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Structural adjustment policies of Korea’s coal industry

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Frame of Image National Open University Jin Sung Chung, Korea National Open University, Professor Ki-Joo Park, Sungshin Women’s University, Professor wang Sik Kim, Coal Industry Promotion Board (CIPB), K Fomer Chief Director Gi Joon Won, The Institute for Social Study of Mining Area, Fomer Director KDI School of Public Policy and Management Ministry of Strategy and Finance (MOSF), Republic of Korea Advisory Research Management Supported by Government Publications Registration Number 11-7003625-000028-01 ISBN 979-11-5545-058-1 94320 ISBN 979-11-5545-032-1 [SET 42] Copyright © 2013 by Ministry of Strategy and Finance, Republic of Korea Government Publications Registration Number 11-7003625-000028-01 Knowledge Sharing Program 2012 Modularization of Korea’s Development Experience Structural Adjustment Policies of Korea’s Coal 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 has 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 development, which can offer invaluable insights and lessons and knowledge that can be shared with the rest of the


Full Text
Title Structural adjustment policies of Korea’s coal industry
Similar Titles
Project Category Development Cases
Material Type Reports
Author(English)

Chung, Jin Sung; Park, Ki-Joo

Publisher

Seoul : KDI School of Public Policy and Management
Date 2013
Project Development Cases
Series Title; No Knowledge Sharing Program: KSP Modularization
ISBN 979-11-5545-058-1 94320; 979-11-5545-032-1 [SET 42]
Pages 128
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Energy
Holding KDI School of Public Policy and Management
Supervisor KDI School of Public Policy and Management
Organizer Ministry of Trade, Industry and Energy(Republic of Korea); Korea National Open University
Sponsor Ministry of Strategy and Finance(Republic of Korea)
Project Term 2012-01-01 ~ 2012-12-31
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Abstract

In the process of economic growth, some industries are growing and some industries are declining. Declining industries can be defined as industries with losing competitiveness. They are no longerable to exploit invested resources efficiently. At the level of the national economy, it is desirable to move inefficiently-used resources to a more productive industry. In the case of high exit barriers existing in the declining industry, the government may execute adjustment policies, which would lower exit barriers to facilitate the shift of resources from the declining industry to a productive industry.
In general, adjustment policies comprise the measures for re-employing the laborers employed in the declining industry, disposal or transfer of the facilities and the revitalization of the community where the declining industry is located. This study aims at scrutinizing the adjustment policies of the Korean coal industry, which proceeded rapidly from the late 1980s to the early 1990s. From the result of the study, we can also expect some solutions for the smooth execution of the adjustment policies. (The rest omitted)

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Government Publications Registration Number 11-7003625-000028-01

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