Korea, Rep.

report 2013

The government needs to improve social and gender policies

Since the end of the Korean War in 1950, the country has achieved sustained economic growth. GDP, which at that time was US$ 67, doubled in a decade, between 2000 and 2010, Korea joined the OECD in 1996 and achieved most of the Millennium Development Goals (MDGs). But inequality, as a side effect of economic growth, is present. There is no more extreme poverty but diversified poverty, and society still has challenges that are not shown by the indicators. The government's economic policy has encouraged assembling industry export-oriented with cheap labor. Between 2000 and 2009, relative poverty rates for children, seniors and women increased. Poverty is concentrated in the elderly at female level, low education, vulnerable health and in rural areas. It is clear that the government needs to implement policies to reduce socioeconomic inequality that go beyond reducing inequity and poverty, by creating quality jobs and social protection programs.

BCI & GEI 2011
news
4-Rivers construction underway
on the Nakdong River. (Photo:
Lauren Stahl, internationalrivers.org)

Since the end of the Korean War in 1950, the country has achieved sustained economic growth. GDP, which at that time was US$ 67, doubled in a decade, between 2000 and 2010, Korea joined the OECD in 1996 and achieved most of the Millennium Development Goals (MDGs). But inequality, as a side effect of economic growth, is present. There is no more extreme poverty but diversified poverty, and society still has challenges that are not shown by the indicators.

The government's economic policy has encouraged assembling industry export-oriented with cheap labor. Between 2000 and 2009, relative poverty rates for children, seniors and women increased. Poverty is concentrated in the elderly at female level, low education, vulnerable health and in rural areas. It is clear that the government needs to implement policies to reduce socioeconomic inequality that go beyond reducing inequity and poverty, by creating quality jobs and social protection programs.

Samsung Buildings in Gangnam,
South Korea. (Photo: Lamoix/Flickr/CC)

Affiliates of South Korea's top 10 conglomerates still prefer former government officials and ex-policymakers as outside directors, reported Yonhap news agency. The Citizens' Coalition for Economic Justice (CCEJ, national focal point of Social Watch), says that "enhancing independence will reduce the chance of these posts being used for lobbying since companies will not be as able to influence outside directors as they could in the past."

A total of 330 people served as outside directors at the 93 affiliates of the leading conglomerates as of end-June this year, down from 337 a year earlier, according to the data compiled by local research firm Chaebol.com.

A Seoul Metro Line 9 station.
(Photo: Ssangyong Engineening
& Construction Co)

Civic groups have charged the President of the Republic of Korea Lee Myung-bak of saddling Seoul residents with losses while he was mayor of the capital city, by signing an unfair contract with a leading private sector infrastructure fund to build a metro line, reported journalist Park Hyun-chul on The Hankyoreh daily newspaper.

In terms of gender equity the Republic of Korea is far below the East East Asian average, although in a better situation than its bordering neighbours.

Activists pass a message in Busan
(Photo: Oxfam)

Civil society organizations that participated in the High Level Forum on Aid Effectiveness held this week in Busan, South Korea, regretted that the deal reached at the conference was not binding for all the donor countries, and the lack of a rights based approach, especially on gender, and of commitments on favorable conditions for the NGOs.

Source: Yonhap News report cited by The Korea Herald.

The number of affiliates of South Korea’s 15 largest chaebols has increased about 65 percent over the past four years, as those huge family-run business conglomerates have aggressively expanded their territory in the construction and real estate industries, reported this week the civic group Citizens' Coalition for Economic Justice (CCEJ, focal point of Social Watch). 

Strategy Minister Yoon Jeung-hyun
(Photo: University of Wisconsin)

Sources: Yonhap report,The Korea Times report

More than half of the senior advisers at six major South Korean law firms are former bureaucrats with expertise in finance, warned this month the Citizens' Coalition for Economic Justice (CCEJ, national focal point of Social Watch).