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Different types of liberalization and jobs in South Korean firms

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Frame of Image I (inward foreign direct investment), and foreign ownership-on regular, irregular jobs and the ratio of irregular employment to regular employment. Findings revealed that imported intermediate inputs and IFDI affected neither regular nor irregular job figures. However, an increase in total imports led to a decrease in the number of irregular jobs without affecting regular full time jobs, leading to a decrease in the ratio of irregular jobs to regular jobs. On the other hand, changes in foreign ownership structure had a contrary effect, that is, a decrease in the number of regular jobs and an increase in irregular ones, and, thus, an increase in the ratio of irregular jobs to regular jobs. Overall results showed that a rise in imports results in depressed overall employment, irregular employment in particular, while more IFDI results in more irregular jobs replacing regular ones, effectively exacerbating job insecurity. The implication of this analysis is that greater economic openness may have a negative impact on the South Korean labor market overall. Keywords: Economic Openness, Imports, Inward FDI, Employment Type, Regular Jobs, Irregular Jobs JEL Classification: F14, F16, F21
I. INTRODUCTION
In an effort to overcome the Asian foreign exchange crisis that erupted at the end of 1997, South Korea undertook various reform measures: currency and fiscal
This paper modified and revised on Ch. 3 of Ph. D. dissertation by Hyuk-Hwang Kim. This work was supported by National Researc


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Title Different types of liberalization and jobs in South Korean firms
Similar Titles
Material Type Reports
Author(English)

Kim, Hyuk-Hwang; Lee, Hongshik

Publisher

[Sejong]:Korea Institute for International Economic Policy

Date 2015-03
Journal Title; Vol./Issue Journal of East Asian Economic Integration:vol. 19(no. 1)
ISBN 2234-8867
Pages 27
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Direct Investment
Social Development < Employment
Holding KIEP