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Compare Faroe Islands (2007) - Korea, South (2004)
Compare Faroe Islands (2007) z Korea, South (2004)
| Faroe Islands (2007) | Korea, South (2004) | |
 |  | |
| 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 34 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 (Inchon), Kwangju-gwangyoksi (Kwangju), Pusan-gwangyoksi (Pusan), Soul-t'ukpyolsi (Seoul), Taegu-gwangyoksi (Taegu), Taejon-gwangyoksi (Taejon), Ulsan-gwangyoksi (Ulsan) |
| Age structure | 0-14 years: 20.6% (male 4,882/female 4,904)
15-64 years: 65.3% (male 16,353/female 14,668) 65 years and over: 14.1% (male 3,041/female 3,663) (2007 est.) |
0-14 years: 20.4% (male 5,223,344; female 4,681,594)
15-64 years: 71.4% (male 17,625,302; female 17,072,029) 65 years and over: 8.2% (male 1,597,085; female 2,398,821) (2004 est.) |
| Agriculture - products | milk, potatoes, vegetables; sheep; salmon, other fish | rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish |
| Airports | 1 (2007) | 102 (2003 est.) |
| Airports - with paved runways | total: 1
914 to 1,523 m: 1 (2007) |
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 (1950-1953), 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 18 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 | 14.12 births/1,000 population (2007 est.) | 12.33 births/1,000 population (2004 est.) |
| Budget | revenues: $588 million
expenditures: $623 million (2005) |
revenues: $135.5 billion
expenditures: $128.7 billion, including capital expenditures of $23.5 billion (2003) |
| Capital | name: Torshavn
geographic coordinates: 62 01 N, 6 46 W time difference: UTC 0 (5 hours ahead of Washington, DC during Standard Time) daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October |
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 | - | South Korean won (KRW) |
| Death rate | 8.69 deaths/1,000 population (2007 est.) | 6.13 deaths/1,000 population (2004 est.) |
| Debt - external | $64 million (1999) | $130.3 billion (2003 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 HONG Seok-hyun
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): New York, Tamuning (Guam) |
| Disputes - international | because anticipated offshore hydrocarbon resources have not been realized, earlier Faroese proposals for full independence have been deferred; Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends 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; unresolved dispute with Japan over Liancourt Rocks (Tok-do/Take-shima) and occasional protests over fishing rights in grounds also claimed by Japan |
| Economic aid - donor | - | ODA $200 million |
| Economic aid - recipient | $105 million; note - annual subsidy from Denmark (2005) | - |
| Economy - overview | The Faroese economy is dependent on fishing, which makes the economy vulnerable to price swings. Since 2003 the Faroese economy has picked up as a result of higher prices for fish and for housing. Unemployment is minimal and government finances are relatively sound. Oil finds close to the Islands give hope for economically recoverable deposits, which could eventually lay the basis for a more diversified economy and lessen dependence on Danish economic assistance. Aided by a substantial annual subsidy (about 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. Today its GDP per capita is 18 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 6.6% in 1998, then strongly recovered to 10.8% in 1999 and 9.2% 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 6.2%, despite anemic global growth, followed by moderate 2.8% growth in 2003. In 2003 the National Assembly approved legislation reducing the six-day work week to five days. |
| Electricity - consumption | 269.7 million kWh (2005) | 270.3 billion kWh (2001) |
| Electricity - exports | 0 kWh (2005) | 0 kWh (2001) |
| Electricity - imports | 0 kWh (2005) | 0 kWh (2001) |
| Electricity - production | 290 million kWh (2005) | 290.7 billion kWh (2001) |
| 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: Marine Dumping -associate member to the London Convention and Ship Pollution | 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 - 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003), 7.8947 (2002) | South Korean won per US dollar - 1,191.61 (2003), 1,251.09 (2002), 1,290.99 (2001), 1,130.96 (2000), 1,188.82 (1999) |
| 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 |
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 KIM Jin-pyo (since 28 January 2005), LEE Hun-jai (since 10 February 2004), 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 December 2007); 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 bbl/day | 804,700 bbl/day (2001) |
| Exports - commodities | fish and fish products 94%, stamps, ships (1999) | Semiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships, petrochemicals |
| Exports - partners | Denmark 32%, UK 27%, Norway 10.2%, Nigeria 9.3%, Netherlands 5.5% (2006) | China 18.2%, US 17.8%, Japan 9%, Hong Kong 7.6% (2003) |
| 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 - $857.8 billion (2003 est.) |
| GDP - composition by sector | agriculture: 27%
industry: 11% services: 62% (1999) |
agriculture: 3.6%
industry: 36.4% services: 60% (2003 est.) |
| GDP - per capita | - | purchasing power parity - $17,800 (2003 est.) |
| GDP - real growth rate | 2.4% (2005 est.) | 3.1% (2003 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 (2003 est.) |
| Highways | - | total: 86,990 km
paved: 64,808 km (including 1,996 km of expressways) unpaved: 22,182 km (1999 est.) |
| 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 bbl/day | 2.965 million bbl/day (2001) |
| Imports - commodities | consumer goods 36%, raw materials and semi-manufactures 32%, machinery and transport equipment 29%, fuels, fish, salt (1999) | machinery, electronics and electronic equipment, oil, steel, transport equipment, organic chemicals, plastics |
| Imports - partners | Denmark 53%, Norway 20.7%, Iceland 6%, Sweden 4.3% (2006) | Japan 20.3%, US 13.9%, China 12.3%, Saudi Arabia 5.2% (2003) |
| 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.) | 5.1% (2003 est.) |
| Industries | fishing, fish processing, small ship repair and refurbishment, handicrafts | electronics, telecommunications, automobile production, chemicals, shipbuilding, steel |
| Infant mortality rate | total: 6.01 deaths/1,000 live births
male: 7.25 deaths/1,000 live births female: 4.76 deaths/1,000 live births (2007 est.) |
total: 7.18 deaths/1,000 live births
male: 7.64 deaths/1,000 live births female: 6.68 deaths/1,000 live births (2004 est.) |
| Inflation rate (consumer prices) | 1.8% (2005) | 3.6% (2003 est.) |
| International organization participation | Arctic Council, IMO (associate), NC, NIB, UPU | AfDB, APEC, 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 | 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) | 22.92 million (2003) |
| Labor force - by occupation | agriculture: 33%
industry: 33% services: 34% (October 2000) |
agriculture 8.8%, industry 19.1%, services 72.1% (2001) |
| 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% (2005) |
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 | the laws of Denmark, where applicable, apply | 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 Democratic Party 21.8%, Republican Party 21.7%, People's Party 20.6%, Center Party 5.2%, Independence Party 4.6%, other 2.4%; seats by party - Republican Party 8, Union Party 7, Social Democratic Party 7, People's Party 7, Center Party 2, Independence Party 1 note: election of two seats to the Danish Parliament was last held on 8 February 2005 (next to be held in February 2009); results - percent of vote by party - NA; seats by party - Republican Party 1, People's 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; by-elections scheduled for April 2005)) election results: percent of vote by party - Uri 51%, GNP 41%, DLP 3%, MDP 3%, others 2%; seats by party - Uri 152, GNP 121, DLP 10, MDP 9, others 7 (2004) |
| Life expectancy at birth | total population: 79.49 years
male: 76.06 years female: 82.93 years (2007 est.) |
total population: 75.58 years
male: 71.96 years female: 79.54 years (2004 est.) |
| Literacy | definition: NA
total population: NA% male: NA% female: NA% note: probably 100%, 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: 16 ships (1000 GRT or over) 92,454 GRT/63,291 DWT
by type: cargo 10, container 2, passenger/cargo 3, petroleum tanker 1 foreign-owned: 8 (Iceland 4, Norway 4) (2007) |
total: 535 ships (1,000 GRT or over) 5,978,949 GRT/9,761,699 DWT
by type: bulk 97, cargo 174, chemical tanker 61, combination bulk 10, container 60, liquefied gas 19, passenger 3, petroleum tanker 73, refrigerated cargo 20, roll on/roll off 7, short-sea/passenger 2, specialized tanker 6, vehicle carrier 3 foreign-owned: Bahrain 1, China 1, Gibraltar 1, Honduras 1, Indonesia 1, Japan 3, Malaysia 1, Panama 1, Philippines 1, Saint Vincent and the Grenadines 1, United Kingdom 1, United States 1 registered in other countries: 442 (2004 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 | - | $14.522 billion (FY03) |
| Military expenditures - percent of GDP | NA | 2.7% (FY03) |
| Military manpower - availability | - | males age 15-49: 14,233,895 (2004 est.) |
| Military manpower - fit for military service | - | males age 15-49: 8,966,241 (2004 est.) |
| Military manpower - reaching military age annually | - | males: 341,697 (2004 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 migrant(s)/1,000 population (2007 est.) | 0 migrant(s)/1,000 population (2004 est.) |
| Pipelines | - | gas 1,433 km; refined products 827 km (2004) |
| 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 Leo JOHANNESEN] | Democratic Labor Party or DLP [KIM Hye-kyung, chairwoman]; Grand National Party or GNP [PARK Geun-hye, chairwoman]; Millennium Democratic Party or MDP [HAHN Hwa-kap, chairman]; United Liberal Democrats or ULD [KIM Hak-won, chairman]; Uri Party [LIM Chae-jung, interim 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 | 47,511 (July 2007 est.) | 48,598,175 (July 2004 est.) |
| Population below poverty line | NA% | 4% (2001 est.) |
| Population growth rate | 0.543% (2007 est.) | 0.62% (2004 est.) |
| Ports and harbors | - | 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 58, FM 150, shortwave 2 (2004) |
| Railways | - | total: 3,125 km
standard gauge: 3,125 km 1.435-m gauge (661 km electrified) (2003) |
| 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: 0.996 male(s)/female 15-64 years: 1.115 male(s)/female 65 years and over: 0.83 male(s)/female total population: 1.045 male(s)/female (2007 est.) |
at birth: 1.09 male(s)/female
under 15 years: 1.12 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 (2004 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 (2006) | 22.877 million (2003) |
| Telephones - mobile cellular | 50,000 (2006) | 33,591,800 (2003) |
| Television broadcast stations | 3 (plus 43 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 | 2.15 children born/woman (2007 est.) | 1.56 children born/woman (2004 est.) |
| Unemployment rate | 2.1% (2006) | 3.4% (2003 est.) |
| Waterways | - | 1,608 km
note: most navigable only by small craft (2004) |
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