South Korea has a population of about 52 million people and a GDP per capita of approximately $33,000 USD in 2023. It is one of the most technologically advanced economies in Asia.
The economy is driven by semiconductors, consumer electronics, automotive, shipbuilding and chemicals. Korean consumers are demanding, trend-sensitive and increasingly interested in imported premium food, cosmetics and lifestyle products.
South Korea’s main imports include crude oil and natural gas, semiconductors, coal, machinery, chemicals and agricultural products. Korean-language labelling and certification for food, cosmetics and electrical products are important requirements to arrange with your importer.
Key cities include Seoul, the capital and centre of business and consumption; Incheon, with the main international airport and a large port; Busan, the largest container port; and Daegu as an important industrial city.

