Search

With foreign aid assistance, the mobilization of nongovernment organizations, the community, and other key stakeholders, the government of the Republic of Korea was able to implement policies for a successful country-wide reforestation program.

Solutions include lowering statutory maximum lending rates, expanding policy financing and mid-rate loans, increasing loans and loan guarantees.

The Korean government has employed comprehensive policy measures to manage household debt risks.

It is necessary to redesign private pension management fee schemes so companies have incentives to compete and develop better products.

Jobs, education and skills development are needed to help elderly people lead a more stable life and contribute to the economy. 

Personal credit information could be an important determining factor in insurance underwriting and the calculation of premiums.

As financial technology options evolve, consumers need more information in order to protect their privacy and avoid fraud.

In the Republic of Korea, efforts are underway to adopt one of the most broadly used pension default options.

Reforming the calculation of lending rates could improve delinquent loan collection.

Cross-sectoral collaboration is essential to tackle the demand for new skill sets in the future.