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Compare Korea, South (2006) - Faroe Islands (2004)

Compare Korea, South (2006) z Faroe Islands (2004)

 Korea, South (2006)Faroe Islands (2004)
 Korea, SouthFaroe Islands
Administrative divisions 9 provinces (do, singular and plural) and 7 metropolitan cities (gwangyoksi, singular and plural)


provinces: Cheju-do, Cholla-bukto (North Cholla), Cholla-namdo (South Cholla), Ch'ungch'ong-bukto (North Ch'ungch'ong), Ch'ungch'ong-namdo (South Ch'ungch'ong), Kangwon-do, Kyonggi-do, Kyongsang-bukto (North Kyongsang), Kyongsang-namdo (South Kyongsang)


metropolitan cities: Inch'on-gwangyoksi (Inch'on), Kwangju-gwangyoksi (Kwangju), Pusan-gwangyoksi (Pusan), Soul-t'ukpyolsi (Seoul), Taegu-gwangyoksi (Taegu), Taejon-gwangyoksi (Taejon), Ulsan-gwangyoksi (Ulsan)
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: 18.9% (male 4,844,083/female 4,368,139)


15-64 years: 71.9% (male 17,886,148/female 17,250,862)


65 years and over: 9.2% (male 1,818,677/female 2,678,914) (2006 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 107 (2006) 1 (2003 est.)
Airports - with paved runways total: 69


over 3,047 m: 3


2,438 to 3,047 m: 21


1,524 to 2,437 m: 14


914 to 1,523 m: 11


under 914 m: 20 (2006)
total: 1


914 to 1,523 m: 1 (2004 est.)
Airports - with unpaved runways total: 38


914 to 1,523 m: 3


under 914 m: 35 (2006)
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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 Korea was an independent kingdom for much of its millennia-long history. 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 of Korea (ROK) was set up in the southern half of the Korean Peninsula while a Communist-style government was installed in the north (the DPRK). During the Korean War (1950-53), US troops and UN forces fought alongside soldiers from the ROK to defend South Korea from DPRK attacks supported by China and the Soviet Union. An armistice was signed in 1953, splitting the peninsula along a demilitarized zone at about the 38th parallel. Thereafter, South Korea achieved rapid economic growth with per capita income rising to roughly 14 times the level of North Korea. In 1993, KIM Yo'ng-sam became South Korea's first civilian president following 32 years of military rule. 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 Dae-jung and the North's leader KIM Jong 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 10 births/1,000 population (2006 est.) 13.89 births/1,000 population (2004 est.)
Budget revenues: $195 billion


expenditures: $189 billion; including capital expenditures of $NA (2005 est.)
revenues: $488 million


expenditures: $484 million, including capital expenditures of $21 million (1999)
Capital name: Seoul


geographic coordinates: 37 34 N, 127 00 E


time difference: UTC+9 (14 hours ahead of Washington, DC during Standard Time)
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 17 July 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: Han'guk


abbreviation: ROK
conventional long form: none


conventional short form: Faroe Islands


local long form: none


local short form: Foroyar
Currency - Danish krone (DKK)
Death rate 5.85 deaths/1,000 population (2006 est.) 8.68 deaths/1,000 population (2004 est.)
Debt - external $153.9 billion (2005 est.) $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 Alexander VERSHBOW


embassy: 32 Sejong-no, Jongno-gu, Seoul 110-710


mailing address: US Embassy Seoul, Unit 15550, APO AP 96205-5550


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 LEE Tae-sik


chancery: 2450 Massachusetts Avenue NW, Washington, DC 20008


telephone: [1] (202) 939-5600


FAX: [1] (202) 387-0205


consulate(s) general: Agana (Guam), Atlanta, Boston, Chicago, Honolulu, Houston, Los Angeles, New York, San Francisco, Seattle
none (self-governing overseas administrative division of Denmark)
Disputes - international Military Demarcation Line within the 4-km wide Demilitarized Zone has separated North from South Korea since 1953; periodic maritime disputes with North Korea over the Northern Limit Line; South Korea and Japan claim Liancourt Rocks (Tok-do/Take-shima), occupied by South Korea since 1954 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, $423.3 million (2004) -
Economic aid - recipient - $135 million (annual subsidy from Denmark) (1998)
Economy - overview Since the early 1960s, South Korea has achieved an incredible record of growth and integration into the high-tech modern world economy. Four decades ago, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies. Today its GDP per capita is equal to the lesser economies of the EU. 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. GDP plunged by 6.9% in 1998, then recovered 9.5% in 1999 and 8.5% in 2000. Growth fell back to 3.3% in 2001 because of the slowing global economy, falling exports, and the perception that much-needed corporate and financial reforms had stalled. Led by consumer spending and exports, growth in 2002 was an impressive 7%, despite anemic global growth. Between 2003 and 2005, growth moderated to about 4%. A downturn in consumer spending was offset by rapid export growth. In 2005, the government proposed labor reform legislation and a corporate pension scheme to help make the labor market more flexible, and new real estate policies to cool property speculation. Moderate inflation, low unemployment, an export surplus, and fairly equal distribution of income characterize this solid economy. 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 321.1 billion kWh (2004) 149.1 million kWh (2001)
Electricity - exports 0 kWh (2004) 0 kWh (2001)
Electricity - imports 0 kWh (2004) 0 kWh (2001)
Electricity - production 342.1 billion kWh (2004) 160.4 million kWh (2001)
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, 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 homogeneous (except for about 20,000 Chinese) Scandinavian
Exchange rates South Korean won per US dollar - 1,024.1 (2005), 1,145.3 (2004), 1,191.6 (2003), 1,251.1 (2002), 1,291 (2001) 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 Moo-hyun (since 25 February 2003)


head of government: Prime Minister HAN Myeong-sook (since 20 April 2006); Deputy Prime Ministers KIM Woo-sik (since 10 February 2006); KWON O-kyu (since 18 July 2006); KIM Shin-il (since 20 September 2006)


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 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: ROH Moo-hyun elected president; percent of vote - ROH Moo-hyun (MDP) 48.9%; LEE Hoi-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 645,200 bbl/day (2004) NA (2001)
Exports - commodities semiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships, petrochemicals fish and fish products 94%, stamps, ships (1999)
Exports - partners China 21.8%, US 14.6%, Japan 8.5%, Hong Kong 5.5% (2005) 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 - $1 billion (2001 est.)
GDP - composition by sector agriculture: 3.3%


industry: 40.3%


services: 56.3% (2005 est.)
agriculture: 27%


industry: 11%


services: 62% (1999)
GDP - per capita - purchasing power parity - $22,000 (2001 est.)
GDP - real growth rate 4% (2005 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 540 (2006) -
Highways - total: 463 km


paved: 454 km


unpaved: 9 km (1999)
Household income or consumption by percentage share lowest 10%: 2.9%


highest 10%: 25% (2005 est.)
lowest 10%: NA


highest 10%: NA
Imports 2.263 million bbl/day (2004) NA (2001)
Imports - commodities machinery, electronics and electronic equipment, oil, steel, transport equipment, organic chemicals, plastics machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999)
Imports - partners Japan 18.5%, China 14.8%, US 11.8%, Saudi Arabia 6.2% (2005) 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 5.9% (2005 est.) 8% (1999 est.)
Industries electronics, telecommunications, automobile production, chemicals, shipbuilding, steel fishing, fish processing, shipbuilding, construction, handicrafts
Infant mortality rate total: 6.16 deaths/1,000 live births


male: 6.54 deaths/1,000 live births


female: 5.75 deaths/1,000 live births (2006 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% (2005 est.) 5.1% (1999)
International organization participation AfDB, APEC, APT, ARF, AsDB, ASEAN (dialogue partner), Australia Group, BIS, CP, EAS, EBRD, FAO, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITU, LAIA, MIGA, NEA, NSG, OAS (observer), OECD, ONUB, OPCW, OSCE (partner), PCA, PIF (partner), UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIL, UNMIS, UNMOGIP, UNOMIG, UPU, WCL, WCO, WHO, WIPO, WMO, WToO, WTO, ZC IMO (associate), NC, NIB, UPU
Irrigated land 8,780 sq km (2003) 0 sq km (1998 est.)
Judicial branch 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) none
Labor force 23.53 million (2005 est.) 24,250 (October 2000)
Labor force - by occupation agriculture: 6.4%


industry: 26.4%


services: 67.2% (2005 est.)
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: 16.58%


permanent crops: 2.01%


other: 81.41% (2005)
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 (299 seats - members elected for four-year terms; 243 in single-seat constituencies, 56 by proportional representation)


elections: last held 15 April 2004 (next to be held in April 2008; byelections held on 30 April 2005 and on 26 October 2005)


election results: percent of vote by party - Uri 51%, GNP 41%, DLP 3%, DP 3%, others 2%; seats by party - Uri 144, GNP 127, DP 11, DLP 9, ULD 3, independents 5


note: percent of vote is for 2004 general election; seats by party reflect results of April and October 2005 byelections involving six and four seats respectively; MDP became DP in May 2005; United Liberal Democrats (ULD) merged with GNP in February 2006. (2006)
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: 77.04 years


male: 73.61 years


female: 80.75 years (2006 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: 97.9%


male: 99.2%


female: 96.6% (2002)
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 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
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: 669 ships (1000 GRT or over) 8,634,188 GRT/13,733,624 DWT


by type: bulk carrier 157, cargo 193, chemical tanker 98, container 81, liquefied gas 22, passenger 5, passenger/cargo 24, petroleum tanker 57, refrigerated cargo 17, roll on/roll off 6, specialized tanker 3, vehicle carrier 6


foreign-owned: 22 (France 12, Japan 1, UK 2, US 7)


registered in other countries: 365 (Belize 4, Cambodia 23, China 2, Cyprus 1, Georgia 1, Honduras 6, Hong Kong 6, Indonesia 1, Liberia 3, Malaysia 1, Malta 6, Marshall Islands 1, Panama 291, Singapore 17, unknown 2) (2006)
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, Republic of Korea Air Force (Han-guk Kong Goon), Marine Corps, National Maritime Police (coast guard) (2006) no regular military forces
Military expenditures - dollar figure $21.06 billion FY05 (2005 est.) NA
Military expenditures - percent of GDP 2.6% FY05 (2005 est.) NA
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 (2006 est.) 1.41 migrant(s)/1,000 population (2004 est.)
Pipelines gas 1,482 km; refined products 827 km (2006) -
Political parties and leaders Democratic Labor Party or DLP [MOON Seong-hyun]; Democratic Party or DP [HAHN Hwa-kap]; Grand National Party or GNP [KANG Jae-sup]; People-Centered Party or PCP [SHIN Kook-hwan]; Uri Party [KIM Geun-tae] 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 48,846,823 (July 2006 est.) 46,662 (July 2004 est.)
Population below poverty line 15% (2003 est.) NA
Population growth rate 0.42% (2006 est.) 0.66% (2004 est.)
Ports and harbors - Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur
Radio broadcast stations AM 61, FM 150, shortwave 2 (2005) AM 1, FM 13, shortwave 0 (1998)
Railways total: 3,472 km


standard gauge: 3,472 km 1.435-m gauge (1,361 km electrified) (2005)
-
Religions no affiliation 46%, Christian 26%, Buddhist 26%, Confucianist 1%, other 1% Evangelical Lutheran
Sex ratio at birth: 1.08 male(s)/female


under 15 years: 1.11 male(s)/female


15-64 years: 1.04 male(s)/female


65 years and over: 0.68 male(s)/female


total population: 1.01 male(s)/female (2006 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 19 years of age; universal 18 years of age; universal
Telephone system general assessment: excellent domestic and international services


domestic: NA


international: country code - 82; 10 fiber-optic submarine cables - 1 Korea-Russia-Japan, 1 Korea-Japan-Hong Kong, 3 Korea-Japan-China, 1 Korea-Japan-China-Europe, 1 Korea-Japan-China-US-Taiwan, 1 Korea-Japan-China, 1 Korea-Japan-Hong Kong-Taiwan, 1 Korea-Japan; satellite earth stations - 3 Intelsat (1 Pacific Ocean and 2 Indian Ocean) and 3 Inmarsat (1 Pacific Ocean and 2 Indian Ocean)
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 23.745 million (2005) 23,000 (2002)
Telephones - mobile cellular 38.342 million (2005) 30,700 (2002)
Television broadcast stations terrestrial stations 43; cable operators 59; relay cable operators 190 (2005) 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 1.27 children born/woman (2006 est.) 2.22 children born/woman (2004 est.)
Unemployment rate 3.7% (2005 est.) 1% (October 2000)
Waterways 1,608 km (most navigable only by small craft) (2006) -
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