Korea tops a new OECD PISA survey that tests how 15-year olds use computers and the Internet to learn. The next best performers were New Zealand, Australia, Japan, Hong-Kong China and Iceland.

Korea tops a new OECD PISA survey that tests how 15-year olds use computers and the Internet to learn. The next best performers were New Zealand, Australia, Japan, Hong-Kong China and Iceland.

Korea tops a new OECD PISA survey that tests how 15-year olds use computers and the Internet to learn. The next best performers were New Zealand, Australia, Japan, Hong-Kong China and Iceland.

Weapons Sales in South Korea increased to 1083 USD Million in 2018 from 751 USD Million in 2017. Weapons Sales in South Korea averaged 172.56 USD Million from 1972 until 2018, reaching an all time high of 1083 USD Million in 2018 and a record low of 7 USD Million in 1994. Weapons Sales are presented as a Trend-Indicator Value based on the known unit production costs of a core set of weapons such as aircraft, air defence systems, anti-submarine warfare weapons, armoured vehicles, artillery, engines, missiles, sensors, satellites, ships and others. The indicator aims to represent the transfer value of military resources rather than the financial value of the transfer.

This study documents the liberalisation of the FDI regime in Korea between 1990 and 2010 and examines how and why it came about. The paper focuses on the lessons can we draw from the Korean experience about how to achieve rapid and sustainable reforms.

An overview of the long-term care situation in Korea is available here.

The OECD’s latest edition of Health at a Glance shows that medical care is improving in OECD countries, but better prevention and management of chronic diseases is required to reduce costs.

한국의 GDP 대비 국민의료비 비중은 2000년 4.5% 에서 2010년 처음으로 7%을 넘은 것(7.1%)으로 나타났다. 그러나 한국의 GDP 대비 국민의료비 비중 7.1%는 OECD 평균 9.5 %에 비해서는 낮은 편이다. 미국은 GDP 대비 17.6%로 가장 높다.

In the past 30 years Korea has gone from having a limited medical infrastructure, fragmented financing and limited population coverage, to a health care system characterised by universal coverage, one of the highest life expectancies in the world while still having one of the lowest levels of health expenditure among OECD countries.

Korea tops a new OECD PISA survey that tests how 15-year olds use computers and the Internet to learn. The next best performers were New Zealand, Australia, Japan, Hong-Kong China and Iceland.

Unemployment Rate in South Korea increased to 3.80 percent in March from 3.30 percent in February of 2020. Unemployment Rate in South Korea averaged 3.65 percent from 1999 until 2020, reaching an all time high of 7.10 percent in June of 1999 and a record low of 3 percent in September of 2002. In South Korea, the seasonally adjusted unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - South Korea Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Korea tops a new OECD PISA survey that tests how 15-year olds use computers and the Internet to learn. The next best performers were New Zealand, Australia, Japan, Hong-Kong China and Iceland.

The number of employed persons in South Korea decreased to 26842 Thousand in March of 2020 from 27522 Thousand in February of 2020. Employed Persons in South Korea averaged 24181.95 Thousand from 1999 until 2020, reaching an all time high of 27522 Thousand in February of 2020 and a record low of 20268 Thousand in June of 1999. In South Korea, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - South Korea Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Korea tops a new OECD PISA survey that tests how 15-year olds use computers and the Internet to learn. The next best performers were New Zealand, Australia, Japan, Hong-Kong China and Iceland.

Korea tops a new OECD PISA survey that tests how 15-year olds use computers and the Internet to learn. The next best performers were New Zealand, Australia, Japan, Hong-Kong China and Iceland.

Imports from South Korea in Turkey increased to 560.01 USD Million in March from 476.45 USD Million in February of 2020. Imports from South Korea in Turkey averaged 542.28 USD Million from 2014 until 2020, reaching an all time high of 764.94 USD Million in October of 2017 and a record low of 281.38 USD Million in April of 2014. This page includes a chart with historical data for Turkey Imports from South Korea.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.

Korea recovered faster and more vigorously from the global crisis than most OECD countries, but strong economic growth alone will not be enough to address the fundamental challenges posed by its rapidly ageing population and rising inequality, according to the latest Economic Survey of Korea.

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.

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.

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

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.

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.

Korea needs to move away from its current economic model and implement a range of reforms to develop a creative economy that can sustain long-term growth, according to the latest OECD Economic Survey of Korea. The strategy should be accompanied by new measures to reduce income inequality and poverty, particularly among the elderly, the OECD said.

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.

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.

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.

One-half of Korea's population aged 65 and over lives in relative poverty, nearly four times higher than the OECD average of 13%. Elderly poverty is thus an urgent social problem.

Rising household debt has become a major policy concern in Korea. By the end of 2012, it had risen to 164% of disposable income, well above the OECD average of 133%.

Korea needs to boost productivity, increase employment and stoke economic activity as part of efforts to reverse current trends toward slower growth and low inflation, according to a new report from the OECD.

Raising productivity requires addressing a wide range of policies that affect resource allocation, the creation and diffusion of technology, human capital and the creation and financing of start-ups.

Labour market reforms are essential to promote social cohesion by removing obstacles to employment, particularly for women, youth and older persons.

Short-term prospects for the Korean economy are good, with an uptick in world trade and fiscal policy driving growth, but productivity remains relatively low and the country faces the most rapid population ageing in the OECD area, according to a new report from the OECD.

Large business groups, which played a key role in Korea's economic development, are still dominant today, especially in exporting.

Making SMEs and start-ups a driver of growth and job creation requires a number of policies to improve the performance of SMEs, whose labour productivity in the manufacturing sector has fallen to less than a third of that in large companies.

Korea has weathered the shocks triggered by the global recession and its economy is recovering more quickly and vigorously than most other OECD countries.

Korea has made significant progress towards decentralising the management of employment and training programmes, but can still do more to create stronger links with employers at the local level, according to a new OECD report.

Report finds that some Korean policies, such as urban regeneration, new town development or multi-modal transferring centres, have implicitly implemented compact city polices to a certain degree. However, there are still issues - including urban sprawl, unbalanced socio-economic levels and environmental challenges - which can be threats to urban competitiveness.

This chapter begins with a brief socio-economic and institutional overview of the Daejeon metropolitan region. It then explores the current status of inter-municipal collaboration in two major sectors for urban development: transport and land use. Finally, it reviews existing metropolitan collaboration tools.

The OECD Secretary-General, Mr. Angel Gurría, chaired several high-level panels; the OECD actively participated through a series of events, the launch of four new reports and by taking part in a number of workshops and seminars throughout the forum. ‌

Household Saving Rate in South Korea increased to 35 percent in the third quarter of 2019 from 34.60 percent in the second quarter of 2019. Personal Savings in South Korea averaged 32.57 percent from 1970 until 2019, reaching an all time high of 42.70 percent in the first quarter of 1988 and a record low of 13.40 percent in the third quarter of 1971. In South Korea, Households Savings correspond to the income saved during a certain period of time. This page provides - South Korea Households Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports from North Korea in Germany increased to 1017 EUR THO in February from 8 EUR THO in January of 2020. Imports from North Korea in Germany averaged 1648.27 EUR THO from 2000 until 2020, reaching an all time high of 64384 EUR THO in March of 2004 and a record low of 8 EUR THO in January of 2020. This page includes a chart with historical data for Germany Imports from North Korea.

Money Supply M2 in South Korea increased to 2958283.40 KRW Billion in February from 2926410.10 KRW Billion in January of 2020. Money Supply M2 in South Korea averaged 726979.71 KRW Billion from 1970 until 2020, reaching an all time high of 2958283.40 KRW Billion in February of 2020 and a record low of 590.60 KRW Billion in January of 1970. South Korea Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - South Korea Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Loans to Private Sector in South Korea increased to 9013021 KRW Hundred Million in March from 8826264 KRW Hundred Million in February of 2020. Loans to Private Sector in South Korea averaged 5502385.34 KRW Hundred Million from 2004 until 2020, reaching an all time high of 9013021 KRW Hundred Million in March of 2020 and a record low of 2603700 KRW Hundred Million in December of 2004. This page provides - South Korea Loans to Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Car Production in South Korea decreased to 3950617 in 2019 from 4028834 in 2018. Car Production in South Korea averaged 3774318.77 from 1998 until 2019, reaching an all time high of 4657094 in 2011 and a record low of 1954494 in 1998. This page provides - South Korea Car Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

South Korea 10Y Bond Yield was 1.43 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the South Korea Government Bond 10Y reached an all time high of 7.91 in April of 2001. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Youth Unemployment Rate in South Korea increased to 9.70 percent in March from 9 percent in February of 2020. Youth Unemployment Rate in South Korea averaged 7.19 percent from 1982 until 2020, reaching an all time high of 13.40 percent in February of 1999 and a record low of 3.80 percent in July of 1995. This page provides - South Korea Youth Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Import Prices in South Korea decreased to 100.84 points in March from 106.39 points in February of 2020. Import Prices in South Korea averaged 66.20 points from 1971 until 2020, reaching an all time high of 145.47 points in March of 2012 and a record low of 5.99 points in January of 1971. In South Korea, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates. This page provides - South Korea Import Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in South Korea stands at 25 percent. Corporate Tax Rate in South Korea averaged 29.17 percent from 1974 until 2020, reaching an all time high of 40 percent in 1975 and a record low of 22 percent in 2009. In South Korea, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the top marginal corporate income tax rate for corporations with more than KRW 200 billion of taxable income a year. Revenues from the Corporate Tax Rate are an important source of income for the government of South Korea. This page provides - South Korea Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Producer Prices in South Korea increased 0.70 percent in February of 2020 over the same month in the previous year. Producer Prices Change in South Korea averaged 6.05 percent from 1966 until 2020, reaching an all time high of 47.40 percent in July of 1974 and a record low of -4.70 percent in November of 2015. Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period. This page provides - South Korea Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news.