OECD Economic Surveys: Korea 2016
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.
Assessment and recommendations
Korea has been one of the fastest growing OECD economies over the past 25 years, boosting its per capita income from 39% of the average of the top half of OECD countries in 1991 to 75% by 2014. Sustained double-digit export growth in volume terms helped make Korea the 6th-largest exporter and 11th-largest economy in the world by 2015. A number of Korean companies are world leaders in key industries. Korea is exceptional in terms of its high levels of education and R&D investment.