Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly … promote more sustainable and inclusive growth in Korea. In particular, simulation results suggest that social spending which …—there is still a social spending gap relative to Korea’s OECD peers. Because of several fiscal challenges in the coming decades …

Both Japan and Korea are trying to boost female labor force participation (FLFP) as they face the challenges of a … Korea to increase FLFP by type (i.e., regular vs. non-regular employment), using the SVAR model. In so doing, we compare … tend to reduce the proportion of regular female employment in Japan and Korea, (ii) the persistent gender wage gap …

This 2013 Article IV Consultation highlights that the Republic of Korea has experienced impressive growth since the … counter forthcoming headwinds to potential growth. Korea is reaping the benefits of prudent macroeconomic management and …

EXECUTIVE SUMMARY Korea has a well-developed payment, clearing, and settlement infrastructures. BOK-WIRE+ is the real … markets are settled. It is operated by the Bank of Korea (BOK). The Korea Exchange (KRX) is the main player in the securities …

Korea experienced significant financial distress in the late 1990s along with some of its Asian neighbors. The … 2007–08 helped them establish a broad crisis management framework in Korea. Improving and formalizing the framework for … Supervisory Service (FSS), Bank of Korea (BOK), and Korea Deposit Insurance Corporation (KDIC) as members, and by including crisis …

SUMMARY, KEY FINDINGS, AND RECOMMENDATIONS The Republic of Korea has a moderate level of compliance with the Basel Core … need to be addressed and although the Republic of Korea counts with a strong—albeit overly complex—regulatory framework … and with thorough supervisory practices, a number of areas require attention so that the Republic of Korea can meet the …

information have been removed. Since 2011, Korea also applies the Korean International Financial Reporting Standards (K-IFRS) that …-deliberation committees at various levels. Self-regulatory organizations—the Korea Exchange (KRX), the Korea Financial Investment …

This paper discusses key findings of the Report on the Observance of Standards and Codes for the Republic of Korea …. Responsibilities, objectives, and powers related to banking supervision are clearly defined in the Republic of Korea. The legal …