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Total health spending in Korea exceeded seven per cent (7.1%) for the first time in 2010, up from 4.5% in 2000. The share of GDP allocated to health in Korea nonetheless remains well below the OECD average of 9.5%.
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, which has had the highest growth rate of greenhouse gas emissions in the OECD area since 1990, adopted an ambitious Green Growth Strategy in 2009.
Korea faces the challenge of reversing rising inequality while sustaining robust economic growth.
On the occasion of his visit to Seoul, Angel Gurría will present the OECD economic survey of Korea and will meet with government and business representatives.
Korea has improved its information and intelligence gathering capacity in foreign bribery cases, but should be more proactive in investigating allegations, according to a new OECD report.
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The Korean labour market bounced back quickly from the 2008-2009 global economic crisis. The 2011 OECD Employment Outlook shows that the rapid recovery of the Korean economy was reflected in the comparative resilience of its labour market performance.
Korea tops a new OECD PISA survey that tests how 15-year olds use computers and the Internet to learn. The next best performers were New Zealand, Australia, Japan, Hong-Kong China and Iceland.
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This report was prepared to help Korea identify and address main social policy challenges. It suggests specific policy options and a strategy to “go social”, based on the practices and reforms that have worked well in other countries.
"Fifteen years of co-operation between the OECD and Korea are only a start of what I believe will be a long and mutually beneficial journey.", said Mr Gurría at the OECD-Korea celebration event.