Reforming the tax system in Korea to promote economic growth and cope with rapid population ageing

Korea has one of the lowest tax burdens in the OECD area, reflecting its small public sector. However, rapid population ageing will put upward pressure on government spending.

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• Economic Survey of Korea 2008

Sustaining growth in Korea by reforming the labour market and improving the education system

The age of retirement of employees should be raised by eliminating mandatory retirement and phasing out the retirement allowance. Active labour market policies should focus on policies to expand human capital rather than wage subsidies.

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• Economic Survey of Korea 2008

Policy Brief: 2008년 OECD 한국경제보고서

한국은 경제활동을 위축시키고 물가인상을 압박하는 원자재 가격인상과 글로벌 금융위기로 인하여 어려움을 겪고 있다. 교역조건의 악화는 국민소득의 감소와 이에 따른 내수부진을 초래하고 있으며 전세계적인 무역 침체는 한국 수출을 둔화시키고 있다. 또한 급격한 환율 상승과 국제 금융위기의 심화는 경제전망을 더욱 더 어둡게 하고 있다. 최근의 재정지출을 통한 경기부양은 경제성장에 도움이 되겠지만 전반적인 한국경제의 재도약은 세계경제의 회복에 달려있다고 할 것이다. 한국은 이러한 단기적인 어려움과 함께 중기적으로도 지속가능한 경제성장을 달성하는데 있어 세제개혁, 서비스산업의 생산성 제고, 노동시장과 교육제도의 개혁 등 여러 가지 도전에 직면해 있다. 거시경제정책의 운용이 어려운 상황이다. 단기간으로 보면 통화정책은 경제활성화 지원과 금융시장 안정에 집중하여야 한다. 원화가치 지지를

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Policy Brief: Economic Survey of Korea, 2008

Korea has been hard-hit by the commodity price shock and the global financial crisis, which have slowed economic activity and pushed up inflation. The terms-of-trade loss reduced national income, thus damping domestic demand, while the slowdown in world trade has moderated Korea’s export growth. Moreover, the sharp exchange rate depreciation and the intensification of the global financial market crisis have further dimmed the outlook.

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Policy Brief: Economic Survey of Korea, 2007

Korea remains one of the fastest growing economies in the OECD area. Strength in high-technology sectors and strong demand from China have supported export growth over the past four years despite sluggish domestic demand. This growth pattern has exacerbated imbalances between the manufacturing and service sectors and between large and small firms, thus increasing income inequality and aggravating structural weaknesses. These problems,

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Policy Brief: Economic Survey of Korea, 2007 - Korean version

Korea remains one of the fastest growing economies in the OECD area. Strength in high-technology sectors and strong demand from China have supported export growth over the past four years despite sluggish domestic demand. This growth pattern has exacerbated imbalances between the manufacturing and service sectors and between large and small firms, thus increasing income inequality and aggravating structural weaknesses. These problems,

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Economic Policy Reforms: Going for Growth 2007: Korea Country Note

This note, taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2007, contains information about the progress in implementing reforms in line with the 2006 priorities for Korea.

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• Economic Policy Reforms: Going for Growth 2006
• Economic Policy Reforms: Going for Growth 2006 - Progress in Responding to the 2005 Policy Priorities: Country Notes (Chapter 2)
• Economic Policy Reforms 2005: Korea Country Note

List of Economic Surveys of Korea

Summary of Economic Surveys: Korea

Economic Policy Reforms: Going for Growth 2006: Progress in Responding to the 2005 Policy Priorities - Korea Country Note

This note, taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2006, contains information about the progress in implementing reforms in line with the 2005 priorities for Korea. In addition to passing of legislation or other decisions to implement reforms, the note records earlier stages of reform, such as government announcements and draft legislation presented to parliaments.

Related Documents

• Economic Policy Reforms: Going for Growth 2006
• Economic Policy Reforms: Going for Growth 2006 - Progress in Responding to the 2005 Policy Priorities: Country Notes (Chapter 2)
• Economic Policy Reforms 2005: Korea Country Note