This study identifies and analyzes the factors and patterns of the growth in the Korean textile industry, providing empirical information and analysis on the production structure of that industry for future policymaking.
While the growth of the Korean textile industry has recently begun to slow, the industry still continues to develop, providing an increasing number of jobs for Korean workers. The textile industry will continue to remain an important subject of the industrial and economic policies in Korea for the time being.
With its significance and growth potential, the Korean textile industry constitutes an important example for the analysis of the type of industrialization and the industrial structure in Korea. As the textile industry has been at the forefront of Korea’s industrialization and modernization from the beginning, an in-depth examination of how the industry has evolved over time reveals important details of Korea’s changing industrial, trade, and employment policies and their outcomes. The textile industry also reflects the process of industrial development in Korea and illustrates how business growth and technological progress result in fundamental and qualitative transformations of production structures. Having grown so large in such a short span of time, the Korean textile industry also demonstrates a wide range of business sizes, technological complexity, and production factors, allowing for a comparative analysis involving the production structures of other industries as well.
The Korean textile industry remained relatively simple with a simple production structure during the Japanese occupation era and in the aftermath of the Korean War. During the occupation era, the Korean textile industry continued to grow at a rate between 12 and 16 percent per year. The annual growth rate increased to 19 percent in the years following the end of the Korean War, between 1953 and 1957. Due to the sustained efforts to develop new products and technologies, the industry managed to maintain an average annual growth rate of 10.6 percent from 1962 to 1974, growing by 21.2 percent in total between 1957 and 1971.
Examination of how the Korean textile industry has evolved and how its production structure has changed over time suggests important implications for Korea’s future industrial policymaking. This study also hints at specific factors and issues in the textile industry that will require more in-depth research
섬유공업의 성장과정과 생산구조(Evolution of the Korean textile industry and its production structure)
[서울] : 한국개발연구원
|Series Title; No||연구보고서 / 제75-21권|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Industry and Technology < General|
|Holding||KDI; KDI School|