It is a great honour to be with you today to celebrate the 20th anniversary of Korea’s accession to our Organisation. The invitation to Korea to join the OECD represented the culmination of 35 years of extraordinary growth that transformed it from one of the poorest nations in the world to a major industrial power with one of the highest levels of R&D expenditure relative to GDP in the OECD.
Korea needs to boost productivity, increase employment and stoke economic activity as part of efforts to reverse current trends toward slower growth and low inflation, according to a new report from the OECD.
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In the past 30 years Korea has gone from having a limited medical infrastructure, fragmented financing and limited population coverage, to a health care system characterised by universal coverage, one of the highest life expectancies in the world while still having one of the lowest levels of health expenditure among OECD countries.
This case study presents the system of funding for political parties and elections in Korea. It also discusses the role of the National Election Commission in overseeing, monitoring and enforcing election regulations.
The 2015 edition introduces more detailed analysis of participation in early childhood and tertiary levels of education. The report also examines first generation tertiary-educated adults’ educational and social mobility, labour market outcomes for recent graduates, and participation in employer-sponsored formal and/or non-formal education.
CV and photo of the Korean Ambassador to the OECD.
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Of the recommendations identified in this report, and for which we have been able to quantify the likely impact, it is estimated that their implementation would increase the level of GDP by 2½% over 10 years, generating around 180,000 extra jobs.