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Compare Faroe Islands (2005) - Korea, South (2001)
Compare Faroe Islands (2005) z Korea, South (2001)
| Faroe Islands (2005) | Korea, South (2001) | |
 |  | |
| 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); Cheju-do, Cholla-bukto, Cholla-namdo, Ch'ungch'ong-bukto, Ch'ungch'ong-namdo, Inch'on-gwangyoksi*, Kangwon-do, Kwangju-gwangyoksi*, Kyonggi-do, Kyongsang-bukto, Kyongsang-namdo, Pusan-gwangyoksi*, Soul-t'ukpyolsi*, Taegu-gwangyoksi*, Taejon-gwangyoksi*, Ulsan-gwangyoksi* |
| Age structure | 0-14 years: 21.3% (male 4,997/female 4,999)
15-64 years: 64.9% (male 16,120/female 14,360) 65 years and over: 13.8% (male 2,923/female 3,563) (2005 est.) |
0-14 years:
21.59% (male 5,475,453; female 4,864,918) 15-64 years: 71.14% (male 17,291,202; female 16,789,380) 65 years and over: 7.27% (male 1,352,312; female 2,131,105) (2001 est.) |
| Agriculture - products | milk, potatoes, vegetables; sheep; salmon, other fish | rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish |
| Airports | 1 (2004 est.) | 102 (2000 est.) |
| Airports - with paved runways | total: 1
914 to 1,523 m: 1 (2004 est.) |
total:
68 over 3,047 m: 2 2,438 to 3,047 m: 18 1,524 to 2,437 m: 16 914 to 1,523 m: 11 under 914 m: 21 (2000 est.) |
| Airports - with unpaved runways | - | total:
34 914 to 1,523 m: 2 under 914 m: 32 (2000 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. | 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. The Korean War (1950-53) had US and other UN forces intervene to defend South Korea from North Korean attacks supported by the Chinese. An armistice was signed in 1953 splitting the peninsula at the 38th parallel known as the DMZ. Thereafter, South Korea achieved rapid economic growth, with per capita income rising to 13 times the level of North Korea. In 1997, the nation suffered a severe financial crisis from which it continues to make a solid recovery. South Korea has also maintained its commitment to democratize its political processes. In June 2000, a historic first south-north summit took place between the south's President KIM Dae-jung and the north's leader KIM Chong-il. In December 2000, President KIM Dae-jung won the Noble Peace Prize for his lifeling committment to democracy and human rights in Asia. He is the first Korean to win a Nobel Prize. |
| Birth rate | 13.97 births/1,000 population (2005 est.) | 14.85 births/1,000 population (2001 est.) |
| Budget | revenues: $488 million
expenditures: $484 million, including capital expenditures of $21 million (1999) |
revenues:
$81.8 billion expenditures: $94.9 billion, including capital expenditures of $6.1 billion (1999) |
| 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) | 25 February 1988 |
| 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 | - | South Korean won (KRW) |
| Death rate | 8.69 deaths/1,000 population (2005 est.) | 5.93 deaths/1,000 population (2001 est.) |
| Debt - external | $64 million (1999) | $137 billion (November 2000) |
| 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 (vacant) embassy: 82 Sejong-ro, Chongro-ku, Seoul 110-710 mailing address: American Embassy, Unit 15550, APO AP 96205-0001 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 YANG Song-chol chancery: 2450 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 939-5600 FAX: [1] (202) 387-0205 consulate(s) general: Anchorage, Atlanta, Boston, Chicago, Honolulu, Houston, Los Angeles, Miami, New York, San Francisco, and Seattle consulate(s): Hagatna (Guam) |
| Disputes - international | because anticipated offshore hydrocarbon resources have not been realized, earlier Faroese proposals for full independence have been deferred; Iceland disputes the Faroe Islands' fisheries median line boundary; Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm | Demarcation Line with North Korea; Liancourt Rocks (Takeshima/Tokdo) disputed with Japan |
| Economic aid - recipient | $135 million (annual subsidy from Denmark) (1998) | $NA |
| 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 minimal 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 has helped 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. | As one of the Four Dragons of East Asia, South Korea has achieved an incredible record of growth. Three decades ago GDP per capita was comparable with levels in the poorer countries of Africa and Asia. Today its GDP per capita is seven times India's, 16 times North Korea's, and comparable 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 certain longstanding weaknesses in South Korea's development model, including high debt/equity ratios, massive foreign borrowing, and an undisciplined financial sector. By 1999 GDP growth had recovered, reversing the substantial decline of 1998. Seoul has pressed the country's largest business groups to restructure and to strengthen their financial base. Growth in 2001 likely will be a more sustainable rate of 5%. |
| Electricity - consumption | 204.6 million kWh (2002) | 232.767 billion kWh (1999) |
| Electricity - exports | 0 kWh (2002) | 0 kWh (1999) |
| Electricity - imports | 0 kWh (2002) | 0 kWh (1999) |
| Electricity - production | 220 million kWh (2002) | 250.287 billion kWh (1999) |
| Electricity - production by source | - | fossil fuel:
59.22% hydro: 1.64% nuclear: 39.12% other: 0.02% (1999) |
| 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, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands, Whaling signed, but not ratified: Climate Change-Kyoto Protocol |
| Ethnic groups | Scandinavian | homogeneous (except for about 20,000 Chinese) |
| Exchange rates | Danish kroner per US dollar - 5.9911 (2004), 6.5877 (2003), 7.8947 (2002), 8.3228 (2001), 8.0831 (2000) | South Korean won per US dollar - 1,271.89 (January 2001), 1,130.96 (2000), 1,188.82 (1999), 1,401.44 (1998), 951.29 (1997), 804.45 (1996) |
| 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 KIM Dae-jung (since 25 February 1998) head of government: Prime Minister YI Han-tong (since 23 May 2000) cabinet: State Council appointed by the president on the prime minister's recommendation elections: president elected by popular vote for a single five-year term; election last held 18 December 1997 (next to be held by 18 December 2002); prime minister appointed by the president; deputy prime ministers appointed by the president on the prime minister's recommendation election results: KIM Dae-jung elected president; percent of vote - KIM Dae-jung (NCNP) 40.3% (with ULD partnership), YI Hoe-chang (GNP) 38.7%, YI In-che (NPP) 19.2% |
| Exports | NA | $172.6 billion (f.o.b., 2000) |
| Exports - commodities | fish and fish products 94%, stamps, ships (1999) | electronic products, machinery and equipment, motor vehicles, steel, ships; textiles, clothing, footwear; fish |
| Exports - partners | Denmark 33.5%, UK 29.7%, Norway 8.4%, Nigeria 7.2% (2004) | US 20.5%, Japan 11%, China 9.5%, Hong Kong 6.3%, Taiwan 4.4% (1999) |
| 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 - $764.6 billion (2000 est.) |
| GDP - composition by sector | agriculture: 27%
industry: 11% services: 62% (1999) |
agriculture:
5.6% industry: 41.4% services: 53% (1999 est.) |
| GDP - per capita | purchasing power parity - $22,000 (2001 est.) | purchasing power parity - $16,100 (2000 est.) |
| GDP - real growth rate | 10% (2001 est.) | 9% (2000 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 | - |
| Heliports | - | 203 (2000 est.) |
| Highways | total: 463 km
paved: 454 km unpaved: 9 km (1999) |
total:
87,534 km paved: 65,388 km (including 1,996 km of expressways) unpaved: 22,146 km (1999) |
| Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
lowest 10%:
2.9% highest 10%: 24.3% (1993) |
| Imports | NA | $160.5 billion (f.o.b., 2000) |
| 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, textiles, organic chemicals, grains |
| Imports - partners | Denmark 52.8%, Norway 18.3%, Iceland 4.4%, Sweden 4.2% (2004) | US 20.8%, Japan 20.2%, China 7.4%, Saudi Arabia 4.7%, Australia 3.9% (1999) |
| 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.) | 17% (2000) |
| Industries | fishing, fish processing, small ship repair and refurbishment, handicrafts | electronics, automobile production, chemicals, shipbuilding, steel, textiles, clothing, footwear, food processing |
| Infant mortality rate | total: 6.24 deaths/1,000 live births
male: 7.54 deaths/1,000 live births female: 4.93 deaths/1,000 live births (2005 est.) |
7.71 deaths/1,000 live births (2001 est.) |
| Inflation rate (consumer prices) | 5.1% (1999) | 2.3% (2000) |
| International organization participation | IMO (associate), NC, NIB, UPU | AfDB, APEC, ARF (dialogue partner), AsDB, ASEAN (dialogue partner), Australia Group, BIS, CCC, CP, EBRD, ESCAP, FAO, G-77, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IEA (observer), IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, MINURSO, NAM (guest), NEA, NSG, OAS (observer), OECD, OPCW, OSCE (partner), PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMOGIP, UNOMIG, UNTAET, UNU, UPU, WHO, WIPO, WMO, WToO, WTrO, ZC |
| Internet Service Providers (ISPs) | - | 11 (2000) |
| Irrigated land | 0 sq km (1998 est.) | 13,350 sq km (1993 est.) |
| Judicial branch | none | Supreme Court (justices are appointed by the president with the consent of the National Assembly) |
| Labor force | 24,250 (October 2000) | 22 million (2000) |
| Labor force - by occupation | fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34% | services 68%, industry 20%, agriculture 12% (1999) |
| 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:
19% permanent crops: 2% permanent pastures: 1% forests and woodland: 65% other: 13% (1993 est.) |
| 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 8 February 2005 (next to be held February 2009); results - percent of vote by party - NA; seats by party - Republican Party 1, People's Party 1 |
unicameral National Assembly or Kukhoe (273 seats total - 227 elected by direct, popular vote; members serve four-year terms)
elections: last held 13 April 2000 (next to be held NA April 2004) election results: percent of vote by party - NA%; seats by party - GNP 133, MDP 115, ULD 17, other 8 |
| Life expectancy at birth | total population: 79.21 years
male: 75.77 years female: 82.67 years (2005 est.) |
total population:
74.65 years male: 70.97 years female: 78.74 years (2001 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: 98% male: 99.3% female: 96.7% (1995 est.) |
| 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 |
contiguous zone:
24 NM continental shelf: not specified exclusive economic zone: 200 NM territorial sea: 12 NM; between 3 NM and 12 NM in the Korea Strait |
| Merchant marine | total: 14 ships (1,000 GRT or over) 24,051 GRT/11,998 DWT
by type: cargo 6, container 1, passenger/cargo 5, petroleum tanker 2 foreign-owned: 8 (Denmark 2, Germany 1, Iceland 2, Norway 2, United Kingdom 1) (2005) |
total:
496 ships (1,000 GRT or over) totaling 5,421,993 GRT/8,757,034 DWT ships by type: bulk 105, cargo 168, chemical tanker 38, combination bulk 5, container 49, liquefied gas 16, multi-functional large-load carrier 1, passenger 3, petroleum tanker 70, refrigerated cargo 27, roll on/roll off 4, short-sea passenger 1, specialized tanker 4, vehicle carrier 5 (2000 est.) |
| 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 | $12 billion (2000) |
| Military expenditures - percent of GDP | NA | 3.2% (FY98/99) |
| Military manpower - availability | - | males age 15-49:
14,148,552 (2001 est.) |
| Military manpower - fit for military service | - | males age 15-49:
8,979,778 (2001 est.) |
| Military manpower - military age | - | 18 years of age |
| Military manpower - reaching military age annually | - | males:
394,397 (2001 est.) |
| National holiday | Olaifest (Olavasoka), 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 | 0.94 migrant(s)/1,000 population (2005 est.) | 0 migrant(s)/1,000 population (2001 est.) |
| Pipelines | - | petroleum products 455 km; note - additionally, there is a parallel petroleum, oils, and lubricants (POL) pipeline being completed |
| Political parties and leaders | Center Party [Jenis A. RANA]; Independence Party [Kari P. HOJGAARD]; People's Party [Anfinn KALLSBERG]; Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Kaj Oeo JOHANNESEN] | Grand National Party or GNP [YI Hoe-chang, president]; Millennium Democratic Party or MDP [KIM Dae-jung, president]; United Liberal Democrats or ULD [KIM Chong-p'il, honorary chairman, KIM Chong-ho, acting president]
note: on 20 January 2000, the National Congress for New Politics or NCNP was renamed the Millennium Democratic Party or MDP |
| 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 | 46,962 (July 2005 est.) | 47,904,370 (July 2001 est.) |
| Population below poverty line | NA% | NA% |
| Population growth rate | 0.62% (2005 est.) | 0.89% (2001 est.) |
| Ports and harbors | Torshavn | Chinhae, Inch'on, Kunsan, Masan, Mokp'o, P'ohang, Pusan, Tonghae-hang, Ulsan, Yosu |
| Radio broadcast stations | AM 1, FM 13, shortwave 0 (1998) | AM 106, FM 97, shortwave 6 (1999) |
| Radios | - | 47.5 million (1997) |
| Railways | - | total:
6,240 km standard gauge: 6,240 km 1.435-m gauge (525 km electrified) (1998 est.) |
| Religions | Evangelical Lutheran | Christian 49%, Buddhist 47%, Confucianist 3%, Shamanist, Chondogyo (Religion of the Heavenly Way), and other 1% |
| Sex ratio | at birth: 1 male(s)/female
under 15 years: 1 male(s)/female 15-64 years: 1.12 male(s)/female 65 years and over: 0.82 male(s)/female total population: 1.05 male(s)/female (2005 est.) |
at birth:
1.11 male(s)/female under 15 years: 1.13 male(s)/female 15-64 years: 1.03 male(s)/female 65 years and over: 0.63 male(s)/female total population: 1.01 male(s)/female (2001 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: 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) | 24 million (1999) |
| Telephones - mobile cellular | 30,700 (2002) | 27 million (June 2000) |
| Television broadcast stations | 3 (plus 43 low-power repeaters) (September 1995) | 121 (plus 850 repeater stations and the eight-channel American Forces Korea Network) (1999) |
| 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 | 2.2 children born/woman (2005 est.) | 1.72 children born/woman (2001 est.) |
| Unemployment rate | 1% (October 2000) | 4.1% (2000 est.) |
| Waterways | - | 1,609 km
note: restricted to small native craft |
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