This paper aims at surveying the flexicurity policy in Denmark. Since the middle of the 90s, Denmark's economy has grown steadily and the unemployment rate has reduced. These have come about through flexicurity, which is achieved by striking a balance between flexibility and security. While the Danish labor market is very flexible due to weak employment protection and high labor turnover, social security is very high because of the generous unemployment benefits provided. Furthermore, since 1994, the country's active labor market policy was reinforced through mandatory participation of the unemployed on activation programmes such as vocational training programs. These three elements, that is, the flexible labor market, the generous social security and the strong active labor market policy, characterize the "golden triangle" of flexicurity in Denmark.
In light of the Danish model, social security and active labor market policy need to be strengthened in order to achieve flexicurity in Korea, where it is only labor market flexibility that is very high.