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Korea’s labour market proved to be particularly resilient in the wake of the global financial crisis. The unemployment rate has remained very low, hovering between 3.5 and 4.5% over the past decade (it was 4.2% in April 2017), while employment, as a share of the population aged 15-74, rose steadily to reach 64.7% in the first quarter of 2017, 3.5 percentage points above the OECD average.
Regulatory reform has been a top priority in Korea for several successive administrations. Maintaining momentum for reform in Korea will be essential for producing tangible results and supporting inclusive growth, productivity and innovation. The Regulatory Reform Review of Korea provides key insights into a mature regulatory system and follows two previous Regulatory Reform Reviews of Korea completed in 2000 and 2007. It identifies a number of areas where improvements could help Korea reap the full benefits of the reforms introduced so far.
It stresses the need for a clear strategy for regulatory policy in order to make better use of the resources deployed.
Over the past ten years economic growth in Asia has contributed to a reduction of poverty as well as fertility rates, and greater prosperity has contributed to gains in life expectancy. However, at present many workers still work in informal employment, frequently for long hours at little pay and without social protection coverage. A growing demand for social support, extending the coverage of social protection benefits and improving the job quality of workers will be among Asia’s major challenges in future. This report considers these challenges, providing policy examples from countries to illustrate good practice, including Bangladesh, Indonesia, Japan, Korea, Malaysia, Pakistan, Singapore and Viet Nam.
This report analyses the relationship between urban transport and inclusive development in Korea. First, it looks at how Korea is shifting from car-centered transport towards people-centered mobility. It discusses opportunities and challenges posed by current urban transport arrangements in Korea, and proposes options for improving urban transport governance. Second, the report uses advanced data analysis and space syntax methods to examine how accessibility to public transport shapes inclusiveness in Korean metropolitan areas. Third, it analyses public transport in four selected Korean cities (Seoul, Suwon, Changwon and Sejong), which offer interesting insights into how public transport policies can be tailored to local socio-economic profiles and urban landscapes.
Korea has improved access to environmental services and become a world leader in climate change mitigation technology.
This country note presents student performance in science, reading and mathematics, and measures equity in education in Korea. The interactive charts allow you to compare results with other countries participating in the OECD Programme for International Student Assessment (PISA).
This annual publication presents detailed country notes and internationally comparable tax data for all OECD countries from 1965 onwards.
This publication provides detailed country notes on Value Added Tax/Goods and Services Tax (VAT/GST) and excise duty rates in OECD member countries.
In 2014, the tax-to-GDP ratios of Indonesia, Malaysia, the Philippines and Singapore were below 17% of GDP compared to Japan and Korea, which both recorded tax-to-GDP ratios above 24%,according to new data released in the third edition of the OECD’s annual publication Revenue Statistics in Asian Countries.
The Secretary-General opened a seminar marking the 20th anniversary of Korea’s membership in the OECD. He also delivered a keynote speech at the Seoul Economic-Democratisation Forum and met with Korean President Geun-hye Park.