W13-1 extra) Gender Problems in Korea

Gender Problems in Korea

 In the Glass Ceiling Index released by the British Economist on the occasion of World Women's Day in 2019, Korea ranked the lowest among the 29 member countries of the OECD. The glass ceiling index is a comprehensive evaluation of women's working conditions. The index is based on data from the participation in economic activities, wage, entry into managerial positions, executive promotion, entry into parliament, paid paternity leave, etc. 

 Korea scored just 20 points out of 100 in the glass ceiling index, far below the average of 60 for member countries. In Korea, women's wages were 34.6 percent lower than men's, ranking the lowest with 12.5 percent of female managers and 2.3 percent of female corporate directors.

 Economist pointed out, "The wage gap in Korea, which is the last place, is ridiculously large, and the proportion of economic participants is only 59 percent for women, compared to 79 percent for men." "98% of the directors of listed companies are male, and the proportion of women among managers is just over one-tenth," he said, pointing to difficulties in the private sector.

 U.S. investment bank Bank of America Merrill Lynch estimated the cost of gender discrimination to the global economy in a report. The bank analyzed that if gender equality is advanced, it could create a new value of $28 trillion, the combined annual gross domestic product of the U.S. and China, by 2025. They pointed out that even if everything else is equal, the economic gap between men and women will narrow very slowly, and that it will take 202 years for discrimination to be resolved.

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