ABSTRACT
Jae-jin Yang addresses the small welfare state and its reform issues in Chapter 25. South Korea is a late welfare state with small social expenditures compared to other OECD countries. This chapter (a) systemically compares the current status of the South Korean welfare state to those of other OECD member countries in comparative perspective, (b) closely examines the reasons for the relative underdevelopment of social security in South Korea, (c) provides a short history of social security policies, and (d) analyzes the issues and policy implications now facing the South Korean welfare state.
