Economy of North Korea
Estimating gross national product in North Korea is a difficult task because of a dearth of economic data and the problem of choosing an appropriate rate of exchange for the North Korean won, the nonconvertible North Korean currency. The South Korean government's estimate placed North Korea's GNP in 1991 at US$22.9 billion, or US$1,038 per capita. In contrast, South Korea posted US$237.9 billion of GNP and a per capita income of US$5,569 in 1991. North Korea's GNP in 1991 showed a 5.2% decline from 1989, and preliminary indications were that the decline would continue. South Korea's GNP, by contrast, expanded by 9.3% and 8.4%, respectively, in 1990 and 1991.
Roh Moo-hyun
South Korea received the highest marks on the Reporters Without Borders Press Freedom Index under his administration. The value of the South Korean won against the US Dollar was the strongest during his administration since 1997. Due to the strong currency, for the first time in history, South Korea became the world's 10th largest economy and exceeded the $20,000 milestone in nominal GDP per capita during his administration.