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Economic Fundamentals

Economic Fundamentals

Solid Economic Fundamentals

Korea is the world’s 10th largest economy, with a value of approximately USD 1.6 trillion.
  • Sovereign
    Credit Rating
    Aa2
  • GDP
    10th
  • Trade
    6th

Manufacturing Powerhouse

The cornerstone of Korea’s dynamic economy is
its world-class manufacturing sector.
  • Sound &
    Robust Economy
    • Korea is the world’s 10th largest economy, with a value of approximately USD 1.6 trillion. Also, Korea’s economic fundamentals are solid, with its trade volume ranking 6th as of 2022, and with the 9th largest foreign exchange reserves in the world as of February 2023. The country’s stable economy continues to support business management and growth.

  • World's Best Digital
    Infrastructure
    • Korea has excellent ICT infrastructure and boasts one of the world’s highest percentage of households with access to the Internet. Korea is also a global leader in the ICT field leading the world in terms of high-speed internet penetration rate.

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