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2012 OECD Economic Surveys: Korea 2012

image of OECD Economic Surveys: Korea 2012

OECD's 2012 Economic Survey of Korea examines recent economic developments, policies and prospects. In addition, it includes special chapters covering sustaining convergence to the highest-income countries and promoting social cohesion.

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Assessment and recommendations

Korea recovered faster and more vigorously from the 2008 global crisis than most OECD countries (Figure 1), and enjoys low unemployment and low government debt. Growth slowed in late 2011, reflecting the deterioration in the world economy, but is projected at around 3½ per cent in 2012, thanks in part to continued momentum in China...

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