By Andreas Schleicher. The Korean economy has seen significant growth in the past decades.
However, much of the economic growth has been supported by intensive labour resource utilisation. Korean workers work the second longest hours among OECD countries. This is not sustainable in the long-term because Korea’s working age population is projected to decline from 2017 onwards. The growth rate of GDP per capita is on a downward trend. Read more...
11 novembre 2015
Korea’s future prosperity depends on skills
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