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  • 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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  • 3-September-2014

    English, PDF, 163kb

    OECD Employment Outlook 2014 - Key findings for Korea

    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.

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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-July-2014

    English, PDF, 684kb

    Measuring Innovation in Education - Korea

    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.

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  • 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.

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  • 15-April-2014

    English

    Taxing Wages: Country note for Korea

    The average worker in Korea faced a tax burden on labour income (tax wedge) of 21.4% in 2013 compared with the OECD average of 35.9%. Korea was ranked 30 of the 34 OECD member countries in this respect.

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  • 14-March-2014

    English

    Strong Performers and Successful Reformers in Education - Lessons from PISA for Korea

    The story of Korean education over the past 50 years is one of remarkable growth and achievement. Korea is one of the top performing countries in the Programme for International Student Assessment (PISA) survey and among those with the highest proportion of young people who have completed upper secondary and tertiary education.

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