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Korea


  • 27-November-2018

    English

    New report says better metrics could have prompted stronger response to the crisis

    Better measurement of the economy and of people’s well-being could have led governments to respond more strongly to mitigate the damage caused by the 2008 financial crisis and reduce people’s continuing loss of trust in public institutions, according to a new report.

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  • 26-November-2018

    English

    The Future of Well-being

    Korea has consistently positioned itself at the leading edge of societal and technological change. Nowhere is that more visible than here in Incheon, an ultra-modern, forward-looking city by the sea.

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  • 23-November-2018

    English

    Mr. Angel Gurría, Secretary-General of the OECD, in Incheon, Korea, on 26-27 November 2018

    Mr. Angel Gurría, Secretary-General of the OECD, will be in Incheon, Korea, on 26-27 November 2018 to attend the 6th OECD World Forum on Statistics, Knowledge and Policy, where he will deliver a Keynote Address at the Inaugural session.

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  • 10-October-2018

    English

    Enhancing dynamism in SMEs and entrepreneurship in Korea

    Making SMEs and start-ups a driver of growth and job creation requires a number of policies to improve the performance of SMEs, whose labour productivity in the manufacturing sector has fallen to less than a third of that in large companies.

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  • 10-October-2018

    English

    Reforming the large business groups to promote productivity and inclusion in Korea

    Large business groups, which played a key role in Korea's economic development, are still dominant today, especially in exporting.

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  • 20-June-2018

    English

    Economic Survey of Korea 2018

    Korea’s transformation from one of the poorest countries in the world in the 1950s to a major industrial power and member of the OECD was exceptionally rapid, reflecting good policies, notably sound fiscal and monetary policy, high levels of investment in human and physical capital and an outward orientation that increased its share of world trade.

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  • 20-June-2018

    English

    Deeper reforms in Korea will ensure more inclusive and sustainable growth

    Short-term prospects for the Korean economy are good, with an uptick in world trade and fiscal policy driving growth, but productivity remains relatively low and the country faces the most rapid population ageing in the OECD area, according to a new report from the OECD.

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  • 9-February-2018

    English

    Inclusive Growth in Seoul, Korea

    This report, undertaken within the framework of the OECD Champion Mayors for Inclusive Growth initiative, assesses inclusive growth trends and challenges in the Seoul metropolitan area. The analysis goes beyond income to assess the barriers faced by specific groups - non-regular workers, youth, women, the elderly and migrants - across four dimensions: education, labour market, housing and the urban environment, and infrastructure and public services. The study then takes a closer look at two major policy efforts by the Seoul Metropolitan Government to advance inclusive growth. The study analyses the city’s efforts to ensure that strategies to address climate change also protect and benefit the most vulnerable populations, notably through the Promise of Seoul, which puts citizen welfare and social inclusion at the heart of the city’s efforts to tackle climate change. The study also assesses the efforts of city authorities to level the playing field for small firms and entrepreneurs through its Economic Democratisation Agenda.
  • 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, with the co-operation of the Asian Development Bank and with the financial support of the European Union. 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.
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