Executive Summary
Assessment and Recommendations
Chapter 1. Facing the Key Challenges ahead in Korea
-The current economic situation and outlook
-Korea's growth prospects over the longer term
-Key challenges to sustaining rapid growth
-Conclusion
-Annex 1.A1. Taking Stock of Structural Reforms
Chapter 2. Priorities for macroeconomic policy
-Monetary policy
-Exchange rate policy
-Fiscal policy
-Conclusion
Chapter 3. Reforming the tax system to promote economic growth and cope with rapid population ageing
-The Korean tax system in an international perspective
-Corporate taxation
-Personal income taxation
-Consumption taxes
-Improving the administration of the tax and social insurance systems
-Directions for tax reform
-Annex 3.A1. Recent progress in tax reform in Korea
Chapter 4. Boosting productivity in Korea's service sector
-Reasons for low productivity in the service sector
-The link between low productivity in services and problems in small and medium enterprises
-Policies to promote higher productivity in the services sector
-Policies to boost productivity in key service industries
Chapter 5. Sustaining growth by reforming the labour market and improving the education system
-Reversing labour market dualism
-Raising the female labour force participation rate
-Improving the job prospects of young people
-Promoting the employment of older people