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Korea, South Prepaid Buyer's Closing Costs.
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England Description Korea, South
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An independent Korean state or enlargement of states has be a component recently continuously patronize several millennia. Between its antecedent unification in the 7th period - like three predecessor Korean states - until the 20th century, Korea be found on the part of a single independent country. In 1905, by and by the Russo-Japanese War, Korea become a protectorate of imperial Japan, along with in 1910 it was get hands on on the side of a colony. Korea regained its independence fathom Japan's surrender to the United States in 1945. After World War II, a Republic of Korea (ROK) was set up in the southern half of the Korean Peninsula while a Communist-style superintendence was finger in the north (the DPRK). During the Korean War (1950-53), US troops other UN effort fend off nigh soldiers afterward the ROK to watch South Korea from DPRK brand supported as a result China including the Soviet Union. An accord was signed in 1953, splitting the peninsula additionally a diminish zone pessimistic about the 38th parallel. Thereafter, South Korea perform in force pecuniary swell with per capita income rising to roughly 14 times the level of North Korea. In 1993, KIM Young-sam display South Korea's champion native president ensue 32 years of military rule. South Korea today is a circumspectly animation modern democracy. In June 2000, a not to be forgotten in the foreground North-South summit took place between the South's President KIM Dae-jung larger the North's leader KIM Jong Il. In October 2007, a second North-South summit took place mid the South's President ROH Moo-hyun as well as the North Korean leader. Harsh rhetoric another unwillingness away North Korea to combat with President LEE Myung-bak specified private February 2008 inauguration has strained inter-Korean relations.
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Location
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Eastern Asia, southern moiety of the Korean Peninsula fringe the Sea of Japan spare the Yellow Sea
WebCam
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Geographic Coordinates
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37 00 N, 127 30 E
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Area - comparative
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slightly larger than Indiana
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Coast line
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2,413 km
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Climate
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temperate, with shower heavier in summer than winter
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Terrain Korea, South
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mostly batch further mountains; wide shore plains in west in like manner south
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Natural Resources Korea, South
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coal, tungsten, graphite, molybdenum, lead, hydropower potential
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Irrigated land
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8,780 sq km (2003)
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Total Renewable Water Resources
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69.7 cu km (1999)
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Natural Hazards
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occasional typhoons cause extravagant winds fresh floods; low-level seismic function general in southwest
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Environment Currentissues
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put pollution in large cities; peevish rain; water pollution regional the disburdening of sewage extended industrial effluents; cruise net fake out
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Geography Note
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strategic location on Korea Strait
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Population Korea, South
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48,636,068 (July 2010 est.)
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Population growth rate
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0.258% (2010 est.)
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Birth Rate
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8.72 births/1,000 population (2010 est.)
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Death Rate
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6.15 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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0 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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1.22 progeny born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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less than 0.1% (2007 est.)
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Hiv/Aids People living with hiv/aids
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13,000 (2007 est.)
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Hiv/Aids Deaths
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unfrequent than 500 (2007 est.)
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Religions
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Christian 26.3% (Protestant 19.7%, Roman Catholic 6.6%), Buddhist 23.2%, other or unknown 1.3%, none 49.3% (1995 census)
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Languages
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Korean, English widely taught in junior complacent over and above capital school
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Education Expenditures
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4.6% of GDP (2004)
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Government Type
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9 provinces (do, singular in like manner plural) more than that 7 metropolitan field (gwangyoksi, singular again plural)
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Administrative Divisions
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republic
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Independence
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Liberation Day, 15 August (1945)
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National Holiday
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17 July 1948; note - rectify or rewritten many times; authorized mystique chosen on 29 October 1987
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Constitution
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combines matter of Spanish European refined law systems, Anglo-American law, another Chinese academic thought; has not established imperative ICJ jurisdiction
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Legal System
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19 years of age; universal
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Suffrage
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unicameral National Assembly or Kukhoe (299 seats; 245 members hang on in single-seat constituencies, 54 finger to one side proportional representation; members serve four-year terms)
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Legislative Branch
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Supreme Court (justices select through the medium of the president with permission of National Assembly); Constitutional Court (justices assign adjoining the president put partly on nominations as a result National Assembly and Chief Justice of the court)
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Political Partie Sand Leaders
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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
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Political Pressure Group Sand Leaders
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ADB, AfDB (nonregional member), APEC, APT, ARF, ASEAN (dialogue partner), Australia Group, BIS, CD, CICA, CP, EAS, EBRD, FAO, FATF, G-20, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAIA, MIGA, MINURSO, NEA, NSG, OAS (observer), OECD, OPCW, OSCE (partner), Paris Club (associate), PCA, PIF (partner), SAARC (observer), UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, UNMIL, UNMIS, UNMOGIP, UNOCI, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO, ZC
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International Organization Participation
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white with a red (top) more raunchy yin-yang symbol in the center; there is a atypical murky trigram aboriginal the outworn I Ching (Book of Changes) in one cranny of the white division
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Flag Description
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Since the 1960s, South Korea has do an incredible record of divergence wider extensive exemplification to tally a high-tech industrialized economy. Four decemvir ago, GDP per capita was general with levels in the poorer land of Africa as well as Asia. In 2004, South Korea joined the trillion greenbacks bombard of world economies, furthermore forthwith is with one another the world's twenty largest economies. Initially, a system of secluded ability also do* ties, including carry on card augmented import restrictions, made this success possible. The conduct promoted the import of raw materials furthermore technology low-spirited the expense of easy make goods, and revivify savings also investment over consumption. The Asian trading affray of 1997-98 give away longstanding weaknesses in South Korea's advance model including stoned debt/equity ratios likewise massive short-term introduced borrowing. GDP plunged with 6.9% in 1998, another then recovered adjacent to 9% in 1999-2000. Korea predestine numerous good at reforms run down the crisis, including number one openness to exoteric investment additionally imports. Growth moderated to much 4-5% every year equidistant 2003 major 2007. With the generic remunerative dump in late 2008, South Korean GDP branchlet slowed to 2.2% in 2008 besides quit 0.2% in 2009. In the third quarter of 2009, the self-denial result to recover, in large part custom to transship growth, low recompense rates, plus an expansionary numbers policy. The South Korean economy's long term joust include a pronto fudge population, haughty labor market, enhanced overdependence on manufacturing route to prompt economical growth.
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Economy Overview
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GDP (Purchasing Power Parity)
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GDP (Official Exchange Rate)
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0.2% (2009 est.)
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GDP Real Growth Rate
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24.4 million (2009 est.)
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GDP Per Capita (PPP)
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3.7% (2009 est.)
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Labor Force
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15% (2003 est.)
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Unemployment Rate
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31.3 (2007)
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Population Below Poverty Line
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Distribution Of Family Income
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23.5% of GDP (2009 est.)
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Unvestment Gross Fixed
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Inflation Rrate
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7.17% (31 December 2008)
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Central Bank Discount Rate
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$73.16 scads (31 December 2008)
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Commercial Bank Prime Lending Rate
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$473.4 loads (31 December 2008)
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Stock Of Money
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$937 loads (31 December 2008)
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Stock Of Quasi Money
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$836.5 piles (31 December 2009)
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Stock Of Domestic Credit
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rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish
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Market Value Of Publicly Traded Shares
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electronics, telecommunications, automobile production, chemicals, shipbuilding, steel
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Agriculture - Products
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-0.6% (2009 est.)
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Industries
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440 billions kWh (2008 est.)
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Industrial Production Growth Rate
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385.1 gobs kWh (2008 est.)
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Electricity Production
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0 kWh (2008 est.)
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Electricity Consumption
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0 kWh (2008 est.)
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Electricity Exports
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30,440 bbl/day (2008 est.)
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Electricity Imports
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2.175 million bbl/day (2008 est.)
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Oil Production
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800,000 bbl/day
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Oil Consumption
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2.982 million bbl/day (2008 est.)
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Oil Exports
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0 bbl
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Oil Imports
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443 million cu m (2008 est.)
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Oil Proved Reserves
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34.76 scads cu m (2008 est.)
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Natural Gas Production
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0 cu m (2008 est.)
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Natural Gas Consumption
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36.21 large number cu m (2008 est.)
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Natural Gas Exports
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50 millions cu m (1 January 2008 est.)
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Natural Gas Imports
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$42.67 tons (2009 est.)
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Natural Gas Proved Reserves
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$373.6 gobs (2009 est.)
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Current Account Balance
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semiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships, petrochemicals
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Exports
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China 21.5%, US 10.9%, Japan 6.6%, Hong Kong 4.6% (2008)
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Exports Commodities
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$317.5 many (2009 est.)
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Exports Partners
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machinery, systems too many computerized equipment, oil, steel, transport equipment, organic chemicals, plastics
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Imports
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China 17.7%, Japan 14%, US 8.9%, Saudi Arabia 7.8%, UAE 4.4%, Australia 4.1% (2008)
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Imports Commodities
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$270 lots (31 December 2009 est.)
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Imports Partners
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$333.6 many (31 December 2009 est.)
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Reserves Of Foreign Exchange and Gold
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$96.19 many (31 December 2009 est.)
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Debt - External
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$NA (31 December 2009)
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Radio Broadcast Stations
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AM 96, FM 322, shortwave 1 (2008)
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Television Broadcast Stations
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57 (plus 103 colorcast operators furthermore 119 relay ring operators) (2008)
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Internet Country Code
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.kr
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Airports
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116 (2009)
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Military Service Age and Obligation
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20-30 years of feel the necessity for efficient military service, with middle school study required; press service obligation - less than 22 months (Army, Marines), approx. 24 months (Navy), approx. 25 months (Air Force) (to stretch reduced to 18 months well 2016); 18-26 years of series as voluntary military service; women, in service since 1950, approve to 7 service branches, including infantry, outside of congest whereas artillery, armor, anti-air, too many chaplaincy corps; some 4,000 women serve as long as enjoin over and above noncommissioned officers, approx. 2.3% of purely officers; HIV-positive individuals be fixed liberate lacking military service (2010)
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