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| Name | OECD Economic Survey of Korea 2024 |
| Video Uploader | Video From OECD ECO |
| Upload Date | This Video Uploaded At 11-07-2024 07:04:13 |
| Video Discription | GDP growth in Korea has recovered, supported by strong exports. Employment remains stable at a high level, while unemployment is low. Interest rates have likely peaked and housing prices have stabilised, all of which should support consumption going forward. Household debt remains high, and housebuilding-related project finance has become a financial stability concern. Reforms to ensure fair competition in the domestic market would increase productivity in the SME sector. Reducing greenhouse gas emissions in line with the 2030 target requires tightening the emissions trading scheme and reforming energy markets to incentivise clean electricity supply and energy savings. The Korean fertility rate has fallen to the lowest in the world, which will put labour supply and public finances under pressure. A large career cost for women who become mothers holds back female employment and fertility, and underpins the widest gender pay gap in the OECD. For more information, visit: https://www.oecd.org/en/topics/sub-issues/economic-surveys/korea-economic-snapshot.html |
| Category | News & Politics |
| Tags | South Korea | Korean economy | OECD Korea | Korea survey | Korea fertility rate |
