Republic of Korea


Wikipedia Country Information

South Korea ( listen), officially the Republic of Korea (Korean: 대한민국; Hanja: 大韓民國; Daehan Minguk listen; lit. "The Great Country of the Han People"), is a country in East Asia, constituting the southern part of the Korean Peninsula and lies east to the Asian mainland. The name Korea is derived from Goryeo, a dynasty which ruled in the Middle Ages. South Korea lies in the north temperate zone with a predominantly mountainous terrain. It comprises an estimated 50 million residents distributed over 99,392 km2 (38,375 sq mi). The capital and largest city is Seoul, with a population of 10 million.
Archaeology indicates that the Korean Peninsula was already inhabited starting from the Lower Paleolithic period (2.6 Ma–300 Ka). The history of Korea begins with the foundation of Gojoseon in 2333 BC by the legendary Dangun. Following the unification of the Three Kingdoms of Korea under Unified Silla in AD 668, Korea was subsequently ruled by the Goryeo Dynasty (918–1392) and the Joseon Dynasty (1392–1910). It was annexed by the Empire of Japan in 1910. At the end of World War II, Korea was divided into Soviet and U.S. zones of occupations. An election was held in the U.S. zone in 1948 which led to the creation of the Republic of Korea (ROK). Although the United Nations at the time passed a resolution declaring the ROK to be the only lawful government in Korea, the Soviets set up a rival government in the North.
The Korean War began in 1950 when forces from the North invaded the South. The war lasted three years and involved the U.S., China, the Soviet Union, and several other nations. The border between the two nations remains the most heavily fortified in the world. In the decades that followed, the South Korean economy grew significantly and the country was transformed into a G-20 major economy. Civilian government replaced military rule in 1987.
South Korea is a presidential republic consisting of 17 administrative divisions and is a developed country with the second highest standard of living in Asia, having an HDI of 0.909. It is Asia's fourth largest economy and the world's 11th (nominal) or 12th (purchasing power parity) largest economy. The economy is export-driven, with production focusing on electronics, automobiles, ships, machinery, petrochemicals and robotics. South Korea is a member of the ASEAN Plus mechanism, United Nations, Uniting for Consensus, G20, WTO, and OECD, and a founding member of APEC and the East Asia Summit.

Instruments ratified: 153 / 282
World Average Ratifications: 114 / 282
Ratification rate: 57.31%
World Average Rate: 41.25%
Weighted score: 63.37%
World Average Weighted Score: 41.25%
World rank: 30 / 194
Developing country rank: 2 / 87
Developing country Avg. Ratifications: 109 / 282
Eastern Asia rank: 2 / 5
Eastern Asia Avg. Ratifications: 135 / 282
Comparative Statistical Analysis
CONTRACTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Conflict of laws0/70.00%3.00%27Weak
E-commerce1/3 (33.33%)33.33%18.00%33Strong
Principles, trade usages and standards0/20.00%0.00%1Average
Sale of Goods1/5 (20.00%)45.45%25.00%29Strong
Travel contracts0/10.00%3.00%7Weak
CUSTOMSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Customs Codification2/3 (66.67%)100.00%78.00%1Strong
Customs Cooperation1/6 (16.67%)33.33%26.00%71Strong
Exemption from Duties3/9 (33.33%)25.93%30.00%89Weak
Temporary Admission6/11 (54.55%)52.94%28.00%42Strong
Transit1/4 (25.00%)27.27%28.00%62Weak
DISPUTE RESOLUTIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Arbitration2/6 (33.33%)50.00%32.00%29Strong
Judicial cooperation3/5 (60.00%)78.95%36.00%42Strong
Recognition of foreign judgments0/20.00%2.00%6Weak
State court jurisdiction0/40.00%14.00%29Weak
State court procedure0/10.00%6.00%12Weak
State immunities 0/10.00%11.00%22Weak
ENVIRONMENT AND PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air4/5 (80.00%)80.00%86.00%59Weak
Chemicals1/1 (100.00%)100.00%78.00%1Strong
Flora and fauna9/10 (90.00%)89.13%68.00%17Strong
Foodstuff2/2 (100.00%)100.00%79.00%1Strong
General1/1 (100.00%)100.00%95.00%1Weak
International watercourses0/10.00%18.00%36Weak
Maritime and Law of the Sea19/26 (73.08%)79.35%46.00%28Strong
Protected geographical areas 1/1 (100.00%)100.00%27.00%1Strong
Waste1/1 (100.00%)100.00%93.00%1Weak
FINANCE, PAYMENTS AND INSOLVENCYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Assignment of receivables0/10.00%1.00%2Weak
Bankruptcy and insolvency1/1 (100.00%)100.00%21.00%1Strong
Bills of exchange and promissory notes0/40.00%8.00%43Weak
Credit transfers0/10.00%0.00%1Average
International guarantees0/30.00%20.00%75Weak
GOOD GOVERNANCE Inst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Corruption3/4 (75.00%)75.00%50.00%6Strong
Cultural Property2/4 (50.00%)50.00%54.00%61Weak
Drugs3/3 (100.00%)100.00%95.00%1Weak
Insider Trading0/10.00%4.00%9Weak
Organized crime2/2 (100.00%)100.00%80.00%1Strong
HUMAN RIGHTS AND LABOUR STANDARDSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Human Rights7/7 (100.00%)100.00%96.00%1Weak
Labour Standards7/8 (87.50%)87.50%86.00%134Weak
INSTITUTIONAL PARTICIPATIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Dispute Resolution1/1 (100.00%)100.00%39.00%1Strong
International Trade Law 10/10 (100.00%)100.00%73.00%1Strong
Trade support institutions6/6 (100.00%)100.00%51.00%1Strong
INTELLECTUAL PROPERTYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Broadcasting1/1 (100.00%)100.00%47.00%1Strong
Copyright3/3 (100.00%)100.00%65.00%1Strong
Industrial designs2/2 (100.00%)100.00%31.00%1Strong
Integrated circuits0/10.00%2.00%4Weak
Neighboring Rights3/3 (100.00%)100.00%46.00%1Strong
Patents4/5 (80.00%)85.71%57.00%30Strong
Trademarks5/6 (83.33%)86.36%33.00%20Strong
Varieties of plants1/1 (100.00%)100.00%37.00%1Strong
INVESTMENTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Investment disputes1/2 (50.00%)50.00%39.00%2Strong
Investment guaranty1/1 (100.00%)100.00%93.00%1Weak
PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Marine Resources1/1 (100.00%)100.00%24.00%1Strong
Timber1/1 (100.00%)100.00%31.00%1Strong
General1/1 (100.00%)100.00%92.00%1Weak
TRANSPORT AND TELECOMMUNICATIONSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air transport3/7 (42.86%)52.38%59.00%110Weak
Aircrafts and civil aviation 5/9 (55.56%)76.00%74.00%80Weak
Maritime shipping and load lines 10/13 (76.92%)85.71%66.00%55Strong
Maritime transport3/12 (25.00%)20.83%27.00%103Weak
Multi modal transport 0/20.00%4.00%15Weak
Rail transport0/30.00%22.00%50Weak
Road transport0/40.00%31.00%86Weak
Space3/4 (75.00%)83.33%40.00%16Strong
Telecommunications2/2 (100.00%)100.00%47.00%1Strong
TREATIES LAWInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
General1/4 (25.00%)41.67%30.00%41Strong
WTOInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Plurilateral Agreements1/2 (50.00%)50.00%18.00%26Strong
WTO Agreements1/1 (100.00%)100.00%81.00%1Strong
Strengths and Weakness
ContractsSale of Goods
CustomsCustoms Codification
CustomsCustoms Cooperation
CustomsTemporary Admission
Dispute resolutionArbitration
Dispute resolutionJudicial cooperation
Environment and productsChemicals
Environment and productsFlora and fauna
Environment and productsFoodstuff
Environment and productsMaritime and Law of the Sea
Environment and productsProtected geographical areas
Finance, payments and insolvencyBankruptcy and insolvency
Good Governance Corruption
Good Governance Organized crime
Institutional ParticipationDispute Resolution
Institutional ParticipationInternational Trade Law
Institutional ParticipationTrade support institutions
Intellectual propertyBroadcasting
Intellectual propertyCopyright
Intellectual propertyIndustrial designs
Intellectual propertyNeighboring Rights
Intellectual propertyPatents
Intellectual propertyTrademarks
Intellectual propertyVarieties of plants
InvestmentsInvestment disputes
ProductsMarine Resources
Transport and telecommunicationsMaritime shipping and load lines
Transport and telecommunicationsSpace
Transport and telecommunicationsTelecommunications
Treaties lawGeneral
WTOPlurilateral Agreements
WTOWTO Agreements
ContractsPrinciples, trade usages and standards
Finance, payments and insolvencyCredit transfers
ContractsConflict of laws
ContractsTravel contracts
CustomsExemption from Duties
Dispute resolutionRecognition of foreign judgments
Dispute resolutionState court jurisdiction
Dispute resolutionState court procedure
Dispute resolutionState immunities
Environment and productsAir
Environment and productsEnergy
Environment and productsGeneral
Environment and productsInternational watercourses
Environment and productsWaste
Finance, payments and insolvencyAssignment of receivables
Finance, payments and insolvencyBills of exchange and promissory notes
Finance, payments and insolvencyCheques
Finance, payments and insolvencyInternational guarantees
Good Governance Cultural Property
Good Governance Drugs
Good Governance Insider Trading
Human Rights and Labour StandardsHuman rights
Human Rights and Labour StandardsLabour Standards
Intellectual propertyIntegrated circuits
Intellectual propertyOrigin
InvestmentsInvestment guaranty
Transport and telecommunicationsAir transport
Transport and telecommunicationsAircrafts and civil aviation
Transport and telecommunicationsMaritime transport
Transport and telecommunicationsMulti modal transport
Transport and telecommunicationsRail transport
Transport and telecommunicationsRoad transport
Instruments ratifications

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Historical Data

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