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Employment and Skills Strategies in Korea

image of Employment and Skills Strategies in Korea

With the rising economic importance of human resources and skills, employment and training agencies are now often expected to play a more important role in local strategies to support new creation, facilitate restructuring and increase productivity. The OECD Local Economic and Employment Development (LEED) Programme has developed an international cross-comparative study examining the contribution of local labour market policy to boosting quality employment and enhancing productivity. In Korea, the review has looked at the range of institutions and bodies involved in employment and skills policies, focusing on local strategies in the Bucheon and Busan regions.

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Overview of the Korean case study areas

To better understand the role of the local level in contributing to job creation and productivity, this review examined local activities in two areas in Korea: 1) Bucheon; and 2) Busan. Both areas face unique employment and labour market challenges, which affect their growth and competitiveness. This chapter provides a labour market and economic overview of each region as well as the results from an OECD LEED statistical tool which looks at the relationship between skills supply and demand at the sub-national level.

English

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