INTRODUCTION The Korean flag is called "Taegeukgi" in Korean. Its design symbolizes the principles of the yin and yang in Oriental philosophy. The national flower of Korea is the mugunghwa (rose of sharon). The flower itself symbolic significance stems from the Korean word mugung, meaning immortality. The currency of Korea is won (1000 won equal to RM2.78)
MATRADE - SEOUL, SOUTH KOREAEmbassy of Malaysia(Trade & Investment Section)17th Floor, SC First Bank Building100, Gongpyeong-dongJongno-guSeoul 110-702Republic of Korea Mr. A. Rashid Mohd Zain
Economy Over the past several decades, the Republic of Korea has achieved a remarkably high level of economic growth South Korea is the United States seventh- largest trading partner and is the 15th- largest economy in the world. In early 1960s, The government carried out a currency reform, strengthened financial institutions, and introduced flexible economic planning
In the 1970s Korea began directing fiscal and financial policies toward promoting heavy and chemical industries, consumer electronics, and automobiles. In recent years, Koreas economy moved away from the centrally planned, government-directed investment model toward a more market-oriented one.
TRADE Bilateral trade between Malaysia and South Korea has been growing with total trade at US$12.7 billion last year compared with US$10.4 billion in 2005. South Korea and Malaysia agreed to push for a bilateral free trade agreement (FTA) and step up cooperation on energy and defense.
SOUTH KOREAN IMPORTS Imports: $417.9 billion (2010 est.)country comparison to the world: 10 machinery, electronics and electronic equipment, oil, steel, transport equipment, organic chemicals, plastics China 16.8%, Japan 15.3%, US 9%, Saudi Arabia 6.1%, Australia 4.6% (2009 est.)
SOUTH KOREAN EXPORTS Exports: $466.3 billion (2010 est.) country comparison to the world semiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships, petrochemi cals China 23.2%, US 10.1%, Japan 5.8%, Hong Kong 5.3% (2009 est.)
South Korea - Imports from Malaysia 5000 4000Millions of Malaysian Ringgit 3000 2000 1000 0 Mineral Fuel, Oil Et Machinery Organic Chemicals Wood Iron And Steel Electrical Machinery Fats And Oils Rubber Tin + Articles There Misc. Chemical Produ January - April 2011
South Korea - Exports to Malaysia 1500Millions of Malaysian Ringgit 1000 500 0 Electrical Machinery Iron And Steel Mineral Fuel, Oil Et Vehicles, Not Railwa Rubber Optic,Nt 8544;Med In Machinery Plastic Copper+Articles Ther Organic Chemicals January - April 2011