South Korea Political & Economic Risk Rating

Time for policy action

A1

LOW RISK

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

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GDP USD1530.8bn (World ranking 12, World Bank 2017)
Population 51.5mn (World ranking 27, World Bank 2017)
Form of state Republic
Head of government Moon Jae-in (President)
Next elections 2020, legislative
  • Firmly established democracy
  • Advanced Economy with high per capita income
  • Sound Financial sector
  • Ample foreign exchange reserves
  • Low external debt
  • Strong business environment
  • Geopolitical risk stemming from North Korea
  • Economic vulnerabilities due to external dependency
  • Weak corporate governance
  • Ageing population

Trade structure by destination/origin

(% of total)

Exports Rank Imports
China 25%
1
21% China
United States 13%
2
12% Japan
Hong Kong 7%
3
11% United States
Vietnam 7%
4
5% Germany
Japan 5%
5
4% Taïwan (PRC)

Trade structure by product

(% of total)

Exports Rank Imports
Electrical machinery, apparatus and appliances, n.e.s. 19%
1
14% Petroleum, petroleum products and related materials
Road vehicles 13%
2
13% Electrical machinery, apparatus and appliances, n.e.s.
Telecommunication and sound recording apparatus 7%
3
4% Telecommunication and sound recording apparatus
Other transport equipment 7%
4
4% Specialised machinery
Petroleum, petroleum products and related materials 5%
5
4% Metalliferous ores and metal scrap

Contact Euler Hermes

Economic Research Team

research@eulerhermes.com

Contact Mahamoud Islam

Senior Economist for Asia

mahamoud.islam@eulerhermes.com

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