The economy, Asia's fourth-largest economy, is expected to grow 3 percent next year, following this year's estimated 3.2 percent expansion, on the back of the solid global economy and a series of policy measures, according to the ministry.

The finance ministry said job-creating sectors and firms will receive an array of tax and other benefits, while the government will draw up more measures to help facilitate local firms' hiring of more women.

Backed by solid economic growth and a rise in income, South Korea's per capita gross domestic product is widely forecast to surpass the landmark level in the coming months.

South Korea would become the third major country in Asia-Pacific region to achieve the milestone after Japan and Australia

The minister said next year's economic policy is aimed at bringing about a change in citizens' life.

"While securing decent economic growth is important, it is equally important to improve quality of life," he said. (Yonhap)