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Economic development model of the development in skill-intensive textile industry

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Supervised by	 Prepared by	 Author	 Advisory
Ministry of Knowledge Economy (MKE), Republic of Korea Korea Institute for Industrial Economics&Trade (KIET) 	 ae-Duk Lee, Korea Institute for Industrial Economics&Trade (KIET) J Young-Hwan Gwon, Korea Federation of Textile Industries (KOFOTI) Sungwon Byun, Korea Institute of Industrial Technology (KITECH)
Research Management
Korea Development Institute (KDI) School of Public Policy and 	 Management
Supported by
Ministry of Strategy and Finance (MOSF), Republic of Korea
Government Publications Registration Number 11-1051000-000192-01 ISBN 978-89-93695-39-7 94320 ISBN 978-89-93695-27-4 [SET 40] Copyright © 2012 by Ministry of Strategy and Finance, Republic of Korea
Government Publications Registration Number 11-1051000-000192-01
Knowledge Sharing Program
2011 Modularization of Korea’s Development Experience
Economic Development Model of the Development in Skill-intensive Textile Industry
Preface
The study of Korea’s economic and social transformation offers a unique opportunity to better understand the factors that drive development. Within one generation, Korea had transformed itself from a poor agrarian society to a modern industrial nation, a feat never seen before. What makes Korea’s experience so unique is that its rapid economic development was relatively broad-based, meaning that the fruits of Korea’s rapid growth were shared by many. The challenge of course is unlocking the secrets behind Korea’s rapid and broad-based


Full Text
Title Economic development model of the development in skill-intensive textile industry
Similar Titles
Project Category Development Cases
Material Type Reports
Author(English)

Lee, Jae-Duk

Publisher

Seoul:KDI School of Public Policy and Management

Date 2012
Project Development Cases
Series Title; No Knowledge Sharing Program: KSP Modularization
ISBN 978-89-93695-39-7; 978-89-93695-27-4 [SET 40]
Pages 128
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < General
Holding KDI School of Public Policy and Management
Supervisor KDI School of Public Policy and Management
Organizer Ministry of Knowledge Economy; Korea Institute for Industrial Economics&Trade
Sponsor Ministry of Strategy and Finance
Project Term 2011-01-01 ~ 2011-12-31

Abstract

Korean textile industry sought industrial development by transferring from the initial import substitution system to export industrialization. In other words, Korea was able to enhance its industrial capacity through price and quality competition in the markets of developed countries using abundant low-cost labor force as well as self-supply of raw materials.
In this process, it was possible to enter the overseas market based on initial entrepreneurship and creation of agglomeration effect by establishing specialized production complexes. For example, the Korea expanded export of apparel and sewing products through the establishment of export companies such as Daewoo International (President Kim Woo Jung) and construction of Guro Industrial Complex (mainly apparel and electronic assembly products) in 1967. (The rest omitted)