Series: IMF Working Papers
Author(s): Yangkyoon Byeon , Kwanghae Choi , Heenam Choi , and Jun Kim
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 20 November 2017
Keywords: Government expenditures and welfare programs, Social protection, Fiscal sustainability, Korea, Republic of, Asia and Pacific, Economic freedom, structural reforms, General
Korea is facing mounting economic challenges. Productivity growth has been on a trend decline amid demographic headwinds, while the societal demand for inclusive growth has been on a steep rise. Furthermore, the go...