.05 years
male: 75.6 years female: 82.51 years (2004 est.) |
total population: 76.85 years
male: 73.42 years female: 80.57 years (2005 est.) |
| Literacy | definition: NA
total population: NA male: NA female: NA note: probably the same as Denmark proper |
definition: age 15 and over can read and write
total population: 97.9% male: 99.2% female: 96.6% (2002) |
| Location | Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway | Eastern Asia, southern half of the Korean Peninsula bordering the Sea of Japan and the Yellow Sea |
| Map references | Europe | Asia |
| Maritime claims | territorial sea: 3 nm
continental shelf: 200 nm or agreed boundaries or median line exclusive fishing zone: 200 nm or agreed boundaries or median line |
territorial sea: 12 nm; between 3 nm and 12 nm in the Korea Strait
contiguous zone: 24 nm exclusive economic zone: 200 nm continental shelf: not specified |
| Merchant marine | total: 7 ships (1,000 GRT or over) 24,051 GRT/11,998 DWT
by type: cargo 3, container 1, petroleum tanker 1, roll on/roll off 1, short-sea/passenger 1 foreign-owned: Denmark 2, Norway 1, United Kingdom 1 registered in other countries: 1 (2004 est.) |
total: 601 ships (1,000 GRT or over) 6,992,656 GRT/11,081,142 DWT
by type: bulk carrier 125, cargo 196, chemical tanker 88, container 71, liquefied gas 20, passenger 5, passenger/cargo 22, petroleum tanker 51, refrigerated cargo 15, roll on/roll off 5, vehicle carrier 3 foreign-owned: 2 (Germany 1, United Kingdom 1) registered in other countries: 366 (2005) |
| Military - note | defense is the responsibility of Denmark | - |
| Military branches | no regular military forces | Army, Navy, Air Force, Marine Corps, National Maritime Police (Coast Guard) |
| Military expenditures - dollar figure | NA | $16.18 billion (2004) |
| Military expenditures - percent of GDP | NA | 2.8% (2004) |
| National holiday | Olaifest, 29 July | Liberation Day, 15 August (1945) |
| Nationality | noun: Faroese (singular and plural)
adjective: Faroese |
noun: Korean(s)
adjective: Korean |
| Natural hazards | NA | occasional typhoons bring high winds and floods; low-level seismic activity common in southwest |
| Natural resources | fish, whales, hydropower, possible oil and gas | coal, tungsten, graphite, molybdenum, lead, hydropower potential |
| Net migration rate | 1.41 migrant(s)/1,000 population (2004 est.) | 0 migrant(s)/1,000 population (2005 est.) |
| Pipelines | - | gas 1,433 km; refined products 827 km (2004) |
| Political parties and leaders | Center Party [Jenis A. RANA]; Independence Party [Helena Dam a NEYSTABO]; People's Party [Anfinn KALLSBERG]; Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Lisbeth PETERSEN] | Democratic Labor Party or DLP [KIM Hye-kyung, chairwoman]; Democratic Party or DP [HAHN Hwa-kap, chairman]; Grand National Party or GNP [PARK Geun-hye, chairwoman]; United Liberal Democrats or ULD [KIM Hak-won, chairman]; Uri Party [MOON Hee-sang, chairman] |
| Political pressure groups and leaders | NA | Federation of Korean Industries; Federation of Korean Trade Unions; Korean Confederation of Trade Unions; Korean National Council of Churches; Korean Traders Association; Korean Veterans' Association; National Council of Labor Unions; National Democratic Alliance of Korea; National Federation of Farmers' Associations; National Federation of Student Associations |
| Population | 46,662 (July 2004 est.) | 48,422,644 (July 2005 est.) |
| Population below poverty line | NA | 4% (2001 est.) |
| Population growth rate | 0.66% (2004 est.) | 0.38% (2005 est.) |
| Ports and harbors | Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur | Inch'on, Masan, P'ohang, Pusan, Ulsan |
| Radio broadcast stations | AM 1, FM 13, shortwave 0 (1998) | AM 58, FM 150, shortwave 2 (2004) |
| Railways | - | total: 3,472 km
standard gauge: 3,472 km 1.435-m gauge (1,342 km electrified) (2004) |
| Religions | Evangelical Lutheran | no affiliation 46%, Christian 26%, Buddhist 26%, Confucianist 1%, other 1% |
| Sex ratio | at birth: 1 male(s)/female
under 15 years: 1 male(s)/female 15-64 years: 1.13 male(s)/female 65 years and over: 0.82 male(s)/female total population: 1.05 male(s)/female (2004 est.) |
at birth: 1.08 male(s)/female
under 15 years: 1.11 male(s)/female 15-64 years: 1.03 male(s)/female 65 years and over: 0.67 male(s)/female total population: 1.01 male(s)/female (2005 est.) |
| Suffrage | 18 years of age; universal | 20 years of age; universal |
| Telephone system | general assessment: good international communications; good domestic facilities
domestic: digitalization was completed in 1998; both NMT (analog) and GSM (digital) mobile telephone systems are installed international: country code - 298; satellite earth stations - 1 Orion; 1 fiber-optic submarine cable to the Shetland Islands, linking the Faroe Islands with Denmark and Iceland; fiber-optic submarine cable connection to Canada-Europe cable |
general assessment: excellent domestic and international services
domestic: NA international: country code - 82; fiber-optic submarine cable to China; the Russia-Korea-Japan submarine cable; satellite earth stations - 3 Intelsat (2 Pacific Ocean and 1 Indian Ocean) and 1 Inmarsat (Pacific Ocean region) |
| Telephones - main lines in use | 23,000 (2002) | 22.877 million (2003) |
| Telephones - mobile cellular | 30,700 (2002) | 33,591,800 (2003) |
| Television broadcast stations | 3 (plus 43 low-power repeaters) (September 1995) | 64 (additionally 119 Cable Operators; 239 Relay Cable Operators) (2004) |
| Terrain | rugged, rocky, some low peaks; cliffs along most of coast | mostly hills and mountains; wide coastal plains in west and south |
| Total fertility rate | 2.22 children born/woman (2004 est.) | 1.26 children born/woman (2005 est.) |
| Unemployment rate | 1% (October 2000) | 3.6% (2004 est.) |
| Waterways | - | 1,608 km
note: most navigable only by small craft (2004) |
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