ocrats or ULD [KIM Hak-won, chairman]; Uri Party [LIM Chae-jung,
interim chairman]

Political pressure groups and leaders:
Federation of Korean Industries; Federation of Korean Trade Unions;
Korean Confederation of Trade Unions; Korean National Council of
Churches; Korean Traders Association; Korean Veterans' Association;
National Council of Labor Unions; National Democratic Alliance of
Korea; National Federation of Farmers' Associations; National
Federation of Student Associations

International organization participation:
AfDB, APEC, ARF, AsDB, ASEAN (dialogue partner), Australia Group,
BIS, CP, EBRD, FAO, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA,
IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, ISO,
ITU, LAIA, MIGA, MINURSO, NAM (guest), NEA, NSG, OAS (observer),
OECD, ONUB, OPCW, OSCE (partner), PCA, UN, UNCTAD, UNESCO, UNIDO,
UNMIL, UNMOGIP, UNOMIG, UPU, WCL, WCO, WHO, WIPO, WMO, WToO, WTO, ZC

Diplomatic representation in the US:
chief of mission: Ambassador HONG Seok-hyun
chancery: 2450 Massachusetts Avenue NW, Washington, DC 20008
consulate(s) general: Atlanta, Boston, Chicago, Honolulu, Houston,
Los Angeles, New York, San Francisco, and Seattle
consulate(s): New York, Tamuning (Guam)
FAX: [1] (202) 387-0205
telephone: [1] (202) 939-5600

Diplomatic representation from the US:
chief of mission: Ambassador Christopher R. HILL
embassy: 82 Sejong-no, Jongno-gu, Seoul 110-710
mailing address: American Embassy, Unit 15550, APO AP 96205-5550
telephone: [82] (2) 397-4114
FAX: [82] (2) 738-8845

Flag description:
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

Economy Korea, South

Economy - overview:
Since the early 1960s, South Korea has achieved an incredible
record of growth and integration into the high-tech modern world
economy. Four decades ago GDP per capita was comparable with levels
in the poorer countries of Africa and Asia. Today its GDP per capita
is 18 times North Korea's and equal to the lesser economies of the
European Union. This success through the late 1980s was achieved by
a system of close government/business ties, including directed
credit, import restrictions, sponsorship of specific industries, and
a strong labor effort. The government promoted the import of raw