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KDI News What‘s Up Newsletter Vol.29

The 29th issue of the KDI What's Up newsletter is now available!

January 20, 2026
KDI FOCUS Enhancing the Prudential Framework for Securities Firms

To enhance risk sensitivity, the NCR framework should revert to its pre-2016 structure for large firms and adopt tailored regulations for smaller firms.

December 17, 2025
KDI NEWS Global Carbon Market Investment Forum: Summary of Discussions and Outcomes

hosted by MOEF and organized by KDI, took place in Seoul on December 11-12, 2025, bringing together global stakeholders to explore pathways for carbon markets aligned with Article 6 of the Paris Agreement.

December 11, 2025
Economic Outlook KDI Economic Outlook 2025-2nd Half

The Korean economy is expected to grow by around 1.8% in 2026, as export growth slows but domestic demand recovers.

November 11, 2025
KDI FOCUS The Impact of Demographic Change on Household Debt

Korea's household debt-to-GDP ratio, which has risen over the last two decades due to intergenerational asset and housing accumulation, is expected to reverse as population aging slows longevity gains, requiring coordinated financial and labor reforms for stability.

August 05, 2025
KDI NEWS 2025 Knowledge Exchange Days (KED) Event Successfully Concludes with Vibrant Participation

Hosted by the Ministry of Economy and Finance (MOEF) and managed by the KDI GKEDC Operating Team, successfully took place on November 6-7, focusing on “Integrated Solutions for Climate Action”

December 09, 2025
KDI FOCUS Improving Regulations on Abuse of Superior Bargaining Position by Digital Platforms

In regulating the unfair practices of online platforms, it is necessary to improve the institutional framework by alleviating the burden of identifying victims and considering the potential for enhancing the efficiency of platform intermediation.

October 22, 2025
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Summary

Policy Study KOR Evaluating the Effectiveness of Social Policies through a Policy Experiment System
This study proposes that a policy experiment system is introduced to examine the validity of new social polices. Such polices cannot be assessed with the existing Preliminary Feasibility Test and require a small-scale pilot program with an experimental design (typically, randomized controlled trial or RCT) to first be implemented. When the program ends, it is evaluated by the fiscal authorities to decide on whether to scale up the policy.

The policy experiment system presented in this study is applicable to social policies with the following characteristics: i) concrete objective; ii) measurable main outcome and realized in a short period of time and; iii) accessible control group. It is particularly useful when a policy is surrounded by skepticism and/or when budgetary needs are expected to increase in the near future. Accordingly, it can be concluded that the active labor market program is most suitable for the pilot application of the policy experiment system.

Chapter 1 briefly introduces the concept of the policy experiment system while Chapter 2 presents the implementation of the experiment through existing and new labor market programs. Prime examples are the Employment Success Package which was initiated in 2010 and the Youth Job Search Subsidy which is slated for 2019. Chapters 3 and 4 provide practical guides for researchers conducting the policy experiment and summarize the issues of conducting the experiment in the health and welfare field. Finally, Chapter 5 discusses the potential limitations of the system and draws on a conclusion.

Summary

Other Research KOR Re-assessment Study of Feasibility on Hwayang~Jeokgeum of National Highway 77 Construction Project

ㅁ Construction of bridge connecting Anpo-ri, Hwayang-myeon and Jeokgeum-ri, Hwajeong-myeon of Yeosu-si, Jeollanamdo Province as part of National Highway 77 (Incheon-Busan)

ㅁ Construction period: 2009~2019 (9 years)

ㅁ Reason for RSF (change in total project cost)

- incidental expenses omitted in government official document (total project cost of KRW 486.69 billion) which was included in the General Plan (August 2009)

ㅁ Project overview

=location: Anpo-ri, Hwayang-myeon to Jeokgeum-ri, Hwajeong-myeon section, Yeosu-si, Jeollanamdo
=length and lane: L=18.349km, 2~4 lanes
=estimated project cost: KRW 486.69 billon (government expense)
=content of project: 2~4 lanes national highway construction project
=main structures: 4 bridges/2,960m 1 tunnel/315m 8 intersections