Korea's economic development has been impressive
SMEs employ the majority of Korea's workforce, especially in the services sector, but their productivity is low
Key labour market indicators have developed favourably in Korea although inactivity remains high
Self‑employment is declining gradually in Korea but still remains concentred among older workers
Pay is significantly higher for regular workers and workers in large firms
Wages in Korea's smaller companies have fallen far behind the rest
Low‑paid work is more frequent in Korea than in most OECD countries and earnings inequality is higher
Large firms in Korea account for a lower share of salaried workers than in other OECD countries
Employment by large firms rapidly declined in Korea during the 1990s
Survival rate in Korea drops sharply one or two years after start‑up