From 1980 to 2016, Korea exhibited ups and downs in wage inequality and a slowdown in wage growth. - Wage inequality fell in the 1st phase (1980-1994), rose in the 2nd (1995-2007), and fell again in the 3rd (2008-2016). - The annual growth rate of the real median wage plummeted from 9.2% in the...

Wage inequality in Korea has undergone several changes in 1980-2016. It fell in 1980-1994, rose in 1995-2007, and then fell again in 2008-2016. Different worker characteristics have had different impacts on wage inequality. In the early years, sex, age, and education were the three most...

South Korea stands out among OECD countries for its lowest proportion of jobs in large enterprises. Good jobs, often synonymous with employment opportunities in large enterprises, are in short supply. This shortage prompts various societal issues: the overheating of college admission...

A dwindling school-age population is expected to place many universities under greater financial distress in the coming decades. The Ministry of Education's strategy of assessing universities and coercing poorly performing ones to reduce enrollment has proved inadequate to speed up the...