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Korea (South)

(REPUBLIC OF KOREA)
(WIPO code: KR)
(last revised May 2024)
by KOREANA PATENT FIRM, Seoul – Mr. YoonMin Lee, Mr. SungJin Hong, Patent Attorneys

Present Situation

Korea, comprising a total area of 223,705 sq. km and a population of 77,136,038 (estimated 2022), was occupied and divided into two zones as a result of a war, which began on June 25, 1950, and lasted until an armistice was signed on July 27, 1953.

Zone I: The South Koreans formed the Republic of Korea in May 1948, with Seoul as the capital. The republic was formally proclaimed on August 15, 1948.

Zone II: The North Koreans formed the Democratic People’s Republic of Korea in May 1948, with Pyongyang as the capital. North Korea -DPRK was formally proclaimed on September 9, 1948.

Area

100,491 sq. km.

Population

51,439,038.

Capital

Seoul with 9,428,372 (estimated 2022).

Currency

won.

Official Language

Korean.

Gross national income

(2022): U.S.$ 1,697 billion.

Imports

(2022): U.S.$ 731,369 million.

Exports

(2022): U.S.$ 683,584 million.

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