Permanent Delegation of the Republic of Korea to the Organisation for Economic Co-operation and Development (OECD)

Benefits of the OECD to Korea

The OECD is a forum for policy co-ordination and dialogue, as well as a house of best practices in social and economic policy areas. Its strengths lie in its abundant policy experience and the knowledge of member countries, as well as in its analytical skills and inter-disciplinary policy research. For Korea, membership in the OECD has 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 benefitted from 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 to successfully overcome the financial crisis by providing important guidelines for restructuring.