The Research on Korean Income Distribution Issue

Korea is generally recognized as the country which has broken though the "middle-income trap". In 2011, its Gini coefficient was around 0.3, which is in the reasonable interval. The strategies Korea adopted in coping with the "middle-income trap" are considerable experience for China. After 30 years of the reform and opening up, the performance evaluation system, which is directed by GDP, has given arise to a series of issue, such as the accelerating growth of income gap. As a result, adopting the valuable experience of Korean as a reference and integrating it into Chinese reform would have substantial impact on the success of reform.