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The intensification of the global financial crisis in late 2008 led to large capital outflows from Korea and turmoil in its capital markets.
Korea’s health-care system has contributed to the marked improvement in health conditions, while limiting spending to one of the lowest levels in the OECD through high patient co-payments and limited coverage of public health insurance.
Korea’s greenhouse gas emissions almost doubled between 1990 and 2005, the highest growth rate in the OECD area.
Increasing productivity growth in the service sector, which accounts for 67% of employment and 58% of value added in Korea, is essential to sustain high potential growth.
The age of retirement of employees should be raised by eliminating mandatory retirement and phasing out the retirement allowance. Active labour market policies should focus on policies to expand human capital rather than wage subsidies.
Korea has one of the lowest tax burdens in the OECD area, reflecting its small public sector. However, rapid population ageing will put upward pressure on government spending.
This paper presents the role of entrepreneurship policies in supporting innovation in four OECD countries. It consists of a synthesis report based on the findings of country case studies on Korea, Mexico, Norway and Turkey. The case studies are appended to the synthesis report.
English, , 1,113kb
Addressing Labour Market Duality in Korea Labour market duality grew with "non-regular" work. Social concern led to the Act on the Protection of Fixed term and Part time Employees.
The 2006 OECD study offers an analysis of the CII security policies in four countries: Canada, Korea, the United Kingdom, and the United States - with a focus on the drivers for and challenges to their development.
English, , 380kb
This study looks at the situation in Korea which began actively promoting its environmental technologies in the early 1990s when the government identified environmental goods and services as one of several strategic national industries. (OECD Trade and Environment Working Paper No. 2004-03.)