18-September-2014

English

Addressing high household debt in Korea

Rising household debt has become a major policy concern in Korea. By the end of 2012, it had risen to 164% of disposable income, well above the OECD average of 133%.

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18-September-2014

English

Reducing the high rate of poverty among the elderly in Korea

One-half of Korea's population aged 65 and over lives in relative poverty, nearly four times higher than the OECD average of 13%. Elderly poverty is thus an urgent social problem.

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18-September-2014

English

Promoting the financing of SMEs and start-ups in Korea

The Korean government has made fostering a “creative economy” a top priority. The goal is to shift Korea's economic paradigm to one based on innovation in which new start-ups and venture businesses play a key role.

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29-July-2014

English

Reducing income inequality and poverty and promoting social mobility in Korea

To strengthen social cohesion, a top government priority, it is essential to address the labour market roots of inequality by breaking down dualism to reduce the share of non-regular workers and to boost the employment ratio toward the government’s 70% target.

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29-July-2014

English

Fostering a creative economy to drive Korean growth

A creative economy requires innovation-friendly conditions. Korea’s innovation system should be improved by upgrading universities and expanding their role in business R&D, while increasing international collaboration in R&D from its current low level.

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17-June-2014

English

Economic Survey of Korea 2014

Output growth of around 4% is projected in 2014-15. However, a new growth strategy is essential to foster a creative economy and sustain growth. Policies are also needed to reduce income inequality and poverty, particularly among the elderly.

Also Available

16-June-2014

English

Korea: Implement reforms to develop a creative economy, OECD says

Korea needs to move away from its current economic model and implement a range of reforms to develop a creative economy that can sustain long-term growth, according to the latest OECD Economic Survey of Korea. The strategy should be accompanied by new measures to reduce income inequality and poverty, particularly among the elderly, the OECD said.

21-February-2014

English

Going for Growth 2014: Korea

Korea has achieved robust economic growth relative to other OECD countries since the financial and economic crisis, but its growth prospects are burdened by high levels of household debt and, in the medium term, rapid population ageing.

2-July-2013

English

Labour market policies to promote growth and social cohesion in Korea

Labour market reform to improve growth prospects and reduce inequality is a top priority in the face of rapid population ageing and a dualistic labour market. Sustaining output growth requires policies to mitigate the impact of rapid population ageing by increasing labour inputs from under-employed segments of the population.

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2-July-2013

English

Education reform in Korea

The rapid expansion of education in Korea is exceptional and has played a key role in its economic development. Sustaining Korea’s growth potential in the face of demographic headwinds requires further improving the education system to boost productivity growth.

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