Korea Ranks at the Bottom in OECD Social Welfare Spending

SEOUL, Oct. 31 (Korea Bizwire) – Government expenditures on welfare are increasing year after year, but a recent report showed that Korea still falls far behind its OECD counterparts.  According to the OECD’s October update to its Social Expenditure Database, Korea’s social spending was marked at 10.4 percent of its GDP, ranking 34th among 35 [...]