South Korea's Resources, International Trade, and National Income Accounts

1. Resources
Natural Resources 

• coal
• tungsten
• graphite
• Molybdenum
• hydropower potential 

Labor

• The working conditions are 40 ~ 44 hours a week. 
• The minimum wage was set at 4,320 won per hour, and 34,560 won per day (8 hours day).
• Labor force is 25.1 million (2011 est.)
• Agriculture: 6.4% 
• Industry: 24.2% 
• Services: 69.4% (2011 est.)
• South Korea is a market-based economy
• High technological industrialized economy

Capital

• Arable land: 16.58% 
• Permanent crops: 2.01% 
• Other: 81.41% (2005)

2. International Trade
Exports

• Export Amount: $556.5 billion (2011 est.)  
• To Whom: U.S.A, Japan, and China. 
• What Korea Exports: wireless telecommunications, equipment, motor vehicles, semiconductors, computers, steel, ships, petrochemicals.  

Imports

• Import Amount: $524.4 billion (2011 est.)
• To Whom: U.S.A, China, Japan, Saudi Arabia, and Australia (2011 est.)
• What Korea Imports: machinery, electronics and electronic equipment, oil, steel, transport equipment, organic chemicals, plastics

Exchange Rate

• South Korean won (KRW) per US dollar -1,107.3 (2011 est.)

3. National Income Accounts

Consumption

• Electricity consumption = 455.1 billion kWh2011 est.)
• Oil consumption = 2.195 million bbl/day (2011 est.) 
• Natural gas = 43 billion cu m (2010)
• Nuclear = 14% (2008 est)

Investment

• Current Account balance = $29.79 billion (2011 est.)
• Gross fixed = 25.9% of GDP (2011 est.)

Government  

• Lee Myung Bak is the current South Korean president
• There are three different branches: executive, judicial, and legislative branches
• The current structure is semi-presidential system
•  The South Korean civil service is large, and remains a largely closed system, although efforts at openness and reform are ongoing.

courtesy of Wikipedia and the CIA World Factbook