Global Economics Monthly: South Korea's Prosperity Agenda: Women and Work
June 23, 2014
South Korea is a country under stress. To be sure, the runaway success of Korean brands, from Hyundai and Samsung to the Korean Wave, have highlighted the enormous achievements of a once-poor country that is today wealthier, more connected, and more influential in global affairs than ever before. But Korea now stands on the edge of the world’s most severe demographic cliff, and while economic growth has been better than expected over the last quarter, the country has little hope of seeing a return to the levels it experienced during its postwar economic “miracle.” Even without these sobering projections, South Korea already faces a host of severe social challenges, from mounting household debt to an epidemic of overwork. Seoul might find a part of the solution in
one of Korea’s most underutilized resources: its large supply of highly educated women.