Anchor: South Korea has implemented 96 percent of the policy commitments aimed at achieving the Group of 20's growth initiative. South Korea's implementation rate is substantially higher than the G-20 average, which was just 55 percent.
Our Kim In-kyung has more.
 
Report: South Korea is at the top of the pack among the Group of 20(G-20) nations in implementing growth strategies laid out by the multilateral organization to overcome low growth.
 
The Finance Ministry said Tuesday that South Korea has completed 96 percent of the G-20's major growth strategies for this year. The International Monetary Fund(IMF) and the Organization for Economic Cooperation and Development(OECD) informed member countries of the progress report ahead of this year's G-20 summit in China earlier this month.
 
South Korea's implementation rate is 41 percentage points higher than the G-20 average, which was just 55 percent.
 
Among the 26 major tasks, South Korea has completed 25. The only exception is projects related to labor reform, which are currently pending at the National Assembly. The Finance Ministry said however, South Korea was solid in implementing other growth strategies as well.
 
Last year, South Korea had completed 18 out of 22 major tasks for a completion rate of 82 percent and a second-place standing among the 20 members.
 
The Finance Ministry said the IMF and the OECD have stopped disclosing the implementation reports of other countries, which makes it difficult to determine South Korea's ranking. Nevertheless, it estimated that South Korea is among the upper ranks considering its high implementation rate.
 
The IMF and the OECD estimated that South Korea's gross domestic product(GDP) will increase some 43 trillion won, or roughly 39 billion U.S. dollars, between 2014 and 2018 by executing the growth strategies.
 
That is about three-point-one percent of South Korea's expected GDP in 2018, which exceeds the G-20 members' overall growth enhancement effect of one percent.
Kim In-kyung, KBS World Radio News.