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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.
Two companion volumes focusing on the improvement of school leadership. Volume 1 provides a range of policy options to help governments improve school leadership. Volume 2 examines measures taken in five countries.
In his opening remarks delivered at the ICGN conference, Mr. Gurría noted that the recent global financial crisis and the ensuing impact on global economic confidence and growth prospects had highlighted the great relevance of corporate governance, and the key contribution it can make to stabili
In his speech, Mr. Gurría stated that the OECD has to work with developed and developing countries and international organizations, both to improve policies for the Internet economy and to increase international co-operation on issues such as cybercrime and security. He also stressed the need to better understand the role and contribution of the Internet and related ICTs as drivers of productivity and economic growth.