Mr. Angel Gurría, Secretary-General of the OECD, was in Seoul on 18-19 October 2017 to meet with President Moon Jae-in and with several other high-level officials. While in Seoul, the Secretary-General opened the 3rd Meeting of OECD Champion Mayors for Inclusive Growth, alongside Mr. Park Won-Soon, Mayor of Seoul.
English, PDF, 2,435kb
This spotlight on Korea is based on the data and insights presented in the OECD Digital Economy Outlook 2017. It highlights major digital developments in Korea that are crucial to leverage the potential and harness the opportunities of the digital transformation.
English, PDF, 352kb
Selected findings for Korea from the report "The Pursuit of Gender Equality: An Uphill Battle"
The report, building on a policy dialogue with a range of stakeholders in Korea, analyses how economic policy instruments under the responsibility of the Korean Ministry of Land, Infrastructure and Transport can be adjusted to contribute to water policy objectives. It also investigates how Smart Water Management Korea, an initiative by K-water that combines information and communication technology with water technology, can be harnessed to better contribute to water management in the country. Finally, it identifies some of the limitations of prevalent water allocation regimes which need to be addressed to make the best use of available water resources.
Since 1965, the Korean Government has invested heavily in quantitative development strategies to meet water needs, and despite highly variable water availability, this has allowed for and facilitated rapid urbanisation and economic growth. However, several long-term trends are expected to affect the capacity of the current water management system to adequately respond to current and future water risks, such as rapid ageing of the population, fiscal consolidation and climate change. These call for a renewed emphasis on water use efficiency.
The Co-operative Research Programme (CRP)'s Call for Applications for conference sponsorship and research fellowships for funding in 2018 is CLOSED. The CRP supports work on sustainable use of natural resources in agriculture, forests, fisheries and food production.
Learn about ongoing regulatory policy developments in Korea.
The fourth annual edition of Revenue Statistics in Asian Countries covers seven countries, including Kazakhstan for the first time. It shows that the tax-to-GDP ratio in all these countries are lower than the OECD average of 34.3% in 2015, which highlights that scope remains for increasing tax mobilisation, especially in Indonesia, Kazakhstan, Malaysia and the Philippines to achieve sustainable growth.
The Revenue Statistics in Asian Countries publication is jointly undertaken by the OECD Centre for Tax Policy and Administration and the OECD Development Centre. It compiles comparable tax revenue statistics for Indonesia, Japan, Kazakhstan, Korea, Malaysia, the Philippines and Singapore. The model is the OECD Revenue Statistics database which is a fundamental reference, backed by a well-established methodology, for OECD member countries. Extending the OECD methodology to Asian countries enables comparisons about tax levels and tax structures on a consistent basis, both among Asian economies and between OECD and Asian economies.
English, PDF, 268kb
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.