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This review of vocational education and training (VET) in Korea is part of ―Learning for Jobs‖, the OECD policy study of VET – a programme of analytical work and individual country reviews designed to help countries make their VET systems more responsive to labour market needs.
Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.
Following a request by the Republic of Korea, the OECD Development Assistance Committee (DAC) agreed to conduct a Special Review of the country’s international development co-operation programme.
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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.
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.
Increasing productivity growth in the service sector, which accounts for 67% of employment and 58% of value added in Korea, is essential to sustain high potential growth.
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Downloadable case study by Korea for the OECD publication "The Impact of Culture on Tourism".
This paper presents the role of entrepreneurship policies in supporting innovation in four OECD countries. It consists of a synthesis report based on the findings of country case studies on Korea, Mexico, Norway and Turkey. The case studies are appended to the synthesis report.
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This report assesses progress made since 2000 and analyses many of the lessons of implementation of regulatory reform. It also highlights possible responses to current challenges (ageing society, future welfare needs) and includes a new special chapter on tertiary education.