Addressing the Suicide Rate in South Korea

South Korea has one of the highest suicide rate among all the OECD countries as its three-year average of suicide rate is 31.97 per 100,000 persons. This paper re-identified the suicide rate in South Korea using the OECD database. After the procedure, hypotheses were used to find the certain socio-economic factors that correlate with the rate. Previously published studies and South Korean government databases were analyzed to find the correlations between possible socio-economic factors and changes in suicide rate to check the hypothesis. Certain hypotheses proved true and there were certain socio-economic factors that showed significant correlation with the change in suicide rate in South Korea. Those certain factors affect (or at least correlate) with the change in suicide rate in South Korea. To prevent this rate from growing further, the government must exercise preventions in certain areas to decrease the rate, possibly increasing overall happiness level of the country