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Compare Faroe Islands (2008) - Korea, South (2002)
Compare Faroe Islands (2008) z Korea, South (2002)
| Faroe Islands (2008) | Korea, South (2002) | |
 |  | |
| 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); 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: 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: 21.4% (male 5,488,808; female 4,875,379)
15-64 years: 71% (male 17,404,645; female 16,894,361) 65 years and over: 7.6% (male 1,434,873; female 2,225,934) (2002 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 (2001) |
| Airports - with paved runways | total: 1
914 to 1,523 m: 1 (2007) |
total: 69
over 3,047 m: 3 2,438 to 3,047 m: 18 1,524 to 2,437 m: 16 914 to 1,523 m: 11 under 914 m: 21 (2002) |
| Airports - with unpaved runways | - | total: 33
914 to 1,523 m: 2 under 914 m: 31 (2002) |
| 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 along a demilitarized zone at about the 38th parallel. Thereafter, South Korea achieved rapid economic growth, with per capita income rising to roughly 20 times the level of North Korea. South Korea has maintained its commitment to democratize its political processes. In June 2000, a historic first north-south summit took place between the south's President KIM Dae-jung and the north's leader KIM Chong-il. |
| Birth rate | 14.12 births/1,000 population (2007 est.) | 14.55 births/1,000 population (2002 est.) |
| Budget | revenues: $588 million
expenditures: $623 million (2005) |
revenues: $118.1 billion
expenditures: $95.7 billion, including capital expenditures of $22.6 billion (2000) |
| 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) | 25 February 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.) | 6.02 deaths/1,000 population (2002 est.) |
| Debt - external | $64 million (1999) | $128.2 billion (2001) |
| 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 Thomas C. HUBBARD
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, New York, San Francisco, and Seattle consulate(s): 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 | Demarcation Line with North Korea; Liancourt Rocks/Take-shima/Tok-do disputed with Japan |
| Economic aid - donor | - | ODA $200 million (2000) |
| 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. | As one of the Four Tigers of East Asia, South Korea has achieved an incredible record of growth and integration into the high-tech modern world economy. Three decades ago GDP per capita was comparable with levels in the poorer countries of Africa and Asia. Today its GDP per capita is roughly 20 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 by 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 have stalled. Led by industry and construction, growth in 2002 was an impressive 5.8%, despited anemic global growth. |
| Electricity - consumption | 269.7 million kWh (2005) | 254.08 billion kWh (2000) |
| Electricity - exports | 0 kWh (2005) | 0 kWh (2000) |
| Electricity - imports | 0 kWh (2005) | 0 kWh (2000) |
| Electricity - production | 290 million kWh (2005) | 273.2 billion kWh (2000) |
| Electricity - production by source | - | fossil fuel: 61%
hydro: 1% nuclear: 38% other: 0% (2000) |
| 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, 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 - 5.4797 (2007), 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003) | South Korean won per US dollar - 1,317.01 (January 2002), 1,290.99 (2001), 1,130.96 (2000), 1,188.82 (1999), 1,401.44 (1998), 951.29 (1997) |
| 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 Muh-hyun (since 25 February 2003)
head of government: Prime Minister KO Kun (since 27 February 2003); Deputy Prime Minister KIM Chin-p'yo (since 27 February 2003) 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 19 December 2002 (next to be held NA December 2007); prime minister appointed by the president; deputy prime ministers appointed by the president on the prime minister's recommendation election results: results of the 19 December 2002 election - ROH Muh-hyun elected president, took office 25 February 2003; percent of vote - ROH Muh-hyun (MDP) 48.9%; YI Hoe-chang (GNP) 46.6%; other 4.5% |
| Exports | 0 bbl/day (2004) | $159.2 billion f.o.b. (2002 est.) |
| 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 31%, UK 27.4%, Norway 10.3%, Nigeria 9.5%, Netherlands 5.6% (2006) | US 20.7%, China 12.1%, Japan 11.0%, Hong Kong 6.3%, Taiwan 3.9% (2001) |
| 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 - $931 billion (2002 est.) |
| GDP - composition by sector | agriculture: 27%
industry: 11% services: 62% (1999) |
agriculture: 4%
industry: 42% services: 54% (2002 est.) |
| GDP - per capita | - | purchasing power parity - $19,400 (2002 est.) |
| GDP - real growth rate | 2.4% (2005 est.) | 5.8% (2002 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 | - | 204 (2002) |
| Highways | - | 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%: 3%
highest 10%: 25% (1998 est.) |
| Imports | 4,580 bbl/day (2004) | $146.6 billion f.o.b. (2002 est.) |
| 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, textiles, organic chemicals, grains |
| Imports - partners | Denmark 52.6%, Norway 20.7%, Iceland 6.1%, Sweden 4.3% (2006) | Japan 18.9%, US 15.9%, China 9.4%, Saudi Arabia 5.7%, Australia 3.9% (2001) |
| 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.) | 6.5% (2002 est.) |
| 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: 6.01 deaths/1,000 live births
male: 7.25 deaths/1,000 live births female: 4.76 deaths/1,000 live births (2007 est.) |
7.58 deaths/1,000 live births (2002 est.) |
| Inflation rate (consumer prices) | 1.8% (2005) | 2.8% (2002 est.) |
| International organization participation | Arctic Council, 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, IEA (observer), IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, 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, WCL, WHO, WIPO, WMO, WToO, WTrO, ZC |
| Internet Service Providers (ISPs) | - | 11 (2000) |
| Irrigated land | 0 sq km | 11,590 sq km (1998 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 (2001) |
| Labor force - by occupation | agriculture: 33%
industry: 33% services: 34% (October 2000) |
services 69%, industry 22%, agriculture 10% (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: 17.44%
permanent crops: 2.05% other: 80.51% (1998 est.) |
| 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 (33 seats; members are elected by popular vote on a proportional basis from the seven constituencies to serve four-year terms)
elections: last held 19 January 2008 (next to be held no later than January 2012) election results: percent of vote by party - Union Party 21%, Social Democratic Party 19.4%, Republican Party 23.3%, People's Party 20.1%, Center Party 8.4%, Self-Government Party 7.2%, other 0.6%; seats by party - Republican Party 8, Union Party 7, Social Democratic Party 6, People's Party 7, Center Party 3, Independence Party 2 note: election of two seats to the Danish Parliament was last held on 13 November 2007 (next to be held no later than November 2011); results - percent of vote by party - NA; seats by party - Republican Party 1, Union Party 1 |
unicameral National Assembly or Kukhoe (273 seats total - 227 elected by direct, popular vote; members serve four-year terms); note - beginning in 2004, all members will be directly elected; possible redistricting before 2004 may affect the number of seats in the National Assembly
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; note - the distribution of seats as of January 2002 is: GNP 136, MDP 118, ULD 15, DPP 2, independents 2 |
| Life expectancy at birth | total population: 79.49 years
male: 76.06 years female: 82.93 years (2007 est.) |
total population: 74.88 years
male: 71.2 years female: 78.95 years (2002 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: 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: 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: 501 ships (1,000 GRT or over) totaling 5,679,171 GRT/9,172,403 DWT
ships by type: bulk 104, cargo 160, chemical tanker 47, combination bulk 6, container 52, liquefied gas 16, multi-functional large-load carrier 1, passenger 3, petroleum tanker 73, refrigerated cargo 25, roll on/roll off 5, short-sea passenger 1, specialized tanker 3, vehicle carrier 5, includes some foreign-owned ships registered here as a flag of convenience: Australia 1, Bulgaria 1, China 1, Greece 1, Japan 1, Malaysia 1, Norway 1, Panama 1, Saint Vincent and the Grenadines 1, United Kingdom 1 (2002 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 | - | $12.8 billion (FY00) |
| Military expenditures - percent of GDP | NA | 2.8% (FY00) |
| Military manpower - availability | - | males age 15-49: 14,194,960 (2002 est.) |
| Military manpower - fit for military service | - | males age 15-49: 8,990,488 (2002 est.) |
| Military manpower - military age | - | 18 years of age (2002 est.) |
| Military manpower - reaching military age annually | - | males: 394,397 (2002 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 (2002 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 [Jorgen NICLASEN]; Republican Party [Hogni HOYDAL]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Kaj Leo JOHANNESEN] | Democratic People's Party or DPP [CHO Sun, chairman]; Grand National Party or GNP [YI Hoe-chang, president]; Millennium Democratic Party or MDP [leader NA]; 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 | 47,511 (July 2007 est.) | 48.324 million (July 2002 est.) |
| Population below poverty line | NA% | 4% (2001 est.) |
| Population growth rate | 0.543% (2007 est.) | 0.85% (2002 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 104, FM 136, shortwave 5 (2001) |
| Radios | - | 47.5 million (2000) |
| Railways | - | total: 3,124 km
standard gauge: 3,124 km 1.435-m gauge (661 km electrified) (2000) |
| 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: 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: 1.11 male(s)/female
under 15 years: 1.13 male(s)/female 15-64 years: 1.03 male(s)/female 65 years and over: 0.65 male(s)/female total population: 1.01 male(s)/female (2002 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 (2006) | 24 million (2000) |
| Telephones - mobile cellular | 50,000 (2006) | 28 million (September 2000) |
| Television broadcast stations | 3 (plus 43 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 | 2.15 children born/woman (2007 est.) | 1.72 children born/woman (2002 est.) |
| Unemployment rate | 2.1% (2006) | 3.1% (2002 est.) |
| Waterways | - | 1,609 km
note: restricted to small native craft |
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