As the fertility rate in Korea remains at record low levels among OECD

countries, decrease of working age population as well as ageing of labor force

has become a source of serious concern. Currently, the labor input of Korea has

reached its peak level both in terms of quantity and of quality. But it is

expected that beginning with 2016, productivity of the labor force will start to

diminish significantly and working age population will start to drop. In order to

prepare for such changes, there are three policy tasks to be carried out. The

first is to provide family supportive workplace environment for female employees.

The second is to alleviate polarization in wage and employment stability and to

provide further channels through which young people find their first jobs. The

last is to increase the productivity of old employees by providing a variety of

job training opportunities tailored to their job experiences.