Korea

Promoting social cohesion in Korea

Korea faces the challenge of reversing rising inequality while sustaining robust economic growth.

Achieving the “low carbon, green growth” vision in Korea

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.

A Framework for Growth and Social Cohesion in Korea

한국의 보건의료개혁 Korean version of Health-Care Reform in Korea

Korean version of Health-Care Reform in Korea(Economics Department Working Papers No. 797)

Korea: Health-care reform

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.

The Korean financial system: overcoming the global financial crisis and addressing remaining problems

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 green growth strategy: mitigating climate change and developing new growth engines

Korea’s greenhouse gas emissions almost doubled between 1990 and 2005, the highest growth rate in the OECD area.

Boosting productivity in Korea’s service sector

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.

Reforming the tax system in Korea to promote economic growth and cope with rapid population ageing

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.

Sustaining growth in Korea by reforming the labour market and improving the education system

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.