Korea’s Economic Growth Projected to Accelerate in 2024
The OECD projects a GDP growth rate of 2.6 percent for Korea in 2024, which is substantially higher than the February 2024 outlook.
Korea Has Made Progress in the Fight Against Corruption
Korea ranks close to the average of OECD countries in the 2023 Corruption Perception Index that was announced at the end of January.
Increasing Korea’s Potential Growth Rate
Korea needs to utilize its strengths to strengthen lagging sectors and reduce the polarization in the Korean economy.
Low Youth Employment in Korea Part 1:The “Golden Ticket Syndrome”
The employment rate for Korean youth is well below the OECD average, with negative consequences for the young and the economy.
Spotlight on Korea’s Food Import Dependence
South Korea looks to increase wheat output as grain prices rise in response to supply chain challenges created by the pandemic and geopolitical instability.
Korea’s Attempt to Fix Social Problems with Technological Solutions
The South Korean government invests in AI solutions rather than welfare policies to tackle high levels of suicide among the elderly.
Fragmented Public Policy Response to Low Fertility
While the focus on child subsidies is not misplaced, the government may be missing the larger picture in its attempts to reverse the demographic decline.
A Growing Workers’ Coalition
Workers of different South Korean industries are joining forces to protest shared concerns around increasingly difficult working conditions.