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Transforming the Future: The Impact of Artificial Intelligence in Korea
Author:
Soo Jung Chang
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,
Hamin Lee
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Sumin Lee
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Samil Oh
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Zexi Sun
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Xin Cindy Xu https://isni.org/isni/0000000404811396 International Monetary Fund

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Series:
Selected Issues Papers
Volume/Issue:
Volume 2025: Issue 013
Language:
English
Publication Date:
05 Mar 2025
DOI:
https://doi.org/10.5089/9798229003193.018
ISBN:
9798229003193
ISSN:
2958-7875
Pages:
26
Keywords:
Artificial Intelligence; AI; labor market; productivity; growth; E. AI preparedness; profitability regression; preparedness index; AI adoption; B. AI adoption; Aging; Labor market policy; Global
Legal-disclaimer:
IMF Selected Issues Papers are prepared by IMF staff as background documentation for periodic consultations with member countries. It is based on the information available at the time it was completed.
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This paper examines the economic impact of Artificial Intelligence (AI) in Korea. Korea is among the global frontrunners in AI adoption, with higher adoption rates among larger, younger, and technologically advanced firms. AI holds the promise for boosting productivity and output, though the effects are more pronounced among larger and mature Korean firms. About half of jobs are exposed to AI, with higher exposures among female, younger, more educated, and higher income workers. Korea’s strong innovation and digital infrastructure highlights its AI readiness, while enhancing labor market flexibility and social safety nets are essential to fully harness AI’s potential.
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Cover Selected Issues Papers
Selected Issues Papers
Publisher:
International Monetary Fund