December 2016 marks Korea’s 20th anniversary of OECD membership. As our special anniversary OECD Observer shows, Korea has come from being one of the world’s poorest countries half a century ago to now the world’s 11th largest economy. Home to world famous brands, from cars to smartphones, K-pop and fashion, Korea’s transformation has been dubbed “the Miracle on the Han River”.
The OECD Better Life Initiative, launched in 2011, focuses on the aspects of life that matter to people and that shape the quality of their lives. This country snapshot presents selected findings for Korea from the OECD Better Life Index 2016, the How’s Life? report and shows what Korean users of the Better Life Index are telling us about their well-being priorities.
Korea has been at the forefront of green growth initiatives. The National Strategy for Green Growth (2009-2050) and the Five-Year Plan (2009-2013) of Korea provide a comprehensive policy framework for green growth in both the short and long term.
The major functions of the OECD/Korea Policy Centre are to research international standards and policies on international taxation, competition, public governance, and social policy sectors in OECD member economies and to disseminate research outcomes to public officials and experts in the Asian region.
This document sets out when Korea joined the OECD, what its permanent delegation does, and the benefits of OECD membership.