Korea, Rep has a population of 50 million people, and a land mass of 97 000 km2. Life expectancy is 81 years, and with a per capita GDP of USD 27538, the country is classified as a high income country. The country's GDP grew in 2016 with 2.8%, and totaled a nominal value of USD 1411.2 billion.
Korea, Rep is ranked at place 5 in the World Bank Doing Business Index, out of 189 countries in total. On Transparency International's corruption perception index, Korea, Rep is ranked at place 37, out of 167 countries in total.
Norwegian exports to Korea, Rep in 2016 were NOK 10.736 billion. The same year, Norway imported goods from Korea, Rep at a value of 17.094 billion.