This study provides implications for employment policies for the youth, women and the elderly. Korea is currently facing problems with employment, as did European countries during the 1990s and 2000s. In the context of low growth and high rates of unemployment, European countries rolled out various policies to boost employment and employment rates. As a result, the employment rate of the EU stands at approximately 69%, higher than that of Korea. Some European countries have even managed to improve their employment rates beyond initial expectations, by implementing labour reform and related policies.