Asia Pacific Regional Overview - NAI Commercial Real Estate

Seoul South KoreaMarket SummaryCountry Population49,044,790 (Dec 2007 est.)Area (sq km)98,480GDP (in US$)US$1.006 trillion (2008 est.)GDP Growth (%)4.6% (2008 est.)GDP Per Capita (in US$)US$24,500 (2008 est.)Inflation (%)2.8% (2008 est.)Interest Rate (Federal Funds Rate) ¹ (%)Unemployment (%)3.3% (2008 est.)CurrencySouth Korean won (KRW)Exchange Rate (US$ and date)1 KRW = .0010 USD (3/17/08)Exchange Rate (Euro and date)1 KRW = .0006 EUR (3/17/08)Market NameSeoulMarket City Population10,356,000 (2007)About the MarketAt the heart of Northeast Asia, SouthKorea claims the geopoliticaladvantages of immediate access toChina and Japan. There are 44 majormetropolises of Northeast Asia, withpopulation of more than one millioneach, located within four hours flyingtime from South Korea.Seoul is the nation’s administrative,INVESTMENTcultural and economic capital with apopulation of 10 million. With a 3.8million workforce, the city enjoys itsworld-class urban infrastructure.49