C R E T R I C 1 E r V.L.J IV . L I \s1 p g15 1 Cy 1 Report No. FE- 55 They do not accept responsibili-y forisacnc o opeees Thereot . Tk ~ ~ ~ ~ v'-."---n....... not be published nor may it be quoted as representing their views. INTrRNATIrONAL BAMW ErC PRECONSTRUCTION ADT) TPVT ,PM.T IMTrPNP ATT CNT AT lPVTVT O PME.NT A C)T A AS TTCOtNT THE ECONOMY C)F KO:REA (in eight volumes) VOLUME VIII STATISTICAL APP:ENDIX June 17, 1966 1pot r f 1,1h Frtp n Far East Departnient CURRENCYr EQUIVALENTS U.S. $1.00 Won 270 Won 1. 000 U.S. $3. 70 Won 1, 000, 000 U. S. $3, 703.70 This report is based on the findings of a hission which visited Korea in November and December, of 1965. The M¢;ission was composed of the following members: Ravi 1. Gulhati Chief Cornelis J. A. jansen General Economist Oktay Yenal ]¸ioney & Public Finance Alexanlder Nowicki4 Industrv i1i. ShaCfi Niaz (FAO) Agriculture W. F. Doucet (FAO) Fisheries RobertWaedo (ACrtot IT).j Lttle Industrv Remed --:Los Crofoot- S ecretary STATISTICAL APPENDIX TalDle lNo. 1 External Nedium- and Long-Term Debt Outstanding Tnnl uding UIndisbursed as of June 30, 1965 with Major Reported Additions July 1 - September 9, 1965. 2 Estimated Contractual Service Payments on External M.edilum- nnd Long-Term Debt Outstanding Including Undisbursed as of June 30, 1965 With Major Reported Additions July 1 - September 9. 1965. 3 Offlcial ron Rkceiveri hb the Plblic and Private Sector in Korea by Source (commitments as of 4 Offlc-lal L.41 Recei hv r b .he Pi-ihlc and Private Sector in Korea (commitments as of November 1965) uby Purpose of the ar. 5 Suppliers' Credits ( as of _ovember 1965 by Source. 6 Suppliers' Credits (commitments as of November 1965) by T'ype of Plant or Equipment. 7 Expenditure on Gross National Product. (At current market prices) 8 EXpenditure on Gross National Product. (At 1960 constant market prices) 9 Industrial Origin of Gross National Producu. (At constant market prices) 10 Industrial Origin of Gross National Product. (At current market prices) 11 Composition of Gross Domestic Capital Formation (By Industrial Use) (At current market prices). 12 Composition of Gross Domestic Capital Formation (By Industrial Use) (At 1960 constant market prices). 13 Savings and Investment (At current market prices). 14 Distribution of National Income (At current market prices ). 15 Composition of Private Consumption Expenditure (At current market prices). STATISTICAL APPEIIDIX (2) Table No. 16 Bailance of Payments: Current Accocunt. 17 The Financing of the Current Account Deficit. 18 External Assets. 19 Official Exchange Rates of Won to U.S. Dollar. 20 Exchange Rate Actually Employed in External Transactions. 21 Composition of Exports. 22 Composition of Inports. 23 Imports (c.i.f.) by Source of Funds. Table 1 KOREA - External Medium- and Lon T / Debt Outstanding Including Undasbursed as of June 30, 1965 -with Major Reporteu Additions July 1 - September 9, 1965 Debt Repayable in Foreign Currency (In thousands of U.S. dollar equivalents) Debt outstanding lvIajor reported June 30, 1965 additions Item Net of including July 1 - undisbursed undisbursed September 9, 1961- TOTAL EXTERNAL DEBT 81,497 313,129 2,0CO Privately-placed debt 2A27 128,610 Repayment guaranteed 25 33 10b.952 Guaranteed for exchange transfer only 1K891 19.658 IDA credit 139L .ooo IT Q Gcvernmer,t loans - AID an 689 2,000 .Loans from c,ther governm.ets 9 696 2830 Germany -27430 UnLted Kin,gdom I 1. 4l 1T/DebZt with an original or extended maturity of one year or more, Statistics Division BRDEcon[ILLoMics D£epartmeUnt January 11, 1966 Table 2 KOREA - Estimated Contractual Service Payments on External Medium- and Long-Term Debt Outstanding including UndisbUUsed as of June 30, 1965 Wirith Major Reported Additions July 1 - September 9, 1965 1/ Debt Repayable in Foreign Currency (In thousands of U.S. dollar equivalents) Page 1 Grand Total Debt out- standing (Begin of Period) Payments During Period including Amorti- In- Year undisbursed zation terest Total 1965 298,633 2/ 7,266 1,520 8,786 1966 29L.326 83ic3 J836 12-939 1967 286,223 13,870 7,758 21,629 1968 272,352 15,961 7,070 23,031 1969 256,391 17,430 6,303 23,733 19Q70 2389 1 1( R1 9 U wAK 1, 17R 1971 226,315 13,059 4,714 1.7,774 1972 212,322 11,969 9h,o52 16,021 1973 200,353 12,601 3,472 16,073 1974 18Q7,75 11 8 2,89 -I 1, S 1975 176,265 8,876 2,546 11,423 107A l6A7 QJAC 4)I- f1 1 lr 1977 157,525 9,087 2,961 12,049 107R oI_J 1.1 ', I.r~r -!ffn ',7 -in~ ,'inn /14- , C)'J I ,LV I L.4- J 1979 140,983 5,864 2,476 8,340 Priv. Placed Debt - Total Debt out- standing (Begin of Period) Payments Durg Peiod innl irl-ino Am n-rt3- Tn- Year undisbursed zation terest Total i965 127,6!41 2/' 7,195 718 7,912 1966 121,378 7,695 3,624 11,320 1967 113,683 13,040 6,313 19,354 1968 100,643 14,974 5,566 20,540 1969 85,668 16,377 4,90 21,067 1970 69,292 12,692 3,735 16,427 1971 57,766 11,939 3,C68 15,007 1972 44,894 10,848 2,389 13,238 1973 34,046 10,598 1,794 12,392 1974 23,448 9,o53 1,209 10,262 1975 14,395 5,3 o 738 6,098 1976 9,035 4,220 445 4,665 1977 4,815 3,224 233 3,1457 978 1,591 1,591 65 1,656 (See footnotes at end of table) Tabl:?2 (cont'd) KOREA - Estimated Contractual Service Payments on External Medium- and TonghT'e^ ,- feb+ n., + Tv"vlu 4n Tj"A4iivr1 d nf JTne 30- 1 Q(I Wfith MEaior Reported Additions July 1 - September 9, 1965 1/ Debt Repayable in Foreign Currency (In thousands of U.S. dollar equivalents) Page2 Privatelr-placd Debt - Guaranteed for Pa.yent Debt out- staning (Begin of Period) Payments During Period including Amorti- mn- Year undisbursed zation terest Total 1965 108,9521/ 7,066 681 7,747 1966 102,792 7?;12 3,056 10,468 1967 9R5,380 12,587 5,237 17,824 1968 72,793 13,827 A2CO 18.327 1969 68,966 14,457 3,691 18,148 1 n7n I,'). UnQ in RnA 1971 44,873 10,081 2,296 12,377 1972 .33,858 8,990 1 72 10,720 1973 24,868 8,865 1,244 10,109 19714 16,003 7,330 762 8,092 1975 8,673 3,637 395 4,031 1977 2,486 1,668 93 1,761 0,10 0-1 0 ,10P . 7L' 0" U..LU U,._U ivU u.ju Privately-placed Debt - Guaranteed for Payment Debt out- standing (Begin of PGriod) Payments During Period including Amorti- In- Year undisbursed zation terest Total 1965 18,662Z/ 129 36 165 1966 18,586 253 I68 851 1967 18,303 454 1,076 1,530 1968 17,81 9 1,147 1,066 2,213 1969 16,702 1,920 999 2,919 'I 07n 1'H. 7Q1 1 _n nnnq__ %J ~~~" I 1,889'8 2,773 k7V.I IV 004 1971 12,894 1,858 772 2,629 1972 11,036 1,850 660 2,518 1973 9,178 1,732 550 2,283 19714 7,94145 1,723 447 2,170 1975 5,722 1,723 343 2,067 1976 3,999 1,670 239 1,909 1977 2,329 1,556 140 1,695 1978" 773 773 46 819 (See footnotes at end of table) Table 2 (cont'd) KOREA - Estimated Contractual Service Payments on External Medium- and Long-Lerm Debt Outstanding kicluding Undisbursed as of June 30, 1965 With Major Reported Additions Jul.y 1 - September 9, 1965 1/ Debt Repayable in Foreign Currency (In thousands of U.S. dollar equivalents) Page 3 IDA Credit standing (Beg,in of' Period)Pam tsDrnzPio including Amorti- In- Ypqr llti i CZT) L;on n+_&7. Tota l l766 ~:14 ,000 2 205 105 1967 1.4,000 _ 105 105 968Q) 14 ,000 - 105 105 1969 114,000 _ 105 105 1970) 114, 105 10 n 1971 1.4,000 - 105 105 , I ~ - £.'.J 1973 114,000 1140 105 245 1,7 4 -L.,860 ] %.J.'-0 J104 14 1975 1.3,720 140 103 243 r1(V74 -i -) r' O r 'I - 'r^- 1977 1.3,4140 140 101 241 _Ly7 I Q J ]3, 3OU 140 99 299 1979 ].3,160 1140 98 238 US Govt. Loan - AID Debt out- standing (Begin of Period) Payme.Lnts During Period including Amorti- In- Year undisbursed zation terest Total 196 11,689 2/ 71 337 1409 1966 11U3,618 143 609 752 1967 1143,475 143 850 993 1968 1143,332 143 938 1,080 1969 1143,189 143 993 1 1970 1143,046 143 1,047 1,190 1971 1142,904 1143 1.102 1,245 1972 142,761 1143 1,157 1,300 1973 142,618 886 1,211 2,097 1974 1141,732 1,317 1,260 2,577 1975 L0;i15 2 399 1,1421 3,820 1976 138,016 4,526 2,364 6,890 1977 1 'I I)Q1 F- 71A '2 7,167 _ VfliQ1 14,7146 ~~~~~~~~~~~~~~~~~~~~~~~~~ J~1, J.U 1978 128,745 4,746 2,3314 7,080 1Q79 123,999 Q Q'Q6 7.A8. ,--LI (See footnotes at end of table) Table..2 (cont'd) KOREA - Estimated Contractual Service Payments on External Medium- and Long-Term Debt Outstanding Including Undisbursed as of' June 30, 1965 With Major Reported Additions July l - September 9, 1965 1/ Debt Repayable in Foreign Currency (In thousands of U.S. dollar equi-valents) Page 4 Other Gov't. Loans - Total Debt out- standing (Begin of Period) Payments During Period including Amorti- In- Year undisbursed zation terest Total 1965 15,330 2/ _ 361 361 1967 15,065 687 489 1,177 1968 ,i 14,, 78I. 4461 1- 1o LY)UU -L4.% ) (U ULIL 4VL _L _)J. 1969 13,533 911 515 1,425 1970 12,-6 97-8 478 1,456 1971 11,645 978 439 1,417 1972 u,60o7 978 401 1,,78 1973 9,690 978 362 1,340 1974 8,712 978 323 1,301 1975 7,735 978 285 1,262 1976 6,757 978 2h6 1,224 1977 5,779 978 208 1,185 1978 4,802 978 109 1,146 1979 3,824 978 130 1,108 Loans from Germany Debt out- standing (Begin of Period) Payments During, Period including Amorti- In- Year undisbursed zation terest Total 1965 13,930 2/ - 361 361 1966 13, - 26I OR 763 1967 13,665 687 489 1,177 1968 12,978 844h 461 1,305 1969 12,133 844 431 1,275 1970 11,289 8'4 bflO 1,2L1L 1971 10,445 a44 369 1,214 1 071) r) t-n 0I.I. -n 1972 I9,601 VU' 33L49 1,183 1973 8,756 844 308 1,152 -1(v71. '7 Oil In 197'( 7,91 8.- 044 277 ' i,122 1975 7,o68 844 247 1,091 1976 6,22I4 844 216 1,060 1977 5,379 844 186 1,030 1278I u 4,535 0`44 155 999 1979 3,691 844 124 969 (See footnotes at end of table) Table 2 (cont'd) KOREA - Estimat,ed Contractual Service Payments on External Medium- and Long-Term Debt Outstan.ding including Undisbursed as of 3ane 30, 1965 With Majr Report,ed Additions July 1 - September 9, 1965 1/ Debt Repayable in Foreign Currency (EL thousands of IJ.S0 dollar equivalents) Page 5 Loans from UK Debt out- standing (Begin of Period) Payments During Period inclucling Amorti- In- Year undisbursed zation terest Total 1965 1,400 2/ -- i966 l,LhOO 2/- .L0O 1,400 1967 1,400 - i968o l,h00 - - - 1969 l,4oo 67 84 151 1970 1,,333 133 78 211 1971 1,200 133 70 203 1972 1,0)67 133 62 195 1973 933 133 54 187 1974 800 133 46 179 1.975 667 133 38 171 1976 533 133 30 163 1977 )400 133 22 155 1978 267 133 14 147 1979 :133 133 6 139 17Incl`u.des service on all debt listed in Table 1 except EM 54,000,000 ($13,500,000) Loan frcm thu Goverr.ent of Germany and $996,000 part of nrivateliv-nlaced debt guaranteed for exchange transfer only. 2/ Amount outstanding for 1965 is as of June 30, 1965; payments are for the entire year 1965. Statistics Division I1RD-Economic s Deenartment January 11, 1966 Table 3 Official Loans Received by the Public and Private Sector in Korea by Source (coxunitments as of November 1965) (in millions of dollars) U.S.A. U.K. Germany IDA Total 195C9 12.3 12-3 19R60 5.0 5 0 19?61 3-1 3.1 19?62 29.7 7.7 1h.0 52.5 1963 9.5 9,5 196h 31'.4 1.4 5.2 38.0 '965 61.8 61.8 (Nov) Total 152.9 1.4 13.9 1i.o 182.2 4. R1 Al P 7 7 '7 ICn-% P ercent oUf oUtUl 83,9 0.8 7. 7.7 100.0 Source: Economidic Plannring Board Table 1 Official lIoans Received by the Public and Private Sector in Korea So~ 0- -- kcorrl2n-t-ents as of £liovember 19c'J by rurpc I oI u,e Toans $ Million Percent Manufacturing 68.6 37.7 Power 41.o 22.5 Railways 32.8 18.0 Communications 20.7 11.4 Coal Mining 14.7 8.1 COthers 4.4 2.4 Total 182.2 100.0 Source: Economic Planning Board Table 5 Suppi ers' Credits (commitypptts AR of November 1965) by Source (in millions of dollars) U.S.A. Japan Germ Others Total 1962 0.6 1.3 1.9 1963 57.3 16.0 4.9 78.2 1964 6.3 o.4 l4!9 40.2 61.8 1965 (Nov.,) 4.5 60.2 _ 2.3 67.0 Total 68.7 60.6 32.2 47.4 208.9 Pprcpnt. nf' Tot-l1 32.9 29.0 15.4 22.6 100.0 sn,lt vs ETpr-rnoTic. Plannning Board- Table 6 .5uppliers' Credits (ccrnuitnents as of Novemr,ber i965) by Type of Plant cr E2uprment ($ milon) (%), nDee-sea fishing vessels 47.9 22.9 Te.Yti Ies 44.3 21.2 Fertilizer 43.9 21.0 Petrol4-1er refnnTrT 20.0 9.6 Cement 17.6 8.4 rue;4ca 9s4 4.,L.5 E,lectric power 6 5 3.1 C;thers 19.4 9.3 otal 9 100.0 Source: Econormic Planming Board Table 7 Expenditure on Gross National Prtduct;-/ (At current market prices) (In billion won) 1953 1954 1955 1956 1957 1958 1L959 1960 961 1962 1963 1964 1965 Private consump- *tion expenditure 40.75 59.11 104.64 E 1I3.67 167,559 1i76.1l 190.58 2)20,47 240,44 265.97 383.55 561.25 669.65 General Government consumption ex- penditure 3.82 6.86 10.21 14003 21.59 26.44 31.19 35.54 40.o6Q 49.6l 2 '54. 74 61.95 71,28 Gross dom. fixed cape formation 3.36 5.93 11.31 15.34 20.68 20.2C) '3.36 25.42 32.1C) 21 4530 64.21 71.26 95.28 Increase in stocks 3.79 1,43 1.63 0.01 9,9L 4,957 0.0 *-o.16 4.77 -3.38 21.28 :18.93 -4.18 Export of goods &k services 94, .72 1.90 2,08 2,94 4195 5.82) 8,22 15076 7L7,913 23.76 $ 42. o06 69.56 Liess Import of goods & services 4.98, 5.22 12e15' 21,33. 25.31 23,559 23.89 31 ,002 438'3 58.883 79.48 96053 135.49 Statistical dis- crepancy 0.04 -0.14 .0.74. -2.40 -0. 3'2 1.62 --O.4L o.86 1,2i7 -1.19 0.l . 2.55 5.63 Expenditure on G.D.P. 47,72 68,6c9 116e76 15l1,42 19c7,75 209.L94 226.6j7 24l1.33 290057 335042 468.20 661,47 771.73 Net factor income from abroad .62. .659 1.49 1.51 1,55 1.55 1058 1e8-L 2.78 3.18 3.33 5.25 7.67 Expenditure on G.N.P. 4.8,35 69,38 118.28 15 2.93 19c9. 27 211,46 228.2L 243.14 2593,35 338.60 471.53 666.72 779.40 i7 lt the time the Mission wrote its report, the Bank of Korea had revised the National Accounts f'or the years 1960o-64. In order to have a continuous series from 1953, the Mission applied the average percent difference between revised estimates an.d data published in B.,OK.'s Economic Statistics Yearbook for 1960-64 to data f'or 1953-59 in this Yearbocok. I'his procedure was used 1to establish the series for GJNP 'by expenditure categories an.d by industrial origino (See also Vol. [ Main Report, para- 13.-24) 2/ Prellird-nary estimates. 6ource: Bank of' Korea data, ad,justed by Mission for 1953-59, Tabt)le 8 Expencditure on Gross National Product (At; 1960 constant market prices) (In billion wron) ] 95j'' ]1954 1955 1956 L957 1958 1959 1960 1961 1962 1963 1964 1965r tion 141L22 153o43 170.97 l?8,66 182091 193.314 203,08 202047 205.67 222.04 229.27 254.99 281.05 Gen. Govt. con- su.rption expo 29.65 2 9. 97 30e314 32.0e3 31,74 33.99 34e07 35.5]4 35.28 35.50 36.85 34e64 36.03 Gross dom. f'ixed cap. formation 1 5.94 :18.40 20.a75 21.21 25090 24,5'7 :26,71 25.42 27.88 35.53 45.81 38.22 44.78 Increase in stocks :L6098 6.4!. 4qa66 1.3L :13,67 8.15 .43 -0.16 4.20 -2.92 12.26 7.19 -1.45 Export of goods & services 5.14 3,0L 3.865 3.49 4.7L 5.91 6.87 8.22 11.00 12.36 13,79 17.31 23.57 Less, Import of goc,ds &c services 28.23 21.3:3 28.0o4 31,,4 6 36.71 32.14 26.97 31.02 28.57 37.54 46,80 35.81 42.21 Statistical clis- crepancy -4.23 *-2.21 -2.80 .2.71 -5.e1 o3e34 -3.02 0.86 -1.69 -,56 -2.62 -1.99 -2 .34 Expejnditure on G.D.P. 176c,47 187.76 199.714 202053 217011 230.48 241.17 241.33 253,77 2'6401l 288.56 314.55 339.43 Net factor i-ncorne from abroad1 2,49 2.00 2,06 1. 96 2.01 2.01 2.06 1.81 1.42 1.59 1.69 1.60 1.88 Expenditure on G.N.P. 178, 96 189.74 201. 78 202.46 219110 232.46 243.20 243.14 255.19 265.60 290.25 316.15 341.31 1J Soo footnote ,/ of Table 7., J Preliminary cstimatos. S2irrc , Rank of Korea data. adlusted by Mission for 1953-59. Table 9 l/ Industrial Origin of Gross National Product- (At constant market prices) (In billion won") 2/ 1953 1954 1955 195 6 1957 1958 1959 19,60 1961 19762 1963 1964 196 5- Agriculture, forest- ry ancd fishery 72.63 78e09 80,05 75.43 81.58 88.06 87.63 85.72 95040 88.72 94.19 11Le09 113.18 (Fishery) 1,,54 1,42 153 1090 2,15 2,15 2.10 (2.02) (2.28) (2,62) (2.55) (12.71) (2.67) Miining & quarrying 1o57 1.69 2e27 2,22 3.18 3.50 4.26 5.24 5,11i 6. 82 i7.44 8.57 9e84 Manufacturing 15,84 18.65 22.81 26.25 28,62 30,92 33.23 32.98 34.76 40C)55 48.07 50.96 60.39 Cornstrnction 4.62 5,34 5.56 5.26 6.96 6990 8.01 8018 9,00 10.16 1].46 10.91 12.42 Electricity, water supply ancl sani-a- tatioli .86 1.03 1s02 1.32 1652 1.77 1.98 2.01 2.09 2.33 2.58 3.04 3.66 (Elec. and gas) .72 .89 Q88 1.13 1.33 1.53 1.72 (1.71) (1.79) (2.00) (2.23) (2.68) (3.24) Transp,, storage & commiuaications 4.35 5.52 6.22 7.86 8.oo 8.85 10.25 11.33 11.58 13.08 15,63 17.76 20009 (Transp, & storage) 3e93 4.90 5,58 7.08 7.13 7.78 8.86 (59.69) (9.74) (10.78) (12071) (14.61) (16.56) Wholesale & re-tail trade 19033 20.17 23.76 24.03 26.74 28.85 31.89 33.15 33.35 36.37 4o.O1 40068 44.12 Banking, insurance & real estate 2.18 1,61 1,92 1.73 2.14 2.87 3.15 3.47 3.42 4.13 4e26 4.29 4.54 Ownerubip of dwellings 13.99 14e45 14,83 15.26 15.60 15.88 15.93 16.29 16.71 17.10 17. 47 18.03 118.48 Public admn. and defferse 23c11 21.61 21.29 20.58 19e07 17.92 17.57 17.42 17.21 1,7.96 18.71 19.-10 19.&55 Seirvices 16,73 18.78 19,54 21,82 23.22 24.91 26.89 2c5.54 25;.l4 26.79 28.74 30,12 33.16 (Education) - -' (9.51) (l.o05) (10.53) (11.32) (lLo95) (1:2,84) Rest of the world 2.50 2,00 2,06 1,96 2f01 2,01 2.06 1.81 1]42 1059 1L69 1Lo60 1.88 Statistical dis- cr^epanicy 1.24 0.80 0.45 0.74 c,46 .02 0.35 ' "' Gross NatioInal Product 178o95 189,74 201c78 204.46 219,10 232046 243020 243014 255.19 26!,60 290,(25 316.15 341e31 g/ See tFootnote I ol lable 7, v/ Prelirfiinary estimates., Source: Bank of Korea data, adjusted by Mission for 11953-590 Table 1o Industrial Origin of Gross National Produiet 1/ (At current market prices) (n billion won) 1953 1954 1955' 1956 1957 1958 1959 1960 196L 196 2 1963 19641 1965`-' Agriculture, forest- ry and fishery 21.59 26.45 50c04 67.50 83.16 82.00 75.07 85. 72 L14.28 L21,01 190.05 300.50 296.4 (Fishery) .37 .62 o92 1.4,6 1.6,3 1.78 1.87 (2.02) (2.30) (3e:33) (4.141) (7.51) (8.88) Mining & quarrying .54 .71 1.32 1.91 3.21 3059 4.2io 5.24 5 .51 6.9 9 8.:26 12.30 15.93 ManiuCacturing 4.70 8,48 14.50 19.22 24,' 270Q7 3 r1 3 38.6 a i9 68 71X05 106.43 153.01 Cionsltruction .98 166 3.37 4.28 6.72 6.5o 7.53 8.18 9 .73 11. 88 14.71 18.31 23.84 Elec-t,ric:ity, water supply and sani- tat-ion .22 .32 .62 .51 1.32 1e80 1. 77 2.01 3048 4.t68 5.12 6.60 9.67 (,Elec. and gias) 6J.7 .27 .55 .4,0 .14 1.61 1. 56 (1.71) (3et8) (4o20) (4.37) (5.73) (8.49) Transp., storage & comnunications c85 1,49 3.00 4L.]4 6.710 7. 64 9.73 l1e33 13.76 17 .08 19.90 23.91 31.45 (Transp. & storage) .82 1.46 2,92 4.05 6.01 6. 84 8.63 (9.69) (12.07) (14.- 78) (17.07) (19c599) (25.57 Wholesale & retail trade 6,53 10,15 17.43 22.32 27.16 28.e23 32.80 33.15 36.01 41.65 64.02 0.02 108.28 Banking, insurance & resal estate .33 .33 .71 .85 1.63 2. 31 2.'74 3.147 3.83 4e88 6.29 8.28 10.61 Ownmership of dwellings 5.59 7479 8.96 10io38 12,47 14.1 3 15.05 16.29 16.56 18.49 21¢78 25.31 27.86 Fublic adm. and def'ense 2.85 4. 91 6.50 7054 1201O 13.82 16.77 17.4]2 20.40 26.54 28.08 33,64 380oo ',rvices 2. E87 5,81 10. 32 13.33 18,!52 20.926 25o75 25. 54 28.15 32.54 38.94 46.17 56.64 (Education) e51 1 .919 4.@03 14.5>9 6.178 7.'e8 9,4$2 (9.51) (10.ol) (12.11) (13.30) (14.49) (15.,81) .uest of the world .62 .69 1.49 1.51 1.55 1.55 1.,58 1.81 2.78 3.18 3.33 5.25 7.67 Statistical dis-, crepancy 0.29 0.60° 0.03 -o.55 o.46 1.o8 2.19 -03 1.04 -0.55 - - Gross National Product 48.36 69.39 118029 152.74 IL99.29 2121i48 228e23 243.14 293.35 338,60 471.e53 66672 7794P40 i/ See fcctnot;e/ of Table 7, / ~Prelii.minary estimates, Source: 3ank cf Korea data, adjusted by Mi-ssion for 1953-59. Table 11 Gornposi1tion of Cross, Thrnp.i CGapital Formation (By Tndustrial TJse) (At current market prices) (In billion won) 1960 1L961 1962 .1963 1964 196 ' Fixed capital formation 25,,42 32010 45.30 6h4,21 71.26 95.23 Agricul.ture, forest,ry & fishery 3,.54 4.68 3.79 6.47 5.45 7J49 Mining and quarrying o0,4o 0,20 0,32 0093 1,07 0o,8 Manufac:turing 44;99 6060 9.13 34o53 17e59 24.07 Construction 0,,22 0.32 1.59 1.40 1.03 1.59 Electricity, water and sanitary services 1,.08 2,83 5.19 8.62 6.38 7.28 Transportation,, storage and communication 4094 7.48 10.63 15-05 15,42 19e95 Wholesale & retail trade 14235 12)4 2,49 2,93 3c58 7.07 Banking, insuramce & real estate 0,12 0,03 0.13 0,12 0.27 0.35 Ownership of dwellings 4.88 4.43 5.03 6.05 8.75 11.30 Public administration 1.,02 0.76) o089 .1,37 116 2.04 Service s 2,,88 3,53 611 6.74 10.56 13.34 Increase in stocks -0ozl6 4.77 -3.38 21,28 18.93 -4.18 Gross domestic capital formation 25.,26 36.87 41,092 8&5c49 90el9 91o10 7/ Preliminary estimates, Source: Bank of Korea; Table 12 Composition of Gross 'Domestic Capital Formation (By Industrial Use) (At 1960 constant market prices) (In billion won) 1960 1961 1962 1963 19619 F'ixedL capital formation 25,142 27,88 35-53 45.81 38.22 44. 78 Apric1lture. fcrestry an(d fishery 3e54 _ 25 3.17 4.82 3.19 3.82 Mining and quarrying 0.40 e,16 0.25 0.59 0.52 0.35 Manufacturing 4e99 5c48 7e32 10,26 9,o6 10095 Construction 0.22 0.26 1.21 0.93 0.53 o.64 Electricity, wat(er & sanitary services 1.08 2,31 3.23 5,97 3.47 3.54 Transportation, storage & co unication 4. 94 6,52 8.66 lO.65 8.01 9.22 Wholesale and retail trade 1.35 1.13 2.03 2.21 2.06 3047 EBanking, insurance &- rea:L estate 0,12 0.03 0O10 0.09 0.14 0.11 Ownership of dwelLings 4,88 40o5 3.93 4.41 4.87 5.41 Public administrationl 1,02 Oe65 0.69 0.94 0,59 0.081 'Services 2a88 3,04 4.94 4. 54 5.78 6.42 Increase in stocks -0,16 4020 -2.92 12.26 7J19 --1.45 Gross domestic capital formation 25.26 32.08 32.61 58.0o7 45.41 43J333 1/ Preiminary estimates. Source: Bank of Korea, Table 13 :a;vinas anrd Tnupsment (At current market prices) 1960 1961 1962 1963 1964 1965 Grosd,.s- caiaLTnbllionwo formation 25.3 36.9 41.9 85.5 90.2 91.1 Deficit of the nation on current acct. 28. 4.9 5.7 C-ross domestic sa-ving 3, 10.1 -0.1 29.9 38.3 30.8 ulbl:ic sector -2.7 -7.7 -7. -2.5 -5.8 __ Private sector 6.1 16.8 6.9 32.4 44.1 30.8 Statistical discrepancy -0.9 -1.3 1.1 -0.1 -2.6 -5.6 In Percent of GDP Gross domest-ic capitzal Q . R formation _ 10.5 1Z.h 1-:. 1U. 1 . Deficit of the nation on 8.2 3.5 current acct. 9.4 9,5 12.2 11.9 82 ~ . Gross dories-tic saving 1.h 3.4 0.0 6.h 5.8 4.0 Pub:lic sector -1.1 -2.6 -2.1 -0.5 -0.9 (.0 Private sector 2.5 6.0 2.1 6.9 6.7 j.0 Statistical discrepancy -0.3 -0.5 0.2 - -0.h -0.7 Source: BOK data, re-arranged by Mission. Table 1.4 Distribution of National IncomE! (in billion won) (At current market prices) 1960 1961 15962 1963 1964 Compensation of employees 79.46 89.86 110030 133.75 174 -35 Income from unincorporated enterprises 101.65 132.659 134.23 21,5.48 333.65 Income from property 27.16 29037 34.52 46 .47 63.43 Rent 16.90 18e19 2084 26063 3,1311 Interest 9e16 9.68 1c.98 14.17 23.56 Corporate income 1o63 8.24 14.44 21.59 28.18 Ge.neral government income from prope,rty and entreprenuership 41.25 5.63 5.93 8.49 12.74 Lejss interest on the public desbt 0.55 0.48 o064 0. 80 c).85 Less interest on consumerst debt ;2.82 2.42 1.67 2.88 3092 Natiornal incone .212.68 261.39 294c41 416.43 6o0. 82 Source: Elank of KoreaO Table 15 Composition of Private Consumption Expenditure (At, current ma;rket prices) (in billion won) 1]960 1961 1962 19,63 1964 1965 Fcod 104l,2! 130,,00 145.76) 206.85 330.48 362.16 Beverages 7e42 8, 65 :12.99 14.93 19.26 28.23 Tobacco 6.12 7032 9.2 7 11.66 14082 21e42 Clothing and other personal effects 20e97 22.63 32.60 37.70 54.69 73,15 Rents, rates and water charges 18.22 18.60 20.965 24.62 28,60 31.92 Fuel and light 8c43 10o,65 L20398 17D99 22,04 31.60 Furniture, furnishings and household equipment 2o93 338 5,22 6e,72 9.13 12,85 Household tperation. 3,09 31.27 4.05 6,:07 8.95 10.45 Personal care and health expenses 7.64 9.98 :L2.1e' 17.92 20,40 29,15 Transportation and communication 8.759 11,09 1]3,25' 16i,76 22.315 28e44 Recreation and entertainment 9022 9.,10 10,3)4 14,.78 21.66 29.18 Miscellaneous services 5.39 5.,77 6.36 7-.55 8.88 11,10 Total 202°47 240,44 285097' 383, 55 561.215 669.65 Prelimiinary estimates. *ource: Dank of Korea, Table 1]6 Ba] awnre of Payrnents: Current Account (i]n millions of doilars) 1955 1956 1957 1958 1959 1960 1961 1962 196-3 1-964 1965 Exports foo.b. 18.0 24.6 19.4 17.1 19.8 32.8 40.9 54.8 86.8 119.1 175;.1 Sales to U.N. forces 43.21 241, 43.5 57.6 63.3 62.6 79.7 84.7 38. 3 63.7 74.0 Iports f.o..b. 3LI1.L-' / 3L.S 273.A. z 28.1 390.1 497-G 4 2k.8 Trade balance -280.2 -337.4 -327.4 -269.1 -190.3 -210.0 -162.5 -.250.6 -371.9 -182e1 -171.2 Transport and insurance 0.4 -0.1 -49.3 -32.7 -27.8 -37.8 -27.8 -38.8 -44.9 -33.0 -35.2 Foreign travel -14 -2.9 -2o7 -3.1 -3.5 -4.2 -1.0 0.9 0.4 0.4 6.0 Investment income 1.6 :1.7 2.5 2.8 3.5 4.3 4.4 4.9 2.7 2.1 :L.4 Other invis-ibles -0.5 :2.7 -10.5 -9.3 -9.3 -14.6 -11.5 -8.4 10.9 -.8.4 C).5 Current account deficit 280.1 336.0 387 4 311.4 227.4 262.3 198.4 292.0 402.8 221.0 198.5 W7I-port data for 195:5 and 1956 are c.i.f. 'tourcej I.M.F. Table 17 The Financ-ing of the Current Account Deficit (in millions of doYLars) 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 (Prelim.) Cur-cent Account Deficit 280.1 2A2 3-7..4 3]1.4 227.4 262.3 L98.h1 292.0 4C2.8 2231 C198.1 Grants to Public & F'riv. Sector 257.7 320,9 384.9 349.0 244.2 275.7 231.5 236.5 259.5 194.9 203.3 G,rant,s by U.S. Government 218.7 275.7 341.3 313.6 224.6 255.8 206.7'; 19c9.8 205.8 138,8 133.2 Grants by U.N. 22.2 22.4 14.5 910 2.4 0.3 0,2 0.2 1.7 2.2 1.42 -1-rivate donations 16.8 22.8 29.1 26.4 17.2 19.6 24.6 3605 5200 53.9 68.7 1 el Loans to, Public & Priv. Sector= -5.6 - -2.9 7.0 0.2 3.2 -1.2 -3.9 82.0 23.2 8.7 Long- and medium-tern loans -5.6 - - 0.8 2.6 0,8 3.3 63.1 27..6 33.7 Official loaIns -5.6 _ _ _ 0.8 2.6 0,8- 3.7 28 .5 25.,8 -5.5 Commercial loDans - - -- - - -0.4 34.6 1.8 39.2 SIhor1t-term loans - - -2.9 7.0 -0.6 0.6 -2OC! -7.2 18 .9 -4.,4 -25.0 Direct Investment _ - - - - - - 0-.6 4.8 -0.8 0.5 TJ^. s. l: f f _ 16.0 23.1 -7.0 -13.3 -13.0 16. i 8 2 . 7 L -2 11.3 Use of Fore:ien 0Exchan Re s,verS 19.6 -3.1 -19.1 -38.2 - >,.4 =1- 5 -47.C) z50.5 48-8 3.6 -L1.9 Ei1a,,)rs, O missions 8.4 2.2 1.l4 0.6 -003 -2.1 -1e6 -.1.6 -L.0 -1.1 -2.2 i/Net of repayment. sJ These holdings arise mainly from sales proceeds of PI480 ccamodities. The major part of thesedeposits is su&bsequently released to the Kcrean Government as budget support. A smaller portion is retained by the U. S. Govermment for its own use in Korea. .SoulrcrnW I'.]A.F Table 18 External. A ssets (in il l.ions ofI QoiiLLrS March Se pt. Dec. End of period 1955 1957 1959 1960 1961 1962 1 963 19 64 1965 19655 i965 G-ross Assets 105.3 125.5 157.1 1614.0 21 3.7 171.2 126.2 138.9 123.0 128.6 145.6 Aabi:L1ities 63.7 58.2 73.83 71.9 73.6 64.2 102.9 110.7 1L47.4 97-0 99.5 Korea-Japan open account 4[6.8 46.9 ih .2 Lhb.1 4h.2 4.4 42 .4 4:3.3 50.6 l4,h .2 44.1 Credit from U.S. banks --1. 10.0 10.0 10.0 10.0 Export and import guaraitees 10.0 5.4 15.6 18.8 5 ;4 8.6 1 3.0 53.0 715.9 3hI.1 36.4 Other short-term liabilities 6.9 5.9 1i.0 51.0 2h. 0 6.2 77.5 4I-4 10.9 8.4 9.0 Idet exte:rnal assets 41.6 67.3 83 .3 92.1 14c0. 10o7.0 25).3 28.2 -2,4.4 31.6 46.1 Chagea in net assets 25.7 16.0 8.8 28.0 -33.1 -81.7 2.9 -52.6 56.0 14.5 Source: BOK. Table 19 Official Exchange Rates of Wbn to U.S. Dol1ar Counterpart Effective Date Official Rate Fund Rate 1953 August 28 6.0 18.0 Decembern 1'5 18.0 18.0 1955 January 10 18.0 35.0 AugLust 15 50.0 50.0 1960 January 20 50.0 65.0 February 23 6.o 65.0 1961 January 1 100.0 100.0 February 2~ - 130.0 130-0 1964 May 3 256.53 256.53 1965 Rarch 3.L 26h.0 264.0 June 30 272.2 272.2 Source: Bank of Korea. Table 20 Exchange Rate Actually ml.oec in External Transactions 1/ (Won to 1 U.S. dolTlr) 195 1954 15955 1956 1957 1L958 1959 1960 1961 1962 i2963 196h 4 ]E;Dorts (rnerchandise) 17.59 2202 47o 57.1 61.9 66.6 8L.1 102.8 128.4 130.0 169.5 220.6 :Imports (merchandise) 13e3 19e5 3L41 50,7 510( 55.2 69.5 82.,8 L15.2 130.0 136.5 207.2 Commercial Private 180C) 22e5 4702 57cl 62.0 67e5 8L.c3 102,.9 12806 130.0 148.8 220.8 ImpoDrts Govtt 12.o 18,0 2703 50..O 50°0 50.0 50.0 62,,5 127. 5 130.0 130.0 192.5 AID iTrports 12.0 1L8,0 30.1 50,-0 50.0 !,3,8.: 67 2 78,6- 108,8 13030 130.0 206.9 Others - 18.0 30.1 50.0 50.0 149.4 4h6.2 53e5 105.0 130.0C) 1300 192.5 1/Unti.l March 1967) a number of mu:Ltip:Le exchange rate practices have been in use (export-im]port linking, exchange auictions, etc.). As a result, the actual exchange rate was frequently different from the official rate. Tbe actua.L exchange rates were used by the Bank of Korea in the computation of the National Accounts. 2/ Includes re:Lief imports, iqDorts wilth loan funds and imports without drafts. 3/ Includes foreign exchange tax onl aid go Dds. Source: Bank of Korea. I'able! 21 Composition of __morts (million, US,4 .ITTh 19ii i9,7 io l9>9 10 196o °2 1Q9 1 . qA1Q 0 Food & live animals 1.5 3.3 2.5 4.1 9.7 8.9 21,.8 17.8 26.4 28.2 (00 Live animals - - - 0.1 0,47 2.b5 1.-5 3.7 1.1 03 Fish, fish preparations 0.o 2,2 2c3 l.,2 247 4-3 8.3 9.1 15.2 17 04 Cereals - - - 0.8 3.8 0.5 9.0 1.3 2.4 3.6 Rice - - 04b8 3.8 0°5 8.9 0.8 2.4 3*2 05 Fruits and vegetables - - 1,.7 2.2 2.0 6.8 5,5 Red beans - -. -- 0,6 O.J03 0.1 0.1 - 1.1 :Driedlaver o.6 0.9 - 1.2 1.3 0.9 0.7 1.3 5.5 2.3 1 Beverages and tobacco -O - - 0.1 0.5 0.2 Ol 0.3 0.2 0.9 :12 Tobacco - - - 0,1 0.3 Ool 0.2 0.2 0.9 2 Crude materials, inedible excluding fuel 20.,5 14L.6 l0,.6 11,.7 15. 21L0 19.4 26.4 31.4 37.0 20$ Textile fibers 2.8 1.8 1.,0 1,0 1.4 3.4 404 5.3 7.1 7.7 Raw silk: 1,46 0.,9 0,.5 0,7 1.0 2.8 4.0 4.3 5.4 6.5 Silk: waste 0,.5 o046 0.2 0.2 0,4 0.3 0,3 0.4 0.6 o.6 27 Crude fertilizer &c minerals 2.7 3.4 1.9 1.8 2,5 3.0 2.7 3.0 4.4 4.3 28 Ivietalliferous ores ancL scrap 11.,2 6c,5 5.5 6.0 7,.7 9.6 7.9 10.5 13,2 17e7 Iron. ore -_ 2.2 2.3 2.2 2.5 4e3 3.8 5.9 6.0 6.7 Lead ore * 065 0.4 0.2 0,2 0.2 0.2 0.5 0.9 1.2 Tungsten ore - 3..2 2.'5 3.4 4.7 4.5 3.4 3.1 4.7 6.3 Holybdenum -- -- - 03 0C. 8 1.1 29 Crude animal 8& vegetable mat. 31'4 2.44 1.9 2.2 3.6 4.2 3.9 7.4 6.4 6.9 Ginseng 0.,6 0.19 0.2 0.1 0O1 0.2 0.2 0,4 1.2 1.9 Agar-agar 0.7 o.6 o.6 0.7 0.9 1.1 1.3 1.7 2.0 2.3 (Continued on next page) Table 21 (cont'd) STTO C[ode 1956 1957 1958 1959 1960 1961 1962 1963 196k 1965 3 Mineral fuels - - 0.3 0.77 1.1_ 2.2 2.85 2.6 2.O5 1.9 Anthracite - - 0.3 0.7 1.1 2.2 2.7 2.6 2.4 1.9 AnimaL & veg. oils and fats 0.1 - 0.2 0.2 0.2 0.1 0.1 0.1 O.:L 0.1 S Chemicals - - 0.1 0.2. 0.6 l.C 0e9 0.6( 0.,4 Manufactu:ed iZoods by material 2.1 2.1 _ 32-C! 42C0 6.2g 28.1 42.3 66.4 62 Rubber tires - - - - - - 0.1 0IL 0.9 1.0 63 Wood and cork mian. - - - - 1.2 2.3 6.:3 11.5 18.2 Veneer board - - - - - 1.2 2.3 5.8 11.4 18.0 65 Textile yarn, fabrics, made-up fabrics - - - - - 1.0 2.2 7.8 19.6D 26.3 Silk yarn - - - - - - - 0.5 0.4 0.6 Woolen yarn - - - - - - - 0.6 0.4 0.8 Cotton fabrics - 0=3 0.9 e4r 2.4 0.9 1.8 4.:3 11.1 10.5 Silk fabrics - - - - - - - O.2 0.2 0.4 Wool fabrics - - - - 0.6 2.2 Synthetic fabrics - - - - - - - 0.5 1.0 2.4 Rayon fabrics - - - - - 0 0 0.3 2.0 2.4 66 Non met. mineral man. - - 1 - - - 0ol 0.9 1.9 2.8 Cement - - -- - 0.3 0.8 :67 Iron and steel - - - - - 1. oI06 11.7 4.5 12.7 Wire rods - - - - - - - - 0.8 1.0 Bars and rods - - - - - - 0.1 0.9 0,6 Galvanized sheets - - - - - - 0,5 8.0 2,0 9.8 68 Non-ferrous metals - - - - - 1.:3 0.:3 0.3 2.9 2.9 69 Metal manufactures n9e.s. - - - - - 0.12 0,6 0.5 0.9 2.2 (Continued on next page) Table 21 (corittd) W , Coe; 1956 195,7 19c;8 1959 1960 161 1962 1963 196IL 1965 7 ______ tra~nsno SLlip n~ 0_2 Ool - De O.1 0.9 1.4 4.1 2.2 5.5 71 Mach. other than electric - - - - - 0.7 03 1.1 0,.5 2.5 72 Electrical mach & appliances - 0.1 0.17 1.10 1.9 Radio receivers - - - - -- 0,.1 0,,6 1.4 '73 Tra7nsport enT,ui rrnent. _ _ _ 0,,2 1.0 2,.2 0.7 1.1 8 b-iscellaneous Manufactures 0_2 0.6 0.1 0.1 0,11 0.8 2,0 6,,4 13.2 34.5 D4 Clothing - _, _, 1,. 1 4e6 7 -7 6 20,7 8)5 Footwear - _. _, _. . . 0D2 0e7 0.9 4.1 2 °e4 0.1 - Saw and veneer logs ) 808 7,6 llol 6e5 8,1 7,4 16,8 2007 17.7 20.2 Shaped wood ) lol 1,3 0.7 o,6 25 Pulp, waste paper 0,9 203 1,7 207 3.4 5,0 803 9.6 9,4 9.4 26 Textiles, fibers 2805 40.4 48.8 4309 46.4 42.1 5002 5C6.4 !52,8 159.8 27 Crude fe:rtilizers, minerals 003 1.6 0,2 0.3 o.6 o.5 1.7 3.7 4.3 4D7 28 Metalliferous ores, scrap 0.1 0,2 0,5 - - - 1.4 4.8 309 5.1 3 Miniera:L Fuels, etc. 44.6 4306 37.1 38,2 23,0 27.4 30o,6 34,4 78,05 31.3 C oal ~ ~- - 9,0 0I4 2.2 2,2 2.5 2.4 Petroleumn petroleum products - - 29,2 22.4 2301 8 54 32 2 25.9 :28,9 (Continued on next p age) Table 212 (cont'd) SITC( CG-iT 1956 1957 1958 1959 1960 1L961 1962 1963 1964 1965 4 Animal, Vegetable Oils and Fats 2.5 2,2 2.7 2.5 2.5 3.9 3.9 4.8 3.9 3.8 5 Cheamicals 74.6 77.1 68.6 68.7 716. 1 61l7 94.3 8 000 84.3 10304 51 Chemical elements, compounds 4.5 3,9 5.1 4.4 5.4 5,6 1L1;7 13.3 13.7 16.1 53 Dyeing, tanning mats. 2,3 2.7 3.3 3.7 3G4 4.0 5.3 3.7 3.7 4.8 54 Medical, pharmaceutical products 402 505 5.3 4.1 304 5.2 5.8 4.5 3.8 4.9 55 Essential oil, perfumes 0,2 033 0,3 0o4 o.4 0.7 10 11 11 2.1 56 ]Fertilizers 58.3 58.9 46.o 480C' 55.4 40°3 62e3 48,0 ,55.9 65, 8 58 ]Plastic materials - - - 3.1 3.7 3,3 407 5.4 3.3 6.5 6 Manufactured Goods 7 G67 5)4,5 56,8 38,1 47. 0 39.5 73.1 8803 46,1 _ '70.8 62 Rubber manufactures 200 1-0 0,2 01 0,1 01 003 0.9 0.3 0.2 64 Paper, paperboard 109 7.8 15,7 7.1 7.7 4.5 3.6 2.3 1.9 1.5 65 Textile yarn, fabrics 2903 16.3 12,7 1508 1801 1.68 28D8 29,5 19,6 :26.9 66 Cement 5.4 544 6.5 lol 1ll 1.5 3,6 5.2 0,7 Glass, glassware 1.8 2,2 0.4 Ol 1.1 0,5 085 044 0.3 67 Iron, steel products - o,4 - 8.7 11,6 7.8 2108 -325 l4.8 244 63 Non-ferrous metals 17.1 16,0 18.5 3.4 3.1 3.3 7.6 8,5 4.2 9,0 69 Manufactures of metal 2.8 1,7 1.9 1.1 3.0 1,8 4.9 7,7 3.0 7.1 7 Manhinery, Transpcrt equip. 42.8 42,4 36(,7 h.l8 40o.l 42¢4 69,6 l1L5;6 69e5 .6.SQ.0 71 14achinery ot'her than elec, 21.6 21.3 ..2 - 6-T938.2 357 72 Electrical machinery 13.3 11,3 10,6 _ _ _ 22,3 19;7 :12e6 73 Transport equipment 8rG 9,8 7.9 - - _ 31,3 1 6 :11.7 Railway'vehicles 3,6 7.7 4.9 0,5 0,l 0.3 3,0 :19,3 1.9 10 Road motor veh:icles 1.4 1.0 2,1 03s 01 Ool 3.1 7.7 5e$3 3-0 Ships and boats 1,6 0BS 0,7 6.1 o48 044 063 3.6 ?21 7G6 Otlher tranisport equip, L.4 0,3 022 062 0i2 065 062 0.7 263 OJ (Continue!d on next page) Table 22 (conttd') ET TC C-vde 1956 1957 1958 1959 1960 19561 1962 1963 196h 1965 r y~~~ n 8 MiscellaLnecus Manufactures 9e6 9.7 ii.6 6.3 6,0o 57 10.2 6.0 5,3 0,0 Bll Sanitary, heating, light- ing fixtures 2,9 0.3 003 01 Oc3 0,2 Oe8 (03 0,3 o,14 814 C]Lothing 2,1 3G8 2,8 0,3 Col C)Ol 002 023 002 o.4 86 Professional, sciientific equipment 2.4 3.2 4.9 3.9 309 3.6 604 Li.8 2.7 3.9 89 Musical instruments, etc. ) n Cl'5 oc.5 o04 0o9 ().5 0.2 0.1 Printed matter ) v 0.6 o,6 0),7 1,1e 1L 1L0 o08 9 Not Classif-ied _ 4104 39.3 26.1 1806 48.7 32.1 1.5 1,2 1.2 0.2 Total Imnports 386e1 442,2 378c2 303.8 34365 31601 421 8 560e3 4014o4 45(0, COf which- Grant ,aid 319.9 37140 311 0 210.7 231.9 l9 27 23c 142k6 1357 Fordign loans - o.6 214 1.1 4. 5 52.1 314.6 18.0 Commermcial 66,,2 146,9 48.7 81,0 97. 2 103,1 178.9 232e7 1814,5 248.4 ReLief goals - ) 212 18,3 225 18.14 2<9l Others 21tatstic 11 )5 72oi Statis.6 2oic4 211.2 19.0 S1ource: Extiernal, Trade ;Statistics (BOK); Ec orlomic Statistics Yearbook,, T,ports (c.i.fr ) by Souree of Runds (in millions of doIlars) 1962 1963 1964 1965 Commercial_Imports 179.0 232e7 184.5 248X4 Government 19.1 44h9 46.4 49.6 Ptivate i59.9 187.8 138.1 198.8 Grant Aid 218.5 232 14C6 142o6 135.5 Government 19.4 2803 3'4.3 26. Private 199.2 204.3 108.2 108.7 Foreign Capital & Loan Fnds 4.5 52,1 34.6 18.0 Government 4.3 46.7 25.4 -- Private 0.2 5.4 9.2 18.U Relief Goods (Private Sources) 12.3 22.5 18.4 29.1 Others 7.4 20.3 24.2 19,0 Total Imports 421.8 560.3 4044 450U.0 Government 42.7 119.9 106.2 76.4 Private 379 1 440h 4 298.2 373.6 Source: Bank cf Korea.