I. Economic Trends
The Korean economy, despite weak facility investment, has recently shown signs of relief from economic recession, including industrial production growth, rebounding private consumption, an increase in construction investment, and slowing export reduction. However, weakened confidence among households and businesses as well as uncertainties, triggered by Brexit and ongoing corporate restructuring, remain as barriers to economic recovery.

II. Brexit’s Impact on the Korean Economy and Its Implications
The short-term impact of Brexit on the Korean economy will be limited. However, the possibility for continued financial uneasiness remains high, stemming from uncertainties as Brexit unfolds. Efforts are needed to strengthen economic resilience to respond to potential anxiety factors.

III. Progress of the 2016 Revised Supplementary Budget and Implications
The Korean government has set up a revised supplementary budget five times over the past decade to address disasters and boost the economy. The 2016 revised supplementary budget should be examined on whether it meets the requirements of the National Finance Act, its use of tax surpluses for the extra budget is appropriate, and its execution is feasible.

Ⅳ. Status of the Government’s 2016 Dividend Income and Improvement Measures
The government’s dividend income in 2016, excluding the dividends from Korea Electric Power Corporation (KEPCO), has increased 6.3% YOY, and the dividend payout ratio has failed to meet the government’s goal. Increased dividend payouts from companies to the government requires amending the laws that provide the legal grounds of founding these organizations in terms of the calculation standards for distributable profit and the legal reserve ratio.

V. Analysis of Workers with Wages Below the Minimum and Improvement Measures
Korea’s minimum wage level ranked 14th out of the 25 OECD member countries, but the nation was the 3rd-higest with 13.7% in the ratio of workers with wages below the minimum. As many of the workers influenced by the increases in the minimum wage are employed by small workplaces with 10 or less employees, a measure to support them is needed. In addition, the effectiveness of the minimum wage scheme should be promoted by toughening surveillance and supervision on the workplaces that violate the system.
 
Ⅵ. Japan’s Emergency Employment Measures and Implications
In order to cushion the shock on the job market in the aftermath of the 2008 global financial crisis and the 2011 Great East Japan Earthquake, Japan rolled out emergency employment measures, including employment insurance programs, a stable employment support system, and the expansion of direct hiring. These measures feature relatively broad coverage in employment insurance, active engagement of businesses in aggressive labor market initiatives, and policy implementation led by prefectures.