her political or pressure groups:
Korean National Council of Churches; National Democratic Alliance of Korea;
National Council of College Student Representatives; National Federation of
Farmers' Associations; National Council of Labor Unions; Federation of
Korean Trade Unions; Korean Veterans' Association; Federation of Korean
Industries; Korean Traders Association
Member of:
AfDB, APEC, AsDB, CCC, COCOM, CP, EBRD, ESCAP, FAO, G-77, GATT, IAEA, IBRD,
ICAO, ICC, ICFTU, IDA, IFAD, IFC, IMF, ILO, IMF, INMARSAT, INTELSAT,
INTERPOL, IOC, IOM, ISO, ITU, LORCS, OAS, UN, UNCTAD, UNESCO, UNIDO, UPU,
WHO, WIPO, WMO, WTO
Diplomatic representation:
Ambassador HYUN Hong Joo; Chancery at 2370 Massachusetts Avenue NW,
Washington, DC 20008; telephone (202) 939-5600; there are Korean Consulates
General in Agana (Guam), Anchorage, Atlanta, Chicago, Honolulu, Houston, Los
Angeles, New York, San Francisco, and Seattle
US:
Ambassador Donald P. GREGG; Embassy at 82 Sejong-Ro, Chongro-ku, Seoul,
AMEMB, Unit 15550 (mailing address is APO AP 96205-0001); telephone [82] (2)
732-2601 through 2618; FAX [82] (2) 738-8845; there is a US Consulate in
Pusan
Flag:
white with a red (top) and blue yin-yang symbol in the center; there is a
different black trigram from the ancient I Ching (Book of Changes) in each
corner of the white field

:Korea, South Economy

Overview:
The driving force behind the economy's dynamic growth has been the planned
development of an export-oriented economy in a vigorously entrepreneurial
society. Real GNP has increased more than 10% annually over the past six
years. This growth has led to an overheated situation characterized by a
tight labor market, strong inflationary pressures, and a rapidly rising
current account deficit. Policymakers have stated they will focus attention
on slowing inflation. In any event, the economy will remain the envy of the
great majority of the world's peoples.
GNP:
purchasing power equivalent - $273 billion, per capita $6,300; real growth
rate 8.7% (1991 est.)
Inflation rate (consumer prices):
9.7% (1991)
Unemployment rate:
2.4% (1991)
Budget:
revenues $44 billion; expenditures $44 billion, including capital
expenditures of $NA (1992)
Exports:
$71.9 billion (f.o.b., 1991)
commodities:
textiles, clothing, electronic and electrical equipmen