A recent study shows that government intervention in the domestic market is relatively strong in South Korea, compared to other members nations of the Organization for Economic Cooperation and Development(OECD).
 
The Korea Economic Research Institute released a report on government size and economic development on Thursday, based on its comparison of 26 OECD member countries and analysis of the OECD’s product market regulation index, which was announced between 1998 and 2013.
 
The report found that South Korea ranked fourth among the 26 countries studied, following Poland, Mexico and Israel, in terms of government intervention in the market.
 
According to a review of indices released from 2008 to 2013, South Korea marked improvements in six and deterioration in nine subindicators. South Korea, Ireland and Luxembourg were the only countries that had more deteriorated categories than improved ones.