Policy Issue

New Administration’s Economic Policies

I. Paradigm shift Background The economy has rapidly lost growth momentum since the 1995 Asian financial crisis . The economy is in a complex situation where low growth continues and income inequality worsens due to structural problems. It is time to shift the country’s growth paradigm from large production and fast follower-led growth to sustainable growth.   New growth paradigm - Wage-led growth: Increased household income will be a new driver of growth. - Economy creating more jobs: The virtuous cycle of employment-distribution-growth will be restored - Fair com...


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Jul 2017

About EB

The Economic Bulletin is a monthly English publication that covers the current status and future outlook of the Korean economy, as well as key economic policies and indicators. By sharing such information with foreign residents in Korea and international opinion leaders, the Economic Bulletin aims to generate a greater international level of understanding on the Korean economy.