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Investing in Youth: Korea

image of Investing in Youth: Korea

The series Investing in Youth builds on the expertise of the OECD on youth employment, social support and skills. It covers both OECD countries and key emerging economies. The report on Korea presents new results from a comprehensive analysis of the situation of young people in Korea, exploiting various sources of survey-based and administrative data. It provides a detailed assessment of education, employment and social policies in Korea from an international perspective, and offers tailored recommendations to help improve the school-to-work transition. Earlier reviews in the same series have looked at youth policies in Brazil (2014), Latvia and Tunisia (2015), Australia, Lithuania and Sweden (2016), Japan (2017), Norway (2018), and Finland and Peru (2019).

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Supporting youth in a weakening labour market

This chapter looks at the policies and programmes that Korea has in place to support young people in a weakening labour market. The chapter starts by comparing labour market outcomes of youth with those of older generations, as well as with youth in other OECD countries. It then assesses the coverage and adequacy of the programmes and policies aimed at re-engaging young jobseekers in employment and at providing them with comprehensive income and housing support. The chapter finishes with a discussion on how to address labour market duality and facilitate access to rewarding employment.

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