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.



Policy context for employment and skills in Korea

This chapter provides an overview of Korea’s employment and skills system and outlines the economic environment in which they have developed in the period following the Asian Financial Crisis of the late-1990s. The impact of the Asian Financial Crisis was an important factor in the economic and labour market policy framework that subsequently emerged. In particular, the shift towards greater decentralisation and the engagement of a wide-range of local actors that has occurred, such as through the Local Employment Council and the Local Association of the Representatives of Labor, Management, Government and the Community, provides an opportunity to ensure that labour market policy can more effectively address the challenges and opportunities that exist within a locality or region.


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