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Mass Protests in South Korea Over Free Trade Deal

Yaiqab Saint · Monday, April 1st 2013 at 10:49AM · 525 views
I would like to add for those in favor of defending South Korea or Japan think about who really is getting played??? Also if you travel to Asia you would know that most Asian people despise Japan and South Koreans more than any other Oriental group of people. Don't believe me get on a plan and ask the residents themselves and ask them why? They will tell you because of their aggressive selfishness and haughtiness.

South Korea Export-Import Trade Statistics:

South Korea Country Fact Sheet
U.S. Ambassador to Korea: Mr. Sung Kim
Korean Ambassador to the United States: Choi Young-jin
PROFILE


Population: 49.0 million*
Capital: Seoul
Government: Republic
Next Election Scheduled: December 2012
Head of Government: Lee Myung-Bak (President)



--------------------------------------------------------------------------------

ECONOMY


2011 nominal GDP (Current US$ billions): 1,116.2*
2011 nominal GDP per capita (Current US$): 22,778*

2009 2010 2011

Real GDP Growth Rate (%) 0.3 6.3 3.6*
Real GDP Per Capita Growth Rate (%) 0.03 6.0 3.4*
CPI (%) 2.8 2.9 4.0
Unemployment Rate (%) 3.7 3.7 3.4*


Economic mix in 2010†: 58% services; 31% manufacturing; 3% agriculture


--------------------------------------------------------------------------------

FOREIGN MERCHANDISE TRADE (US$ billions)


2009 2010 2011

South Korea Exports to World 363.5 466.4 556.5
South Korea Imports from World 323.1 425.2 524.4
U.S. Exports to South Korea 28.6 38.8 43.4
U.S. Imports from South Korea 39.2 48.9 56.7
U.S. Trade Balance with South Korea -10.6 -10.0 -13.2



Rank as a U.S. Export Market in 2011: 7th largest (2.9% of U.S. exports)
Rank as source of U.S. Imports in 2011: 6th largest (2.6% of U.S. imports)
Rank of South Korea in total U.S. trade in 2011: 7th largest (2.7% of U.S. trade)
Principal U.S. Exports to South Korea in 2011: machinery (14%); electrical machinery (14%); medical instruments (7%); aircraft, spacecraft (6%); mineral fuel, oil (6%)
Principal U.S. Imports from South Korea in 2011: electrical machinery (28%); vehicles (21%); machinery (18%); mineral fuel, oil (5%); iron, steel (4%)


--------------------------------------------------------------------------------

FOREIGN DIRECT INVESTMENT (U.S.$ billions)**


2009 2010 2011

FDI into U.S. from South Korea (FP) 13.0 14.8 18.4
FDI into U.S. from South Korea (UBO) 14.4 16.2 18.3
U.S. FDI in South Korea 24.8 27.0 31.8


Principal suppliers of foreign investment to South Korea: United States, United Kingdom, Japan
BUSINESS CONDITIONS RANKINGS


World Bank Doing Business in 2013: 8 of 185 (8 in 2012).
Transparency International Corruption Perception Index 2011: 43 of 182 (39 of 178 in 2010).


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* IMF estimate; † World Bank data; ‡ Economist Intelligence Unit data, ‡• Economist Intelligence Unit estimate, ** FP, or foreign parent, measures direct foreign investment; UBO, or ultimate benefit owner, measures South Korean corporate and individual investment in the U.S. both directly, through South Korean parent companies, and indirectly, through third country intermediaries.

South Korea Country Fact Sheet
U.S. Ambassador to Korea: Mr. Sung Kim
Korean Ambassador to the United States: Choi Young-jin
PROFILE


Population: 49.0 million*
Capital: Seoul
Government: Republic
Next Election Scheduled: December 2012
Head of Government: Lee Myung-Bak (President)



--------------------------------------------------------------------------------

ECONOMY


2011 nominal GDP (Current US$ billions): 1,116.2*
2011 nominal GDP per capita (Current US$): 22,778*

2009 2010 2011

Real GDP Growth Rate (%) 0.3 6.3 3.6*
Real GDP Per Capita Growth Rate (%) 0.03 6.0 3.4*
CPI (%) 2.8 2.9 4.0
Unemployment Rate (%) 3.7 3.7 3.4*


Economic mix in 2010†: 58% services; 31% manufacturing; 3% agriculture


--------------------------------------------------------------------------------

FOREIGN MERCHANDISE TRADE (US$ billions)


2009 2010 2011

South Korea Exports to World 363.5 466.4 556.5
South Korea Imports from World 323.1 425.2 524.4
U.S. Exports to South Korea 28.6 38.8 43.4
U.S. Imports from South Korea 39.2 48.9 56.7
U.S. Trade Balance with South Korea -10.6 -10.0 -13.2



Rank as a U.S. Export Market in 2011: 7th largest (2.9% of U.S. exports)
Rank as source of U.S. Imports in 2011: 6th largest (2.6% of U.S. imports)
Rank of South Korea in total U.S. trade in 2011: 7th largest (2.7% of U.S. trade)
Principal U.S. Exports to South Korea in 2011: machinery (14%); electrical machinery (14%); medical instruments (7%); aircraft, spacecraft (6%); mineral fuel, oil (6%)
Principal U.S. Imports from South Korea in 2011: electrical machinery (28%); vehicles (21%); machinery (18%); mineral fuel, oil (5%); iron, steel (4%)


--------------------------------------------------------------------------------

FOREIGN DIRECT INVESTMENT (U.S.$ billions)**


2009 2010 2011

FDI into U.S. from South Korea (FP) 13.0 14.8 18.4
FDI into U.S. from South Korea (UBO) 14.4 16.2 18.3
U.S. FDI in South Korea 24.8 27.0 31.8


Principal suppliers of foreign investment to South Korea: United States, United Kingdom, Japan
BUSINESS CONDITIONS RANKINGS


World Bank Doing Business in 2013: 8 of 185 (8 in 2012).
Transparency International Corruption Perception Index 2011: 43 of 182 (39 of 178 in 2010).


--------------------------------------------------------------------------------

* IMF estimate; † World Bank data; ‡ Economist Intelligence Unit data, ‡• Economist Intelligence Unit estimate, ** FP, or foreign parent, measures direct foreign investment; UBO, or ultimate benefit owner, measures South Korean corporate and individual investment in the U.S. both directly, through South Korean parent companies, and indirectly, through third country intermediaries.


US-South Korean Trade Imbalance Data from US Senate Report:
Mass Protests in South Korea Over Free Trade Deal

About the Author

Yaiqab Saint Nassau County- Long Island (Strong Isl ), NY

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Comments (2)

Jen Fad Friday, April 5th 2013 at 9:45PM

Sorry that I'm just getting around to your blog. I am really sorry that the small businesses in Korea are going to be effected negatively just like the small businesses here particularly African American ones.

What do you propose the solution be? Stop trading with S. Korea?


ROBINSON IRMA Thursday, April 10th 2014 at 6:47PM

HI JAKE ANY UP DATES ON RUSSIA ?...I SEE CNN IS ASKING WHY IS RUSSIA NOT SAYING ANY THING ABOUT WHAT IS GOIN GON IN NORTH KOREA SO HOW IS RUSSIA TAKING THIS NEWS THAT WHAT IS BEING SAID ON CNN AND ON THECONSERVATIVE FOX ABOUT NK IS TRYING TO BLACKMAIL S KOREA INTO TH EFOOD AIDE THEY NEED...

I TAKE AS A GIVEN IF I KNOW ABOUT CHINA SAYING LESS THAN 2 YEARS AGO ABOUT ANY COUNTRY FORCING ANY REFUGEES INT CHINA WOULD LIVE TO REGRET IT OUR PRESIDENT KNOWS ABOUT IT AND IS USING IT TO HIS ADVANTAGE AGAINST BULLY TACTICS AND NK SOUNDING LIKE THECONSERVATIVES IN D.C....

AND, I AM SURE RUSSIA IS GOING TO SPEAK OUR ABOUT THEY DON'T LIKE AMERICA AND ARE TOTALLY AGAINST KERRY ON HIS WAY TO CHINA...AREN'T THEY JAKE?...OR HAVE THEY DECIDED TO GET IN BED WITH MR. OBAMA AS WELL???...

AS HARRY CAN SAY, WHAT SAY YOU JAKE ABOUT WHAT YOU ARE HEARING FROM RUSSIA? (SMILE)

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