Functional Classification of National Accounts Systems in Korea
The COFOG is a detailed classification of the functions that general government units seek to achieve through various expenditures.
The COFOG, produced by the Organization for Economic Cooperation and Development (OECD) and published together with three other classifications in the United Nations (UN) is a detailed classification of the functions or socioeconomic objectives that general government units seek to achieve through various expenditures. It is one of a family of four classifications referred to as classifications of individual consumption, according to purpose (the Classification of Individual Consumption According to Purpose (COICOP); the Classification of the Purpose of Nonprofit Institutions Serving Households (COPNI); and the Classification of the Outlays of Producers According to Purpose (COPP)).
The South Korean government’s Classification of the Functions of...
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