Jump to ContentJump to Main Navigation
The Strategy for Korea's Economic Success$
Users without a subscription are not able to see the full content.

Hwy-Chang Moon

Print publication date: 2016

Print ISBN-13: 9780190228798

Published to Oxford Scholarship Online: May 2016

DOI: 10.1093/acprof:oso/9780190228798.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 23 November 2020

New Challenges in Korea

New Challenges in Korea

(p.185) Chapter 10 New Challenges in Korea
The Strategy for Korea's Economic Success

Hwy-Chang Moon

Oxford University Press

Although Korea has developed at a great pace thus far, it currently faces new challenges to sustainable competitiveness, and this is unfortunately the downside of Korea’s fast growth. One major problem is the highly unproductive service sector, which is dwarfed by the productivity of the manufacturing sector that served as the backbone of Korea’s development. A second problem is underdeveloped sociopolitical system, which is noticeable by the comparative strength of Korea’s economy. Finally, Korea faces a rapidly aging population, which is partly a consequence of rampant transformation in the society. The chapter explains each of the challenges in detail and provides practical solutions by applying the ABCDs to each case.

Keywords:   new challenges, sustainable competitiveness, unproductive service sector, underdeveloped sociopolitical system, aging population

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .