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Compare Korea, South (2002) - Faroe Islands (2004)

Compare Korea, South (2002) z Faroe Islands (2004)

 Korea, South (2002)Faroe Islands (2004)
 Korea, SouthFaroe Islands
Administrative divisions 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* 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
Age structure 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.)
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.)
Agriculture - products rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish milk, potatoes, vegetables; sheep; salmon, other fish
Airports 102 (2001) 1 (2003 est.)
Airports - with paved runways 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)
total: 1


914 to 1,523 m: 1 (2004 est.)
Airports - with unpaved runways total: 33


914 to 1,523 m: 2


under 914 m: 31 (2002)
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Area total: 98,480 sq km


land: 98,190 sq km


water: 290 sq km
total: 1,399 sq km


land: 1,399 sq km


water: 0 sq km (some lakes and streams)
Area - comparative slightly larger than Indiana eight times the size of Washington, DC
Background 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. 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.
Birth rate 14.55 births/1,000 population (2002 est.) 13.89 births/1,000 population (2004 est.)
Budget revenues: $118.1 billion


expenditures: $95.7 billion, including capital expenditures of $22.6 billion (2000)
revenues: $488 million


expenditures: $484 million, including capital expenditures of $21 million (1999)
Capital Seoul Torshavn
Climate temperate, with rainfall heavier in summer than winter mild winters, cool summers; usually overcast; foggy, windy
Coastline 2,413 km 1,117 km
Constitution 25 February 1948 5 June 1953 (Danish constitution)
Country name 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
conventional long form: none


conventional short form: Faroe Islands


local long form: none


local short form: Foroyar
Currency South Korean won (KRW) Danish krone (DKK)
Death rate 6.02 deaths/1,000 population (2002 est.) 8.68 deaths/1,000 population (2004 est.)
Debt - external $128.2 billion (2001) $64 million (1999)
Dependency status - part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948
Diplomatic representation from the US 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
none (self-governing overseas administrative division of Denmark)
Diplomatic representation in the US 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)
none (self-governing overseas administrative division of Denmark)
Disputes - international Demarcation Line with North Korea; Liancourt Rocks/Take-shima/Tok-do disputed with Japan 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
Economic aid - donor ODA $200 million (2000) -
Economic aid - recipient - $135 million (annual subsidy from Denmark) (1998)
Economy - overview 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. 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.
Electricity - consumption 254.08 billion kWh (2000) 149.1 million kWh (2001)
Electricity - exports 0 kWh (2000) 0 kWh (2001)
Electricity - imports 0 kWh (2000) 0 kWh (2001)
Electricity - production 273.2 billion kWh (2000) 160.4 million kWh (2001)
Electricity - production by source fossil fuel: 61%


hydro: 1%


nuclear: 38%


other: 0% (2000)
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Elevation extremes lowest point: Sea of Japan 0 m


highest point: Halla-san 1,950 m
lowest point: Atlantic Ocean 0 m


highest point: Slaettaratindur 882 m
Environment - current issues air pollution in large cities; acid rain; water pollution from the discharge of sewage and industrial effluents; drift net fishing NA
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
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Ethnic groups homogeneous (except for about 20,000 Chinese) Scandinavian
Exchange rates 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) Danish kroner per US dollar - 6.5877 (2003), 7.89 (2002), 8.323 (2001), 8.083 (2000), 6.976 (1999)
Executive branch 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%
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
Exports $159.2 billion f.o.b. (2002 est.) NA (2001)
Exports - commodities electronic products, machinery and equipment, motor vehicles, steel, ships; textiles, clothing, footwear; fish fish and fish products 94%, stamps, ships (1999)
Exports - partners US 20.7%, China 12.1%, Japan 11.0%, Hong Kong 6.3%, Taiwan 3.9% (2001) Denmark 36.7%, UK 32.1%, Netherlands 6.1%, Nigeria 5.6%, Norway 5.4% (2003)
Fiscal year calendar year calendar year
Flag description 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 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)
GDP purchasing power parity - $931 billion (2002 est.) purchasing power parity - $1 billion (2001 est.)
GDP - composition by sector agriculture: 4%


industry: 42%


services: 54% (2002 est.)
agriculture: 27%


industry: 11%


services: 62% (1999)
GDP - per capita purchasing power parity - $19,400 (2002 est.) purchasing power parity - $22,000 (2001 est.)
GDP - real growth rate 5.8% (2002 est.) 10% (2001 est.)
Geographic coordinates 37 00 N, 127 30 E 62 00 N, 7 00 W
Geography - note strategic location on Korea Strait 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 204 (2002) -
Highways total: 87,534 km


paved: 65,388 km (including 1,996 km of expressways)


unpaved: 22,146 km (1999)
total: 463 km


paved: 454 km


unpaved: 9 km (1999)
Household income or consumption by percentage share lowest 10%: 3%


highest 10%: 25% (1998 est.)
lowest 10%: NA


highest 10%: NA
Imports $146.6 billion f.o.b. (2002 est.) NA (2001)
Imports - commodities machinery, electronics and electronic equipment, oil, steel, transport equipment, textiles, organic chemicals, grains machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999)
Imports - partners Japan 18.9%, US 15.9%, China 9.4%, Saudi Arabia 5.7%, Australia 3.9% (2001) Denmark 52.7%, Norway 22.5%, Iceland 4.7%, Germany 4.2%, UK 4% (2003)
Independence 15 August 1945 (from Japan) none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark)
Industrial production growth rate 6.5% (2002 est.) 8% (1999 est.)
Industries electronics, automobile production, chemicals, shipbuilding, steel, textiles, clothing, footwear, food processing fishing, fish processing, shipbuilding, construction, handicrafts
Infant mortality rate 7.58 deaths/1,000 live births (2002 est.) 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.)
Inflation rate (consumer prices) 2.8% (2002 est.) 5.1% (1999)
International organization participation 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 IMO (associate), NC, NIB, UPU
Internet Service Providers (ISPs) 11 (2000) -
Irrigated land 11,590 sq km (1998 est.) 0 sq km (1998 est.)
Judicial branch Supreme Court (justices are appointed by the president with the consent of the National Assembly) none
Labor force 22 million (2001) 24,250 (October 2000)
Labor force - by occupation services 69%, industry 22%, agriculture 10% (2001) fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34%
Land boundaries total: 238 km


border countries: North Korea 238 km
0 km
Land use arable land: 17.44%


permanent crops: 2.05%


other: 80.51% (1998 est.)
arable land: 2.14%


permanent crops: 0%


other: 97.86% (2001)
Languages Korean, English widely taught in junior high and high school Faroese (derived from Old Norse), Danish
Legal system combines elements of continental European civil law systems, Anglo-American law, and Chinese classical thought Danish
Legislative branch 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
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
Life expectancy at birth total population: 74.88 years


male: 71.2 years


female: 78.95 years (2002 est.)
total population: 79.05 years


male: 75.6 years


female: 82.51 years (2004 est.)
Literacy definition: age 15 and over can read and write


total population: 98%


male: 99.3%


female: 96.7% (1995 est.)
definition: NA


total population: NA


male: NA


female: NA


note: probably the same as Denmark proper
Location Eastern Asia, southern half of the Korean Peninsula bordering the Sea of Japan and the Yellow Sea Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway
Map references Asia Europe
Maritime claims 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
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
Merchant marine 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.)
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.)
Military - note - defense is the responsibility of Denmark
Military branches Army, Navy, Air Force, Marine Corps, National Maritime Police (Coast Guard) no regular military forces
Military expenditures - dollar figure $12.8 billion (FY00) NA
Military expenditures - percent of GDP 2.8% (FY00) NA
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 Liberation Day, 15 August (1945) Olaifest, 29 July
Nationality noun: Korean(s)


adjective: Korean
noun: Faroese (singular and plural)


adjective: Faroese
Natural hazards occasional typhoons bring high winds and floods; low-level seismic activity common in southwest NA
Natural resources coal, tungsten, graphite, molybdenum, lead, hydropower potential fish, whales, hydropower, possible oil and gas
Net migration rate 0 migrant(s)/1,000 population (2002 est.) 1.41 migrant(s)/1,000 population (2004 est.)
Pipelines petroleum products 455 km; note - additionally, there is a parallel petroleum, oils, and lubricants (POL) pipeline being completed -
Political parties and leaders 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
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]
Political pressure groups and leaders 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 NA
Population 48.324 million (July 2002 est.) 46,662 (July 2004 est.)
Population below poverty line 4% (2001 est.) NA
Population growth rate 0.85% (2002 est.) 0.66% (2004 est.)
Ports and harbors Chinhae, Inch'on, Kunsan, Masan, Mokp'o, P'ohang, Pusan, Tonghae-hang, Ulsan, Yosu Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur
Radio broadcast stations AM 104, FM 136, shortwave 5 (2001) AM 1, FM 13, shortwave 0 (1998)
Radios 47.5 million (2000) -
Railways total: 3,124 km


standard gauge: 3,124 km 1.435-m gauge (661 km electrified) (2000)
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Religions Christian 49%, Buddhist 47%, Confucianist 3%, Shamanist, Chondogyo (Religion of the Heavenly Way), and other 1% Evangelical Lutheran
Sex ratio 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.)
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.)
Suffrage 20 years of age; universal 18 years of age; universal
Telephone system 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)
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
Telephones - main lines in use 24 million (2000) 23,000 (2002)
Telephones - mobile cellular 28 million (September 2000) 30,700 (2002)
Television broadcast stations 121 (plus 850 repeater stations and the eight-channel American Forces Korea Network) (1999) 3 (plus 43 low-power repeaters) (September 1995)
Terrain mostly hills and mountains; wide coastal plains in west and south rugged, rocky, some low peaks; cliffs along most of coast
Total fertility rate 1.72 children born/woman (2002 est.) 2.22 children born/woman (2004 est.)
Unemployment rate 3.1% (2002 est.) 1% (October 2000)
Waterways 1,609 km


note: restricted to small native craft
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