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This “Country Chapter” provides a detailed description of tax and benefit rules in Korea in 2008 and a summary of policy trends.
Korea spent 6.8% of GDP on health, less than the OECD average of 8.9%. Spending per person has grown significantly over the past decade, but remains lower than average. The public sector provides slightly more than half of all health funding.
On 25 November, the DAC welcomed South Korea as its newest member. The Committee made its decision in a special session, during which Mr. Oh Joon, Korean Deputy Minister of Foreign Affairs, noted Korea’s eagerness to share its development experience – and success.
“Half a century ago,” said Oh Joon, “Korea was one of the poorest nations in the world, endeavouring to emerge from the ashes of the Korean War to rebuild itself.”
Economic forecasts for GDP, unemployment, inflation and fiscal balance
A year ahead of Korea chairing the next G20 Summit, Mr. Gurría described in Seoul the “cocktail” of strategy, policies and framework conditions that will enable economies to harness new sources of economic growth, prevent environmental degradation and enhance the quality of life.
OECD Secretary-General Angel Gurría has warned that unless a new generation of statistics is developed to measure social progress and well-being, people may lose confidence in institutions and in the capacity of governments to address their problems.
In a keynote speech delivered at the OECD 3rd World Forum on Statistics, Knowledge and Policy, Mr. Angel Gurría has warned that unless a new generation of statistics is developed to measure social progress and well-being, people may lose confidence in institutions and in the capacity of governments to address their problems.
Assessing the progress and failings of our societies requires a far broader set of measures than just economic indicators.
“Crashes result in an unacceptable burden of deaths and serious injuries on the roads in all countries”, said Jack Short, Secretary General of the International Transport Forum, explaining the purpose of the 4th IRTAD Conference in Seoul on safety data collection and analysis.
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The OECD Employment Outlook 2009 indicates that Korea’s unemployment rate may have peaked in June at 4.0%, since the July rate was slightly lower at 3.8%. The June rate represented a 1 percentage-point increase from its most recent trough in September 2008.