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Korean labour market and social safety-net reforms : Challenges and policy requirements

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  • Korean labour market and social safety-net reforms
  • Martin, John P.; Torres, Raymond
  • The Association of Korean Economic Studies


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Title Korean labour market and social safety-net reforms
Similar Titles
Sub Title

Challenges and policy requirements

Material Type Articles
Author(English)

Martin, John P.; Torres, Raymond

Publisher

[Seoul]:The Association of Korean Economic Studies

Date 2000
Journal Title; Vol./Issue The Journal of the Korean Economy:vol. 1(no. 2)
Pages 34
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Social Development < Social Welfare
Social Development < Employment
Holding AKES

Abstract

This paper argues that, despite Korea's impressive recovery from the 1997 crisis, now is not the time to reduce the momentum of labour market and social policy reforms. The country is still facing major challenges: (i) to adapt its industrial relations system; (ii) a high incidence of precarious employment; and (iii) a modest social safety net. To address these challenges, the paper calls for further action to improve education and training, expand the Employment Insurance System, scale back poorly-targeted programmes, adapt the public employment service, ensure that employers pay social contributions, reduce enterprise retirement allowances, and enhance basic workers' rights.