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Compare Monaco (2004) - Korea, South (2004)

Compare Monaco (2004) z Korea, South (2004)

 Monaco (2004)Korea, South (2004)
 MonacoKorea, South
Administrative divisions none; there are no first-order administrative divisions as defined by the US Government, but there are four quarters (quartiers, singular - quartier); Fontvieille, La Condamine, Monaco-Ville, Monte-Carlo 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: 15.5% (male 2,554; female 2,453)


15-64 years: 62.1% (male 9,860; female 10,165)


65 years and over: 22.4% (male 2,959; female 4,279) (2004 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 none rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish
Airports none; linked to the airport at Nice, France by helicopter service (2003) (2003 est.) 102 (2003 est.)
Airports - with paved runways - 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: 1.95 sq km


land: 1.95 sq km


water: 0 sq km
total: 98,480 sq km


land: 98,190 sq km


water: 290 sq km
Area - comparative about three times the size of The Mall in Washington, DC slightly larger than Indiana
Background Economic development was spurred in the late 19th century with a railroad linkup to France and the opening of a casino. Since then, the principality's mild climate, splendid scenery, and gambling facilities have made Monaco world famous as a tourist and recreation center. 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 9.36 births/1,000 population (2004 est.) 12.33 births/1,000 population (2004 est.)
Budget revenues: $518 million


expenditures: $531 million, including capital expenditures of NA (1995)
revenues: $135.5 billion


expenditures: $128.7 billion, including capital expenditures of $23.5 billion (2003)
Capital Monaco Seoul
Climate Mediterranean with mild, wet winters and hot, dry summers temperate, with rainfall heavier in summer than winter
Coastline 4.1 km 2,413 km
Constitution 17 December 1962 17 July 1948
Country name conventional long form: Principality of Monaco


conventional short form: Monaco


local long form: Principaute de Monaco


local short form: Monaco
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 euro (EUR) South Korean won (KRW)
Death rate 12.74 deaths/1,000 population (2004 est.) 6.13 deaths/1,000 population (2004 est.)
Debt - external NA (2000 est.) $130.3 billion (2003 est.)
Diplomatic representation from the US the US does not have an embassy in Monaco; the US Consul General in Marseille (France) is accredited to Monaco 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 Monaco does not have an embassy in the US


consulate(s) general: New York
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 none 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 NA -
Economy - overview Monaco, bordering France on the Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. In 2001, a major construction project extended the pier used by cruise ships in the main harbor. The principality has successfully sought to diversify into services and small, high-value-added, nonpolluting industries. The state has no income tax and low business taxes and thrives as a tax haven both for individuals who have established residence and for foreign companies that have set up businesses and offices. The state retains monopolies in a number of sectors, including tobacco, the telephone network, and the postal service. Living standards are high, roughly comparable to those in prosperous French metropolitan areas. Monaco does not publish national income figures; the estimates below are extremely rough. 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 NA kWh 270.3 billion kWh (2001)
Electricity - exports - 0 kWh (2001)
Electricity - imports NA kWh


note: electricity supplied by France
0 kWh (2001)
Electricity - production - 290.7 billion kWh (2001)
Elevation extremes lowest point: Mediterranean Sea 0 m


highest point: Mont Agel 140 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: Air Pollution, Air Pollution-Volatile Organic Compounds, Biodiversity, Climate Change, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands, Whaling


signed, but not ratified: Climate Change-Kyoto Protocol
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 French 47%, Monegasque 16%, Italian 16%, other 21% homogeneous (except for about 20,000 Chinese)
Exchange rates euros per US dollar - 0.8860 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999) 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: Prince RAINIER III (since 9 May 1949); Heir Apparent Prince ALBERT Alexandre Louis Pierre, son of the monarch (born 14 March 1958)


head of government: Minister of State Patrick LECLERCQ (since 5 January 2000)


cabinet: Council of Government is under the authority of the monarch


elections: none; the monarchy is hereditary; minister of state appointed by the monarch from a list of three French national candidates presented by the French Government
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; full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France 804,700 bbl/day (2001)
Exports - commodities - Semiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships, petrochemicals
Exports - partners - China 18.2%, US 17.8%, Japan 9%, Hong Kong 7.6% (2003)
Fiscal year calendar year calendar year
Flag description two equal horizontal bands of red (top) and white; similar to the flag of Indonesia which is longer and the flag of Poland which is white (top) and red 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 - $870 million (1999 est.) purchasing power parity - $857.8 billion (2003 est.)
GDP - composition by sector agriculture: NA


industry: NA


services: NA (2001 est.)
agriculture: 3.6%


industry: 36.4%


services: 60% (2003 est.)
GDP - per capita purchasing power parity - $27,000 (1999 est.) purchasing power parity - $17,800 (2003 est.)
GDP - real growth rate NA (2000 est.) 3.1% (2003 est.)
Geographic coordinates 43 44 N, 7 24 E 37 00 N, 127 30 E
Geography - note second-smallest independent state in the world (after Holy See); almost entirely urban strategic location on Korea Strait
Heliports 1 (shuttle service between the international airport at Nice, France, and Monaco's heliport at Fontvieille) (2003 est.) 206 (2003 est.)
Highways total: 50 km


paved: 50 km


unpaved: 0 km (1999 est.)
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; full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France 2.965 million bbl/day (2001)
Imports - commodities - machinery, electronics and electronic equipment, oil, steel, transport equipment, organic chemicals, plastics
Imports - partners - Japan 20.3%, US 13.9%, China 12.3%, Saudi Arabia 5.2% (2003)
Independence 1419 (beginning of the rule by the House of Grimaldi) 15 August 1945 (from Japan)
Industrial production growth rate NA 5.1% (2003 est.)
Industries tourism, construction, small-scale industrial and consumer products electronics, telecommunications, automobile production, chemicals, shipbuilding, steel
Infant mortality rate total: 5.53 deaths/1,000 live births


male: 6.4 deaths/1,000 live births


female: 4.61 deaths/1,000 live births (2004 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) NA (2000) 3.6% (2003 est.)
International organization participation ACCT, CE, FAO, IAEA, ICAO, ICC, ICCt (signatory), ICRM, IFRCS, IHO, IMO, Interpol, IOC, ITU, OPCW, OSCE, UN, UNCTAD, UNESCO, UNIDO, UNITAR, UPU, WHO, WIPO, WMO, WToO 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 NA sq km 11,590 sq km (1998 est.)
Judicial branch Supreme Court or Tribunal Supreme (judges appointed by the monarch on the basis of nominations by the National Council) 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 30,540 (January 1994) 22.92 million (2003)
Labor force - by occupation - agriculture 8.8%, industry 19.1%, services 72.1% (2001)
Land boundaries total: 4.4 km


border countries: France 4.4 km
total: 238 km


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


permanent crops: 0%


other: 100% (urban area) (2001)
arable land: 17.18%


permanent crops: 1.95%


other: 80.87% (2001)
Languages French (official), English, Italian, Monegasque Korean, English widely taught in junior high and high school
Legal system based on French law; has not accepted compulsory ICJ jurisdiction combines elements of continental European civil law systems, Anglo-American law, and Chinese classical thought
Legislative branch unicameral National Council or Conseil National (24 seats; 16 members elected by list majority system, 8 by proportional representation; to serve five-year terms)


elections: last held 9 February 2003 (next to be held NA February 2008)


election results: percent of vote by party - NA; seats by party - UNAM 21, UND 3
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: 79.42 years


male: 75.53 years


female: 83.5 years (2004 est.)
total population: 75.58 years


male: 71.96 years


female: 79.54 years (2004 est.)
Literacy definition: NA


total population: 99%


male: NA


female: NA
definition: age 15 and over can read and write


total population: 97.9%


male: 99.2%


female: 96.6% (2002)
Location Western Europe, bordering the Mediterranean Sea on the southern coast of France, near the border with Italy 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: 12 nm 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 none 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 France -
Military branches - Army, Navy, Air Force, Marine Corps, National Maritime Police (Coast Guard)
Military expenditures - dollar figure - $14.522 billion (FY03)
Military expenditures - percent of GDP - 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 National Day (Prince of Monaco Holiday), 19 November Liberation Day, 15 August (1945)
Nationality noun: Monegasque(s) or Monacan(s)


adjective: Monegasque or Monacan
noun: Korean(s)


adjective: Korean
Natural hazards NA occasional typhoons bring high winds and floods; low-level seismic activity common in southwest
Natural resources none coal, tungsten, graphite, molybdenum, lead, hydropower potential
Net migration rate 7.75 migrant(s)/1,000 population (2004 est.) 0 migrant(s)/1,000 population (2004 est.)
Pipelines - gas 1,433 km; refined products 827 km (2004)
Political parties and leaders National and Democratic Union or UND [Jean-Louis CAMPORA]; Union for Monaco or UPM (including National Union for the Future of Monaco or UNAM [leader NA] 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 32,270 (July 2004 est.) 48,598,175 (July 2004 est.)
Population below poverty line NA 4% (2001 est.)
Population growth rate 0.44% (2004 est.) 0.62% (2004 est.)
Ports and harbors Monaco Chinhae, Inch'on, Kunsan, Masan, Mokp'o, P'ohang, Pusan, Tonghae-hang, Ulsan, Yosu
Radio broadcast stations AM 1, FM NA, shortwave 8 (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 Roman Catholic 90% no affiliation 46%, Christian 26%, Buddhist 26%, Confucianist 1%, other 1%
Sex ratio at birth: 1.05 male(s)/female


under 15 years: 1.04 male(s)/female


15-64 years: 0.97 male(s)/female


65 years and over: 0.69 male(s)/female


total population: 0.91 male(s)/female (2004 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 21 years of age; universal 20 years of age; universal
Telephone system general assessment: modern automatic telephone system


domestic: NA


international: country code - 377; no satellite earth stations; connected by cable into the French communications system
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 33,700 (2002) 22.877 million (2003)
Telephones - mobile cellular 19,300 (2002) 33,591,800 (2003)
Television broadcast stations 5 (1998) 64 (additionally 119 Cable Operators; 239 Relay Cable Operators) (2004)
Terrain hilly, rugged, rocky mostly hills and mountains; wide coastal plains in west and south
Total fertility rate 1.76 children born/woman (2004 est.) 1.56 children born/woman (2004 est.)
Unemployment rate 3.1% (1998) 3.4% (2003 est.)
Waterways - 1,608 km


note: most navigable only by small craft (2004)
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