Korea has recently been one of the fastest growing OECD countries, and in this report on its economy, OECD examines the key challenges Korea faces to sustain this growth. The report carefully assesses macroeconomic policy, reform of the labour market and reform of the corporate and financial sectors. This edition's special feature examines product market competition. Table of contents in English Assessment and recommendations Becoming a high-income OECD country: key economic challenges Economic prospects and macroeconomic policies Reforming the labour market Reform of the corporate and financial sectors Product market competition and economic performance