To strengthen social cohesion, a top government priority, it is essential to address the labour market roots of inequality by breaking down dualism to reduce the share of non-regular workers and to boost the employment ratio toward the government’s 70% target. Education reforms are also...

Korea is confronting a serious challenges. It has to improve income equality in the context of a severe demographic transition. Such a transition, from one of the youngest populations in the OECD at present to the second oldest by 2050, may boost the need for public spending and slow economic...

In the 2010s, the Korean government revised the Income Tax Act to increase the tax burden for retirement income paid in a lump sum. The reform gradually increased the tax from 2015 to 2020. In addition, if a plan member transfers retirement income to the individual retirement pension account to...

Concerns about the dramatic rise in income inequality across the world and, at the same time, assessments of national progress on the Millennium Development Goals made it clear that it is the intersection of income inequality, marginalized social identities and, very often, locational...