Obligation Koreana 7.125% ( US50064FAJ30 ) en USD

Koreana

100 % ⇌

Coree du Sud

US50064FAJ30 ( en USD )

7.125% par an ( paiement semestriel )

16/04/2019 - Obligation échue

Prospectus brochure de l'obligation Korea US50064FAJ30 en USD 7.125%, échue

100 000 USD

1 500 000 000 USD

50064FAJ3

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 US50064FAJ30, paye un coupon de 7.125% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 16/04/2019

Form 424 (B)(2)
Page 1 of 91
424B2 1 d424b2.htm FORM 424 (B)(2)
Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration No. 333-157904
PROSPECTUS SUPPLEMENT
(To Prospectus dated April 3, 2009)

The Republic of Korea
US$1,500,000,000 5.750% Notes due 2014
US$1,500,000,000 7.125% Notes due 2019
The US$1,500,000,000 aggregate principal amount of 5.750% Notes due 2014 (the "5 Year Notes") will mature on
April 16, 2014 and the US$1,500,000,000 aggregate principal amount of 7.125% Notes due 2019 (the "10 Year Notes", and
together with the 5 Year Notes, the "Notes") will mature on April 16, 2019. The 5 Year Notes will bear interest at the rate of
5.750% per year, and the 10 Year Notes will bear interest at the rate of 7.125% per year. Interest on the Notes is payable on
April 16 and October 16 of each year, beginning on October 16, 2009. 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 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.

5 Year Notes

10 Year Notes

Per Note
Total

Per Note
Total
Public offering price

99.512%
US$1,492,680,000
99.052%
US$1,485,780,000
Underwriting discounts

0.210%
US$
3,150,000
0.210%
US$
3,150,000
Proceeds to the Republic
(before expenses)(1)

99.302%
US$1,489,530,000
98.842%
US$1,482,630,000
(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 public offering price to the public, you will have to pay for interest accrued on the Notes from April
16, 2009, if any.
Application has been made for the listing and quotation of the Notes on the Singapore Exchange Securities Trading
Limited (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 Notes to investors through the book-entry facilities of The Depository Trust
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Form 424 (B)(2)
Page 2 of 91
Company on or about April 16, 2009.

Joint Bookrunners

Citi
Credit Suisse
Deutsche Bank
Goldman Sachs International
Merrill Lynch & Co.
Samsung Securities
The date of this prospectus supplement is April 8, 2009.
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Form 424 (B)(2)
Page 3 of 91
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 jurisdiction 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.

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Form 424 (B)(2)
Page 4 of 91
Table of Contents
TABLE OF CONTENTS
Prospectus Supplement

Page
SUMMARY OF THE OFFERING

S-3
RECENT DEVELOPMENTS

S-6
DESCRIPTION OF THE NOTES

S-7
CLEARANCE AND SETTLEMENT
S-11
UNITED STATES TAX CONSIDERATIONS
S-14
UNDERWRITING
S-15
LEGAL MATTERS
S-19
GENERAL INFORMATION
S-19
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

6
The Financial System

20
Monetary Policy

26
Balance of Payments and Foreign Trade

29
Government Finance

34
Debt

36
Tables and Supplementary Information

37
DESCRIPTION OF THE DEBT SECURITIES

40
General Terms of the Debt Securities

40
Payments of Principal, Premium and Interest

41
Repayment of Funds; Prescription

41
Global Securities

42
Additional Amounts

43
Status of Debt Securities

44
Negative Pledge Covenant

44
Events of Default

45
Modifications and Amendments; Debt Securityholders' Meetings

46
Fiscal Agent

49
Further Issues of Debt Securities

49
Governing Law, Jurisdiction, Consent to Service and Enforceability

50
LIMITATIONS ON ISSUANCE OF BEARER DEBT SECURITIES

51
TAXATION

52
Korean Taxation

52
United States Tax Considerations

53
PLAN OF DISTRIBUTION

61
LEGAL MATTERS

62
AUTHORIZED REPRESENTATIVES IN THE UNITED STATES

62
OFFICIAL STATEMENTS AND DOCUMENTS

62
FORWARD-LOOKING STATEMENTS

62
FURTHER INFORMATION

63

i
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Form 424 (B)(2)
Page 5 of 91
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 the "5 Year Notes" contained in this prospectus supplement are to the
US$1,500,000,000 aggregate principal amount of 5.750% notes due 2014 and all references to the "10 Year Notes" contained
in this prospectus supplement are to the US$1,500,000,000 aggregate principal amount of 7.125% Notes due 2019. The 5
Year Notes and the 10 Year Notes will be collectively referred to as the "Notes".
Unless otherwise indicated, all references to "won", "Won" or "(Won)" contained in this prospectus supplement are to
the currency of Korea and references to "U.S. dollars", "Dollars", "dollars", "$" or "US$" are to the currency of the United
States of America.
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 April 3, 2009. 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.
333-157904, 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 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.
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--Non-U.S. Selling Restrictions" beginning on page S-16 of this prospectus
supplement.
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--Non-U.S. Selling Restrictions--Korea" on page
S-16 of this prospectus supplement.

S-1
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Form 424 (B)(2)
Page 6 of 91
Table of Contents
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)
Page 7 of 91
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
US$1,500,000,000 aggregate principal amount of 5.750% notes due 2014
and US$1,500,000,000 aggregate principal amount of 7.125% notes due
2019.
Maturity Date
The 5 Year Notes will mature on April 16, 2014 and the 10 Year Notes
will mature on April 16, 2019.
Interest
The 5 Year Notes will bear interest at the rate of 5.750% per year and the
10 Year Notes will bear interest at the rate of 7.125% per year. Interest on
the Notes will be computed based on a 360-day year consisting of twelve
30-day months.
Interest Payment Dates
Interest on the Notes will be paid twice each year on April 16 and October
16 of each year, beginning on October 16, 2009. Interest on the Notes will
accrue from April 16, 2009.
Denominations
The Notes will be issued in 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.
Form and Settlement
The Republic will issue the 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 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 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 Notes through
Euroclear Bank S.A./N.V. ("Euroclear") or Clearstream Banking, société
anonyme ("Clearstream") if you are a participant in such systems, or
indirectly through organizations that are participants in such systems. Any
secondary market trading of book-entry interests in the Notes will take
place through DTC participants, including Euroclear and Clearstream. See
"Clearance and Settlement".
Listing and Markets
Application has been made 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. 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.

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Form 424 (B)(2)
Page 8 of 91
S-3
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Form 424 (B)(2)
Page 9 of 91
Table of Contents
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.

Negative Pledge
Subject to certain exceptions, if any of the Notes are outstanding, the
Republic will not create or permit to subsist any Security Interest (as
defined in "Description of the Debt Securities--Negative Pledge
Covenant" in the accompanying prospectus) on the Republic's assets as
security for any of the Republic's Public External Indebtedness (as defined
in "Description of the Debt Securities--Negative Pledge Covenant" in the
accompanying prospectus), unless the Notes are secured equally and
ratably with such Public External Indebtedness. See "Description of the
Debt Securities--Negative Pledge Covenant" in the accompanying
prospectus.
Delivery of the Notes
The Republic expects to make delivery of the Notes, against payment in
same-day funds on or about April 16, 2009, which the Republic expects
will be the sixth business day following the date of this prospectus
supplement, referred to as "T+6". You should note that initial trading of
the Notes may be affected by the "T+6" settlement. See "Underwriting--
Delivery of the Notes" in this prospectus supplement.
Taxation
The Republic will make all payments of principal of and interest on the
Notes without withholding or deducting any present or future taxes
imposed by the Republic or any of its political subdivisions, unless
required by law. In that event, the Republic will pay additional amounts as
necessary to ensure that you receive the same amount as you would have
received without such withholding or deduction, subject to certain
exceptions provided in the accompanying prospectus. See "Description of
the Debt Securities--Additional Amounts" in the accompanying
prospectus. For a description of certain United States tax aspects of the
Notes, see "Taxation--United States Tax Considerations" in the
accompanying prospectus.
Fiscal Agent
The Bank of New York Mellon.
Further Issues
The Republic may, without the consent of the holders of the Notes, create
and issue additional debt securities with the same terms and conditions as
the Notes (except for the public offering price and issue date) and
consolidate such additional debt securities to form a single series with the
Notes. See "Description of the Debt Securities--Further Issues of Debt
Securities" in the accompanying prospectus.

S-4
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Form 424 (B)(2)
Page 10 of 91
Table of Contents
Governing Law
The Notes and the fiscal agency agreement will be governed by the laws of
the State of New York. The laws of the Republic will govern all matters
governing the authorization, execution and delivery of the Notes and the
fiscal agency agreement by the Republic.
Collective Action Clauses
The Notes will be designated "collective action debt securities" (as defined
in "Description of the Debt Securities--Events of Default--Collective
Action Debt Securities" and "Description of Debt Securities--
Modifications and Amendments; Debt Securityholders' Meetings--
Collective Action Debt Securities" in the accompanying prospectus) and
will contain certain provisions, commonly referred to in this prospectus
supplement and the accompanying prospectus as "collective action
clauses", regarding acceleration and voting on amendments, modifications
and waivers. As such, the Notes will contain provisions under which the
Republic may, among other things, amend the payment provisions and
certain other material terms of the Notes with the consent of the holders of
not less than 75% of the aggregate principal amount of the outstanding
Notes. See "Description of the Debt Securities-- Events of Default--
Collective Action Debt Securities" and "Description of Debt Securities--
Modifications and Amendments; Debt Securityholders' Meetings--
Collective Action Debt Securities" in the accompanying prospectus.

S-5
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