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Economic Indicators for South Korea including actual values historical data charts an economic calendar timeseries statistics business news long term forecasts and shortterm predictions for South Korea
East AsiaSoutheast Asia Korea Republic of Korea ROK was set up in the southern half of the Korean Peninsula while a communiststyle government was installed in the north Democratic Peoples Republic of Korea DPRK exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in
The number is higher than both January and February export totals and consistent with a recent trend which saw North Korea export more coal to its neighbor in order to combat low commodity prices Chinese traders paid their North Korean counterparts over 88 million for the coal in June a 14 million increase over the previous month
1Estimates by the Bank of Korea used Republic of Korea prices and valueadded ratios Where necessary values have been converted from Republic of Korea won KRW to US dollars US at an annual average exchange rate of KRW1094US100 for 2013 and KRW1052US100 for 2014 for 14 In 2014 the value of nonfuel mineral imports alone
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Coal iron ore and molybdenum are found in South Korea but not in large quantities and mining operations are on a small scale Much of South Koreas minerals and ore are imported from other countries Most South Korean coal is lowgrade anthracite that is only used for heating homes and boilers Construction
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China appears to be trying to stockpile mineral resources at affordable prices Cho added North Korean anthracites were traded at an average of 101 per ton whereas the international standard for quality anthracites is 200 per ton
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The biggest recent economic setback for North Korea has come from a sharp fall in the price of coal its main export product and a slowdown in China its sole major trading partner The South Korean central bank said the North''s external trade was valued at 625 billion in 2015down 18 from a year earlier
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North Korea''s mineral exports to China have tripled this year compared to a year ago a study showed Sunday A joint study of Chinese data by Yonhap News Agency and Seoulbased IBK Economic Research Institute showed that China imported 842 million tons of minerals from North Korea from January to September this year worth US852 million
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