The invitation for Korea to join the OECD represented the culmination of 35 years of extraordinary growth, which transformed Korea into a major industrial power with a leading innovation capacity. Korea has been among our most rapidly growing members over the past two decades, achieving a GDP growth rate of 4.2%, double the OECD average, and boosting per capita income from 57% of the OECD average in 1996 to 87% in 2015.
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.
Labour market reforms are essential to promote social cohesion by removing obstacles to employment, particularly for women, youth and older persons.
Raising productivity requires addressing a wide range of policies that affect resource allocation, the creation and diffusion of technology, human capital and the creation and financing of start-ups.
English, PDF, 865kb
The number of young people not in employment, education or training (NEETs) remains elevated in many countries since the crisis. This country note examines the characteristics of those at risk of being NEET in Korea with policies to help meet the challenge. It also includes many new youth-specific indicators on family formation, self-sufficiency, income and poverty, health and social cohesion.
English, PDF, 513kb
This country note provides an environmental tax and carbon pricing profile for Korea. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates.
The OECD/Korea Policy Centre fosters the exchange of technical information and policy experiences relating to the Asia Pacific region in areas such as health statistics, pension reforms and social policy and expenditure.
This database provides information on environmentally related taxes, fees and charges, tradable permit systems, deposit refund systems, environmentally motivated subsidies and voluntary approaches used in environmental policy in OECD member countries and a number of other countries. Developed in co-operation between the OECD and the European Environment Agency.
This report provides a series of indicators on Korea's policymaking practices and government performance compared to those of other OECD countries and of the G7 countries. Based on the Korean government reform objectives, this publication discusses how to strengthen evidence-based policymaking in the Korean public administration and, more generally, how to improve public service delivery and results for more inclusive growth. Although Korea is currently in an enviable fiscal situation compared to other OECD and G7 countries, the growing old-age-dependency ratio will inevitably increase budget pressures in the coming years. Concrete actions are therefore needed now to promote greater efficiency and value for money in public spending and public service delivery.
Data on government support to agriculture in the OECD area and other major economies, measured by the Producer Support Estimate (PSE) and Consumer Support Estimate.