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2016 OECD Economic Surveys: Korea 2016

image of 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.

English

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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.

English

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