Obligation Koreana 5.625% ( US50064FAE43 ) en USD

Société émettrice Koreana
Prix sur le marché 100.07 %  ▼ 
Pays  Coree du sud
Code ISIN  US50064FAE43 ( en USD )
Coupon 5.625% par an ( paiement semestriel )
Echéance 02/11/2025 - Obligation échue



Prospectus brochure de l'obligation Korea US50064FAE43 en USD 5.625%, échue


Montant Minimal /
Montant de l'émission /
Cusip 50064FAE4
Description détaillée La Corée, divisée en deux États distincts ? la Corée du Nord et la Corée du Sud ? présente une riche histoire, une culture vibrante influencée par le confucianisme et le bouddhisme, et une économie diversifiée, allant d'une économie planifiée centralement au Nord à une économie de marché dynamique au Sud.

L'Obligation émise par Koreana ( Coree du sud ) , en USD, avec le code ISIN US50064FAE43, paye un coupon de 5.625% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 02/11/2025







Form 424(B)(2)
424B2 1 d424b2.htm FORM 424(B)(2)
Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration No. 333-118631
PROSPECTUS SUPPLEMENT

(To Prospectus dated October 18, 2005)




The Republic of Korea

500,000,000 3.625% Notes due 2015
US$400,000,000 5.625% Notes due 2025

The 500,000,000 aggregate principal amount of 3.625% Notes due 2015 will mature on November 2, 2015 and
the US$400,000,000 aggregate principal amount of 5.625% Notes due 2025 will mature on November 3, 2025.
The Euro-denominated Notes will bear interest at the rate of 3.625% per year and the U.S. dollar-denominated
Notes will bear interest at the rate of 5.625% per year. Interest on the Euro-denominated Notes is payable on
November 2 of each year, beginning on November 2, 2006. Interest on the U.S. dollar-denominated Notes is
payable on May 2 and November 2 of each year, beginning on May 2, 2006. The Republic will not have any right
to redeem the Notes prior to maturity. Except as described in the accompanying prospectus under "Description of
the Debt Securities--Global Securities," the Euro-denominated Notes will be represented by one or more global
notes registered in the name of a nominee of the common depositary for Euroclear Bank S.A./N.A. and
Clearstream Banking, société anonyme, and the U.S. dollar-denominated Notes will be represented by one or
more global notes registered in the name of a nominee of The Depository Trust Company, as depositary.
Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of these Notes or determined if this prospectus supplement or the accompanying prospectus is
truthful or complete. Any representation to the contrary is a criminal offense.

Euro-denominated Notes
U.S. dollar-denominated Notes



Per Note
Total
Per Note
Total





Public offering price
US

99.055%
495,275,000 98.631%
$ 394,524,000
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Form 424(B)(2)
Underwriting discounts
US

0.110%
550,000
0.160%
$
640,000
Proceeds to the Republic (before
US
expenses)(1)

98.945%
494,725,000 98.471%
$ 393,884,000
(1) The underwriters have agreed to pay certain expenses of the Republic in connection with this offering. For more information, see
"Underwriting" in this prospectus supplement.
In addition to the initial public offering price to the public, you will have to pay for interest accrued on the Notes
from November 2, 2005, if any.
Approval in-principle has been obtained for the listing and quotation of the Notes on the Singapore Exchange
Securities Trading Limited, or the Singapore Stock Exchange. The Singapore Stock Exchange assumes no
responsibility for the correctness of any of the statements made or opinions expressed or reports contained herein.
Admission to the Official List of the Singapore Stock Exchange and quotation of any Notes on the Singapore
Stock Exchange are not to be taken as an indication of the merits of the Republic or the Notes. Currently, there is
no public market for the Notes.
The underwriters expect to deliver the Euro-denominated Notes to investors only through the book-entry
facilities of Euroclear Bank S.A./N.A. and Clearstream Banking, société anonyme, and the U.S. dollar-
denominated Notes to investors through the book-entry facilities of The Depository Trust Company, in each case
on or about November 2, 2005.


Joint Bookrunners
ABN AMRO Citigroup
Goldman Sachs (Asia) L.L.C.

UBS Investment Bank

The date of this prospectus supplement is October 26, 2005.
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Form 424(B)(2)
Table of Contents
You should rely only on the information contained in this prospectus supplement and the accompanying
prospectus. The Republic has not authorized anyone to provide you with different information. The
Republic is not making an offer of the Notes in any state where the offer is not permitted. You should not
assume that the information contained in this prospectus supplement or the accompanying prospectus is
accurate as of any date other than the date on the front of each document.


TABLE OF CONTENTS

Prospectus Supplement

Page


SUMMARY OF THE OFFERING

S-3
DESCRIPTION OF THE NOTES

S-6
CLEARANCE AND SETTLEMENT
S-11
UNDERWRITING
S-15
LEGAL MATTERS
S-20
GENERAL INFORMATION
S-20

Prospectus

Page


CERTAIN DEFINED TERMS AND CONVENTIONS

1
USE OF PROCEEDS

2
THE REPUBLIC OF KOREA

3
Land and History

3
Government and Politics

4
The Economy

7
The Financial System

17
Monetary Policy

21
Balance of Payments and Foreign Trade

24
Government Finance

28
Debt

31
Tables and Supplementary Information

32
DESCRIPTION OF THE DEBT SECURITIES

35
General Terms of the Debt Securities

35
Payments of Principal, Premium and Interest

36
Repayment of Funds; Prescription

36
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Form 424(B)(2)
Global Securities

37
Additional Amounts

38
Status of Debt Securities

39
Negative Pledge Covenant

39
Events of Default

40
Modifications and Amendments; Debt Securityholders' Meetings

41
Fiscal Agent

44
Further Issues of Debt Securities

44
Governing Law, Jurisdiction, Consent to Service and Enforceability

45
LIMITATIONS ON ISSUANCE OF BEARER DEBT SECURITIES

47
TAXATION

48
Korean Taxation

48
United States Tax Considerations

49
PLAN OF DISTRIBUTION

56
LEGAL MATTERS

57
AUTHORIZED REPRESENTATIVES IN THE UNITED STATES

57
OFFICIAL STATEMENTS AND DOCUMENTS

57
FORWARD-LOOKING STATEMENTS

57
FURTHER INFORMATION

58
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Form 424(B)(2)
Table of Contents
Certain Defined Terms
Unless the context otherwise requires, all references to "Korea" or the "Republic" contained in this prospectus
supplement are to The Republic of Korea. All references to the "Government" are to the government of Korea.
Unless otherwise indicated, all references to "Euro-denominated Notes" contained in this prospectus supplement
are to the 500,000,000 aggregate principal amount of 3.625% notes due 2015 and all references to "U.S. dollar-
denominated Notes" are to the US$400,000,000 aggregate principal amount of 5.625% notes due 2025. Unless
otherwise indicated, all references to the "Notes" are to the Euro-denominated Notes and the U.S. dollar-
denominated Notes, collectively.
Unless otherwise indicated, all references to "won", "Won" or "(Won)" contained in this prospectus supplement
are to the currency of Korea, references to "U.S. dollars", "Dollars", "dollars", "$" or "US$" are to the currency
of the United States of America and references to "Euro", "EUR" or "" are to the uniform currency of the
European Union.
All references to the "Singapore Stock Exchange" contained in this prospectus supplement are to the Singapore
Exchange Securities Trading Limited.

Additional Information
The information in this prospectus supplement is in addition to the information contained in the Republic's
prospectus dated October 18, 2005. The accompanying prospectus contains information regarding the Republic,
as well as a description of some terms of the Notes. You can find further information regarding the Republic and
the Notes in registration statement no. 333-118631, as amended (the "registration statement"), relating to the debt
securities of the Republic, which is on file with the Securities and Exchange Commission.

The Government is Responsible for the Accuracy of the Information in this Document
The Government is responsible for the accuracy of the information in this prospectus supplement and the
accompanying prospectus and confirms that, to the best of the Government's knowledge, the information
contained in this prospectus supplement and the accompanying prospectus is in accordance with the facts and that
the Government has included all facts that should be included not to mislead potential investors. The delivery of
this prospectus supplement and the accompanying prospectus at any time does not imply that any information
contained in this prospectus supplement and the accompanying prospectus is correct at any time subsequent to
the date of this prospectus supplement.
The Singapore Stock Exchange takes no responsibility for the contents of this prospectus supplement and the
accompanying prospectus and makes no representation as to liability whatsoever for any loss howsoever arising
from or in reliance upon the whole or any part of the contents of this prospectus supplement and the
accompanying prospectus.

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Form 424(B)(2)
Not an Offer if Prohibited by Law
The distribution of this prospectus supplement and the accompanying prospectus, and the offer of the Notes, may
be legally restricted in some countries. If you wish to distribute this prospectus supplement or the accompanying
prospectus, you should observe any restrictions. This prospectus supplement and the accompanying prospectus
should not be considered an offer, and it is prohibited to use them to make an offer, in any state or country which
prohibits the offering. For a description of some restrictions on the offering and sale of the Notes and the
distribution of this prospectus supplement and the accompanying prospectus, see "Underwriting--Foreign
Selling Restrictions" beginning on page S-17 of this prospectus supplement.

S-1
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Form 424(B)(2)
Table of Contents
The Notes may not be offered or sold in Korea, directly or indirectly, or to any resident of Korea, except as
permitted by Korean law. For more information, see "Underwriting--Foreign Selling Restrictions--
Korea" beginning on page S-17 of this prospectus supplement.
CERTAIN PERSONS PARTICIPATING IN THE OFFERING MAY ENGAGE IN TRANSACTIONS
THAT STABILIZE, MAINTAIN OR OTHERWISE AFFECT THE PRICE OF THE NOTES,
INCLUDING OVER-ALLOTMENT, STABILIZING AND SHORT-COVERING TRANSACTIONS IN
SUCH NOTES, AND THE IMPOSITION OF A PENALTY BID, IN CONNECTION WITH THE
OFFERING. FOR A DESCRIPTION OF THESE ACTIVITIES, SEE "UNDERWRITING" IN THIS
PROSPECTUS SUPPLEMENT.

S-2
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Form 424(B)(2)
Table of Contents
SUMMARY OF THE OFFERING
This summary highlights selected information from this prospectus supplement and the accompanying prospectus
and may not contain all of the information that is important to you. To understand the terms of the Notes, you
should carefully read this prospectus supplement and the accompanying prospectus.
Issuer
The Republic of Korea.
Notes
500,000,000 aggregate principal amount of 3.625% notes due
November 2, 2015 and US$400,000,000 aggregate principal amount of
5.625% notes due November 3, 2025.
Maturity Date
The Euro-denominated Notes will mature on November 2, 2015 and the
U.S. dollar-denominated Notes will mature on November 3, 2025.
Interest
The Euro-denominated Notes will bear interest at the rate of 3.625% per
year and the U.S. dollar-denominated Notes will bear interest at the rate
of 5.625% per year. Interest of the U.S. dollar-denominated Notes will
be computed based on a 360-day year consisting of twelve 30-day
months. If interest on the Euro-denominated Notes is required to be
calculated for any period of less than a year, it will be calculated based
on the actual number of days elapsed divided by 365 or (in the case of a
leap year) 366.
Interest Payment Dates
Interest on the Euro-denominated Notes will be paid annually on
November 2 of each year, beginning on November 2, 2006. Interest on
the U.S. dollar-denominated Notes will be paid twice each year on May
2 and November 2 of each year, beginning on May 2, 2006. Interest on
the Notes will accrue from November 2, 2005.
Denominations
The Euro-denominated Notes will be issued in minimum denominations
of 50,000 principal amount and integral multiples of 1,000 in excess
thereof and the U.S. dollar-denominated Notes will be issued in
minimum denominations of US$100,000 principal amount and integral
multiples of US$1,000 in excess thereof.
Redemption
The Republic may not redeem the Notes prior to maturity.

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Form 424(B)(2)
Form and Settlement
The Republic will issue the Euro-denominated Notes in the form of one
or more fully registered global notes, registered in the name of a
nominee of, and deposited with the common depositary for, Euroclear
Bank S.A./N.A., as operator of the Euroclear System ("Euroclear") and
Clearstream Banking, société anonyme ("Clearstream"). The Republic
will issue the U.S. dollar-denominated Notes in the form of one or more
fully registered global notes, registered in the name of a nominee of The
Depository Trust Company ("DTC"). Except as described in the
accompanying prospectus under "Description of the Debt Securities--
Global Securities" and in this prospectus supplement under "Description
of the Notes--Form and Registration--Certificated Notes," the global
notes will not be

S-3
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Form 424(B)(2)
Table of Contents
exchangeable for Notes in definitive registered form and will not be issued in
definitive registered form. Financial institutions, acting as direct and indirect
participants in DTC, Euroclear and Clearstream, as the case may be, will
represent your beneficial interests in the global notes. These financial institutions
will record the ownership and transfer of your beneficial interest through book-
entry accounts. You may hold your beneficial interests in the U.S. dollar-
denominated Notes through Euroclear or Clearstream if you are a participant in
such systems, or indirectly through organizations that are participants in such

systems. Ownership of beneficial interests in the Euro-denominated Notes will
be limited to persons who are participants in Euroclear and Clearstream and
persons who hold interests through such participants. Any secondary market
trading of book-entry interests in the U.S. dollar-denominated Notes will take
place through DTC participants, including Euroclear and Clearstream. Any
secondary market trading of book-entry interests in the Euro-denominated Notes
will take place through Euroclear and Clearstream participants. See "Clearance
and Settlement".
Listing and Markets
Approval in-principle has been obtained for the listing and quotation of
the Notes on the Singapore Stock Exchange. For so long as the Notes
are listed on the Singapore Stock Exchange, the Notes will be traded on
the Singapore Stock Exchange in a minimum board lot size of US
$200,000 and 200,000 in respect of the U.S. dollar-denominated Notes
and the Euro-denominated Notes, respectively. The Republic will offer
the Notes for sale in countries in the Americas, Europe, Asia and
elsewhere where it is legal to make such offers.
Status of Notes
The Notes will constitute direct, unconditional, unsecured and
unsubordinated obligations of the Republic. The Notes will rank at least
equally in right of payment, without any preference among themselves,
with all of the Republic's existing and future unsecured and
unsubordinated External Indebtedness (as defined in "Description of the
Debt Securities--Status of Debt Securities" in the accompanying
prospectus). See "Description of the Notes--Status of the Notes" in this
prospectus supplement and "Description of the Debt Securities--Status of
Debt Securities" in the accompanying prospectus.

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Document Outline