With its commitment to all OECD instruments, recommendations and decisions, Korea became the 29th member country of the OECD in 1996, the second Asian country after Japan. The OECD was instrumental in helping advance Korean institutions, reform the social and economic sector, and upgrade the overall Korean economy. Since joining the Development Assistance Committee (DAC) in 2010, Korea has become a full member of the OECD. Now as one of the most active and established member countries, Korea strives to further assume a role in the international community commensurate with its economic status, notably by addressing global issues and promoting inclusive and sustainable development.
The permanent delegation of the Republic of Korea to the OECD is composed of approximately 30 officers from various ministries and agencies across the Korean government, in addition to local staff.
Benefits of the OECD
The OECD is a forum for policy coordination and dialogue as well as the house of best practices in social and economic policy areas. Its strengths lie in its abundant policy experiences and knowledge of member countries, as well as in its analytical skills and inter-disciplinary policy research system. For Korea, membership at the OECD provided both access to expertise in relation to other advanced economies and a valuable means of communicating Korea's achievements in various areas.
The Korean government has taken advantage of OECD resources to more effectively respond to changes in the global economy and to upgrade its governance system and socio-economic policies. The OECD was particularly instrumental in helping Korea successfully overcome the financial crisis by providing us with important guidelines for restructuring.
Role and Function
Korea, through its Permanent Delegation to the OECD and visiting delegates, has been extensively involved in OECD work and activities, participating in most of the meetings of OECD Committees.
The role of the Korean delegation is to facilitate the partnership between Korea and OECD, to help Korea make the best use of OECD works, and to promote Korea's interests in a balanced way. The Delegation also makes certain that any research carried out at the OECD is effectively disseminated and shared amongst relevant Korean authorities, the public and other interested stakeholders.
Building upon its dynamic experiences of political, economic and social development, Korea has played a bridging role between member and non-member countries, and contributed to improving the relevance of the OECD in a rapidly changing global landscape.
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