Oecd Economic Surveys Korea 2014

OECD's 2014 Economic Survey of Korea examines recent economic developments, policies and prospects. Special chapters cover fostering a creative economy and reducing income inequality and poverty.

OECD's 2013 Economic Survey of Israel examines recent economic developments, prospects and policies. Special chapters cover health care and the tax and transfer system.

This 2016 OECD Economic Survey of the Korea examines recent economic developments, policies and prospects. The special chapters cover: Raising productivity and Labour market reform.

This 2005 Economic Survey of Korea's economy examines key challenges in Korea's shift to a more market-oriented and open economy. In particular, it covers public sector decentralisation, innovation and the education system, enhancing flexibility and ...

Annotation Korea has been among the fastest growing OECD countries during the past decade. However, subdued growth during 2011-12 revealed structural problems, such as high household debt, a lagging service sector and weak small and medium-sized enterprises (SMEs). This has raised concerns about Korea's traditional catch-up strategy led by exports produced by large chaebol companies. In addition, Korea has experienced a rise in relative poverty and income inequality since 1997, although both have fallen recently. The new growth strategy aims at fostering a 'creative economy', in which venture businesses play a key role, accompanied by greater emphasis on social cohesion, including increased social spending and a roadmap to boost employment. Such initiatives will support the currentupturn, while promoting Korea's long-term convergence to the most advanced countries and enhancing social cohesion and well-being.

OECD's periodic review of Korea's economy. This edition includes chapters covering the recovery and short-term outlook, macroeconomic policy, the financisl system, the health care system, and Korea's green growth strategy.

Economic activity has contracted less in Korea than in other OECD countries, thanks to the prompt and effective reaction of the authorities to contain the spread of the COVID-19 virus and to the wide-ranging government support to households and businesses. Nevertheless, the pandemic generates strong headwinds.

Economic growth picked up in 2017, but reforms are needed to sustain Korea's convergence toward the income levels in the most advanced countries. Its labour productivity is 46% below the top half of OECD countries, reflecting problems in the service sector. In addition, productivity in small ...