HC Deb 14 July 1994 vol 246 c755W
Mr. Gordon Prentice

To ask the Secretary of State for Foreign and Commonwealth Affairs what assessment he has made of when the per capita income of Korea will be greater than the United Kingdom.

Mr. Douglas Hogg

According to IMF statistics, the per capita income in 1992 in south Korea was $6,747 and in the United Kingdom $18,370. In recent years, South Korea's economy has grown faster than our own. But forecasting comparative growth rates any distance into the future is an unprofitable business.