Korea

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.

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.

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.

Meeting of the OECD Council at Ministerial Level 2015

Focused on "Unlocking investment for sustainable growth and jobs", the 2015 OECD Ministerial Council Meeting (MCM) will be held at the OECD Headquarters in Paris on Wednesday and Thursday 3-4 June 2015, under the chairmanship of the Netherlands, with the Czech Republic, France and Korea as Vice-Chairs.

Industry and Technology Policies in Korea

Revenue Statistics in Asian Countries 2014 - Trends in Indonesia and Malaysia

Labour market policies to promote growth and social cohesion in Korea

Labour market reform to improve growth prospects and reduce inequality is a top priority in the face of rapid population ageing and a dualistic labour market. Sustaining output growth requires policies to mitigate the impact of rapid population ageing by increasing labour inputs from under-employed segments of the population.

Education reform in Korea

The rapid expansion of education in Korea is exceptional and has played a key role in its economic development. Sustaining Korea’s growth potential in the face of demographic headwinds requires further improving the education system to boost productivity growth.

OECD Central Government Debt Statistics 2012

Sustaining Korea’s convergence to the highest-income countries

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.