Assessment and Recommendations
I. Recent Trends and Prospects
-Factors Responsible for the Downturn
-The Impact on Domestic Demand
-The Impact on Inflation and the Labour Market
-The Impact on the External Balance
-Economic Prospects
II. Monetary and Fiscal Policies
-Monetary and Exchange Rate Policies
-Fiscal Policy
III. Preparing for an Aged Society
-The Demographic Transition in Korea
-The Current Support System for the Elderly
-The Impact of Ageing under the Current Framework
-Policies to Cope with the Ageing of the Population
-Conclusions
IV. Restructuring the Corporate and Financial Sectors
-Restructuring the Corporate Sector
-Policies Toward Small and Medium Sized Enterprises
-Restructuring the Financial Sector
V. Building a More Market-Oriented Economy
-Flexible Factor Markets
-Policies to Boost Competition
-Reforms in Key Sectors
-Overall Assessment
Annex I. The Economic Impact of Ageing
Annex II. Economic Interaction between North and South Korea
Annex III. Calendar of Main Economic Events