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This report was prepared to help Korea identify and address main social policy challenges. It suggests specific policy options and a strategy to “go social”, based on the practices and reforms that have worked well in other countries.
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A one-day capacity building event was held at the Trento Centre on Monday, 8th of November, 2010. A delegation from the Korean Ministry of Employment and Labour and Korean provincial governments visited the Trento Centre to examine strategies for stimulating local employment
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This note is taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2010.
The development of tailored recommendations to promote and enhance the contribution of the social economy in fostering social inclusion is the aim of the project and guidance is being provided to national, regional and local actors on how to improve social inclusion capacity effectively.
Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.
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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.
This report provides valuable insights into how labour policies can be expanded to meet economic development and social cohesion goals, while also reconciling national and local concerns...