Korea


  • 26-October-2017

    English

    Digitalisation: An Enabling Force for the Next Production Revolution in Korea

    Since joining the OECD in 1996, Korea has made impressive progress in raising living standards. Over 1996-2016, the country closed the gross domestic product (GDP) per capita gap with the OECD average by 26 percentage points. Vibrant exports underpinned strong economic growth, with Korea becoming the eighth largest exporter in the world. The country’s focus on innovation (its R&D spending is the second highest in the OECD) combined with its highly skilled population (it is among the top performers in the OECD’s Programme of International Student Assessment) supported this success. However, the convergence of Korea’s living standards to those in the most advanced countries has stalled in recent years. Output growth has slowed from 4.4% annually over 2001-10 to 2.8% since 2011. The country faces strong competition from emerging economies, notably the People’s Republic of China in low- and medium-end markets, and with advanced economies in high-end markets. This makes it more difficult for Korea to further expand its global market share.

  • 20-July-2017

    English

    Revenue Statistics in Asian Countries 2017 - Trends in Indonesia, Japan, Kazakhstan, Korea, Malaysia, the Philippines and Singapore

    The Revenue Statistics in Asian Countries publication is jointly undertaken by the OECD Centre for Tax Policy and Administration and the OECD Development Centre. It compiles comparable tax revenue statistics for Indonesia, Japan, Kazakhstan, Korea, Malaysia, the Philippines and Singapore. The model is the OECD Revenue Statistics database which is a fundamental reference, backed by a well-established methodology, for OECD member countries. Extending the OECD methodology to Asian countries enables comparisons about tax levels and tax structures on a consistent basis, both among Asian economies and between OECD and Asian economies.

  • 17-March-2017

    English, PDF, 101kb

    Going for Growth 2017 - Korea

    This country note for from Going for Growth 2017 Korea identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.

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  • 29-November-2016

    English

    Revenue Statistics in Asian Countries 2016 - Trends in Indonesia, Japan, Korea, Malaysia, the Philippines and Singapore

    This publication compiles comparable tax revenue statistics for Indonesia, Japan, Korea, Malaysia, the Philippines and Singapore. The model is the OECD Revenue Statistics database – a fundamental reference, backed by a well-established methodology, for OECD member countries. Extending the OECD methodology to Asian countries enables comparisons about tax levels and tax structures on a consistent basis, both among Asian economies and between OECD and Asian economies. This work has been is jointly undertaken by the OECD Centre for Tax Policy and Administration and the OECD Development Centre.

  • 16-May-2016

    English

    Korea needs new reforms to boost productivity, employment and growth

    Korea needs to boost productivity, increase employment and stoke economic activity as part of efforts to reverse current trends toward slower growth and low inflation, according to a new report from the OECD.

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  • 16-May-2016

    English

    Economic Survey of Korea 2016

    Korea is experiencing a spell of slower growth and low inflation. Productivity is low due to large gaps between manufacturing and services, and large companies and SMEs. Problems in the labour market raise inequality and poverty, and discourage employment.

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  • 9-February-2015

    English, PDF, 96kb

    Going for growth 2015 - Korea

    This country note for from Going for Growth 2015 Korea identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.

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  • 18-September-2014

    English

    Addressing high household debt in Korea

    Rising household debt has become a major policy concern in Korea. By the end of 2012, it had risen to 164% of disposable income, well above the OECD average of 133%.

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  • 18-September-2014

    English

    Reducing the high rate of poverty among the elderly in Korea

    One-half of Korea's population aged 65 and over lives in relative poverty, nearly four times higher than the OECD average of 13%. Elderly poverty is thus an urgent social problem.

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  • 18-September-2014

    English

    Promoting the financing of SMEs and start-ups in Korea

    The Korean government has made fostering a “creative economy” a top priority. The goal is to shift Korea's economic paradigm to one based on innovation in which new start-ups and venture businesses play a key role.

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