› Korea › More News
Report finds that some Korean policies, such as urban regeneration, new town development or multi-modal transferring centres, have implicitly implemented compact city polices to a certain degree. However, there are still issues - including urban sprawl, unbalanced socio-economic levels and environmental challenges - which can be threats to urban competitiveness.
This publication highlights new evidence on policies to support job creation, bringing together the latest research on labour market, entrepreneurship and local economic development policy to help governments support job creation in the recovery. It also includes a set of country pages featuring, among other things, new data on skills supply and demand at the level of smaller OECD regions (TL3).
Korea has made significant progress towards decentralising the management of employment and training programmes, but can still do more to create stronger links with employers at the local level, according to a new OECD report.
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%.
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.
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.
English, PDF, 163kb
Korea is still one of the countries with the lowest unemployment rate in the OECD countries – 3.7% in the second quarter of 2014. Nonetheless, Korea’s labour market has some structural challenges, one of which has been a relatively low employment rate, implying that the size of the inactive population is large.
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.
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.
English, PDF, 684kb
The ability to measure innovation is essential to an improvement strategy in education. This country note analyses how the practices are changing within classrooms and educational organisations and how teachers develop and use their pedagogical resources.