What are the economic differences between North and South Korea?

What are the economic differences between North and South Korea?

In 2019, South Korea’s nominal gross domestic product (GDP) amounted to around 1,919 trillion South Korean won, compared to that of North Korea which was approximately 35.28 trillion South Korean won. With this, South Korea’s nominal GDP was around 54 times greater than that of North Korea.

What separates North Korea and South Korea?

demilitarized zone (DMZ), region on the Korean peninsula that demarcates North Korea from South Korea. It roughly follows latitude 38° N (the 38th parallel), the original demarcation line between North Korea and South Korea at the end of World War II.

What are the similarities between North and South Korea?

The key difference between North Korea and South Korea is that North Korea has a Communist Dictatorial form of government while South Korea has a Republican form of government. North Korea and South Korea are the two countries that reside in the Korean Peninsula .

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How big is North Korea compared to South Korea?

North Korea is around the same size as South Korea. South Korea is approximately 99,720 sq km, while North Korea is approximately 120,538 sq km. Meanwhile, the population of South Korea is ~51 million people (26 million fewer people live in North Korea). This to-scale map shows a size comparison of South Korea compared to North Korea.

What is the line between North and South Korea?

The Military Demarcation Line (MDL), sometimes referred to as the Armistice Line, is the land border or demarcation line between North Korea and South Korea. On either side of the line is the Korean Demilitarized Zone (DMZ). The MDL and DMZ were established by the Armistice at the end of the Korean War in 1953.

What is the relationship between the US and South Korea?

The United States and South Korea have a strong relationship, mainly because both countries despise North Korea, which is to South Korea’s immediate north.

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