Statistics Working Paper N. 45- 2012/2 - This Statistics Working Paper, based on a production-theoretic framework, measures the effects of real output prices, primary inputs, multi-factor productivity growth, and depreciation on Korea’s real net income growth over the past 30 years. The empirical analysis is based on a new dataset for Korea with detailed information on labour and capital inputs, including series on land and
Korea, the world’s thirteenth-largest economy and the seventh-largest exporter, is an energy-intensive nation. In 2008, the country adopted a long-term “green growth” strategy to foster economic development by means of low-carbon technologies and clean energy; since then, the government has implemented many policies to support these goals.
In 2012, Korea announced an emissions-trading scheme -- the first of its kind in Asia -- which will be implemented in 2015. This represents a major step towards achieving its target of a 30% reduction in greenhouse gas emissions by 2020. Strong energy efficiency policies have been developed to complement the emissions-reduction target. Korea has made efforts to enhance energy security by taking measures to diversify energy sources, reduce the use of fossil fuels and foster the development of renewable energy alongside the expansion of its nuclear energy programme. Government expenditure on energy-related RD&D is among the highest in the OECD.
Progress in some sectors has been slower, and the lack of a clear, long-term vision for its electricity and natural gas markets is one of the greatest energy-policy challenges facing the Korean government. Energy markets are dominated by incumbents and have been slow to open up to competition.
This review analyses the energy-policy challenges facing Korea and provides sector-based assessments and recommendations for further policy improvements. It is intended to help guide the country towards a more secure and sustainable energy future.
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Korea has reduced the share of individuals without upper secondary education while the proportion of tertiary-educated individuals increased rapidly over the past 14 years.
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OECD Reviews of Vocational Education and Training: A Skills beyond School Review of Korea
Switzerland tops for the first time the OECD fixed broadband ranking, with 39.9 subscribers per 100 inhabitants, followed closely by the Netherlands (39.1) and Denmark (37.9). The OECD average is 25.6, according to new OECD statistics.
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The Korean labour market continues to perform well after a quick recovery from the global economic crisis. Korea’s unemployment rate was 3.2% in May 2012, 0.2% point lower than a year earlier, and nearly down to its pre-crisis level of 3.1%.
Governments looking to boost their fisheries sector should review their policies to create incentives for economically and environmentally sustainable fisheries, according to a new OECD report.
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한국의 GDP 대비 국민의료비 비중은 2000년 4.5% 에서 2010년 처음으로 7%을 넘은 것(7.1%)으로 나타났다. 그러나 한국의 GDP 대비 국민의료비 비중 7.1%는 OECD 평균 9.5 %에 비해서는 낮은 편이다. 미국은 GDP 대비 17.6%로 가장 높다.
While Korea remains one of the fastest-growing OECD economies, its potential growth rate per capita is projected to decelerate from around 4% during the current decade to around 2¼ per cent during the 2030s.
Korea faces the challenge of reversing rising inequality while sustaining robust economic growth.