NSP

New Southern Policy

The NSP is ROK’s core diplomatic initiative aimed at creating
prosperity and peace through comprehensive cooperation
with ASEAN member states and India.

Policy Information
NSP, a 3 year journey [Source: Cheong Wa Dae]

NSP Partner States

NSPPartner States

Key Statistics

Size of economy (GDP)
$6trillion.483billion(2019)
Volume of mutual trade between
Korea and the NSP countries
$1,893billion(2020)
Number of people traveling between
Korea and the NSP countries
13.12million people(2019)

<Increase in mutual trade despite Covid-19 pandemic>

Source: NSP statistics (June, 2021), for more details please refer to NSP statistics release

Economic Status

Size of economy (GDP)
$billion
GDP per person
$
GDP growth rate
(in comparison to previous year)
%

Relation with Korea

Number of mutual visitors
visitors
ODA fund supported by Korea
-
Investment by Korea
$million

Source: NSP statistics (June, 2021), for more details please refer to NSP statistics release

Brunei

Brunei Darussalam
Capital : Bandar Seri Begawan
(Population
about 430,000 people)

Economic Status

Size of economy (GDP)
$billion
GDP per person
$
GDP growth rate
(in comparison to previous year)
%

Relation with Korea

Number of mutual visitors
visitors
ODA fund supported by Korea
$million
Investment by Korea
$million

Source: NSP statistics (June, 2021), for more details please refer to NSP statistics release

Cambodia

Kingdom of Cambodia
Capital : Phnom Penh
(Population
about 16.49 million people)

Economic Status

Size of economy (GDP)
$trillion
GDP per person
$
GDP growth rate
(in comparison to previous year)
%

Relation with Korea

Number of mutual visitors
visitors
ODA fund supported by Korea
$billion
Investment by Korea
(YoY growth rate)
$million

Source: NSP statistics (June, 2021), for more details please refer to NSP statistics release

India

India(Republic of India)
Capital : New Delhi
[Population
about 1.366.42 million people
(2nd in the world)]

Economic Status

Size of economy (GDP)
$trillion
GDP per person
$
GDP growth rate
(in comparison to previous year)
%

Relation with Korea

Number of mutual visitors
visitors
ODA fund supported by Korea
$million
Investment by Korea
(YoY growth rate)
$million

Source: NSP statistics (June, 2021), for more details please refer to NSP statistics release

Indonesia

Republic of Indonesia
Capital : Jakarta
(Population
about 270.63 million people)

Economic Status

Size of economy (GDP)
$billion
GDP per person
$
GDP growth rate
(in comparison to previous year)
%

Relation with Korea

Number of mutual visitors
visitors
ODA fund supported by Korea
$million
Investment by Korea
(YoY growth rate)
$million

Source: NSP statistics (June, 2021), for more details please refer to NSP statistics release

Laos

Lao People`s
Democratic Republic
Capital : Vientiane
(Population
about 7.17 million people)

Economic Status

Size of economy (GDP)
$billion
GDP per person
$
GDP growth rate
(in comparison to previous year)
%

Relation with Korea

Number of mutual visitors
visitors
ODA fund supported by Korea
$million
Investment by Korea
(YoY growth rate)
$million

Source: NSP statistics (June, 2021), for more details please refer to NSP statistics release

Malaysia

Malaysia
Capital : Kuala Lumpur
(Population
about 31.95 million people)

Economic Status

Size of economy (GDP)
$billion
GDP per person
$
GDP growth rate
(in comparison to previous year)
%

Relation with Korea

Number of mutual visitors
visitors
ODA fund supported by Korea
$million
Investment by Korea
(YoY growth rate)
$million

Source: NSP statistics (June, 2021), for more details please refer to NSP statistics release

Myanmar

Myanmar
Capital : Naypyidaw
(Population
about 54.05 million people)

Economic Status

Size of economy (GDP)
$billion
GDP per person
$
GDP growth rate
(in comparison to previous year)
%

Relation with Korea

Number of mutual visitors
visitors
ODA fund supported by Korea
$million
Investment by Korea
(YoY growth rate)
$million

Source: NSP statistics (June, 2021), for more details please refer to NSP statistics release

Philippines

Republic of the Philippines
Capital : Manila
(Population
about 18.12 million people)

Economic Status

Size of economy (GDP)
$billion
GDP per person
$
GDP growth rate
(in comparison to previous year)
%

Relation with Korea

Number of mutual visitors
visitors
ODA fund supported by Korea
-
Investment by Korea
(YoY growth rate)
$million

Source: NSP statistics (June, 2021), for more details please refer to NSP statistics release

Singapore

Republic of the Singapore
Capital : Singapore
(Population
about 5.7 million people)

Economic Status

Size of economy (GDP)
$billion
GDP per person
$
GDP growth rate
(in comparison to previous year)
%

Relation with Korea

Number of mutual visitors
visitors
ODA fund supported by Korea
$million
Investment by Korea
(YoY growth rate)
$million

Source: NSP statistics (June, 2021), for more details please refer to NSP statistics release

Thailand

Kingdom of Thailand
Capital : Bangkok
(Population
about 69.63 million people)

Economic Status

Size of economy (GDP)
$billion
GDP per person
$
GDP growth rate
(in comparison to previous year)
%

Relation with Korea

Number of mutual visitors
visitors
ODA fund supported by Korea
$million
Investment by Korea
(YoY growth rate)
$million

Source: NSP statistics (June, 2021), for more details please refer to NSP statistics release

Viet namViet nam

Socialist Republic of Viet nam
Capital : Hanoi
(Population
about 96.46 millionn people)

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