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KDI Economic Outlook 2020-1st Half
The Employment Situation of Youth and Policy Suggestions

May 20, 2020

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■ Youth employment deserves more attention in times of crisis, particularly in a rapidly aging society.

■ The current economic crisis, which is caused by restrictions on face-to-face interaction and movements, is different from previous economic crises; also, the effects of employment policies may differ from those in the past.

■ While active discussions are now underway to expand social safety nets and reduce blind spots, additional measures are required for the young unemployed who have never been employed.

■ Even if the health crisis ends shortly in Korea, it will take a considerable amount of time to get employment back on track. Policies to create jobs for youth are needed.

■ If the health crisis does not end shortly, the economy is expected to undergo structural changes. The government needs to prepare longer-term measures such as new industrial policies and educational reforms.
 
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Office of Global Economy
Providing Economic Forecast and Macroeconomic Policy Direction, the Groundwork for a Brighter Future

The Department of Macroeconomics is conducting researches on the macro economy and macroeconomic policy, particularly focusing on suggesting the analysis of macroeconomic trends and current status of the economy at home and abroad, the economic forecast, and the policy direction of the macro economy. The Department is also in charge of establishing, sustaining and maintaining various econometric models, based on which it analyses policy effects and develops a long-term economic forecast.

Main Tasks
  • Economic trend analysis, short- and long-term forecast
  • Policy study on macroeconomic management
  • Basic structural analysis on macroeconomic areas
  • Maintenance of multi-sectoral dynamic macroeconomic model
Department of Macroeconomic Policy
  • LEE. Tae Suk

    Director, Division of Analysis and Evaluation

    82-044-550-4725
  • CHO, Byungkoo On leave

    Director and Vice President, Department of North Korean Economy

    82-044-550-4725
  • LEE, Jongkyu

    Fellow

    82-044-550-4725
  • WEE, Hyeseung Dispatched

    Research Associate

    82-044-550-4725
  • NAM, Jinwook On leave

    Specialist

    82-044-550-4725
  • KIM, Seulki

    Research Associate

    82-044-550-4725
  • CHUN, Eunkyung

    Research Associate

    82-044-550-4725
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