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An analysis of international labor mobility : The case of Korea

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Frame of Image  F RL http://www.kiet.re.kr URL : http://www.kiet.re.kr New Investment Strategies to Consolidate the Growth CapAnalysis of International Labor Mobility: The Case of Korea An abilities Major Industries in the Smart Era Published December 30, 2011 in Korea by KIET on September 15, 2015 in Korea by KIET 2011 2015 KIET ISBN 978-89-5992-000-0 93320 978-89-5992-816-3
Contents
Abstract …………………………………………………………… 5 Ⅰ. Introduction ……………………………………………………… 7 Ⅱ. Overview of Foreign Workers Employment System in Korea ……………………………………………………………10 1. History of Foreign Worker Employment System in Korea … 10 2. Current System: Employment Permit System …………… 12 3. Process of the Employment Permission …………………… 16 Ⅲ. An Analysis of the International Labor Mobility …………20
1. Theoretical Approach on the Effect of the International Labor Mobility ……………………………………………………20 2. Current States of Foreign Workers in Korea ………………27
Ⅳ. Policy Implications ……………………………………………31
References ……………………………………………………………34
Table Contents
Table 1. Foreign Worker Employment Permission by Industry ………13 Table 2. Foreign Residents in Korea…………………………………………27 Table 3. Skilled or Professional Foreign Residents by Visa Type ……29 Table 4. Employment Permit Quotas (E-9) by Industry ………………29
Figure Contents
Figure 1. General Employment Process of Immigrant Workers ………………17 Figure 2. Special Employment Process of Immigrant Workers………………19 Figure 3. International Labor Mobility and its Economic Impact ………………20 Figure 4. Labor Market of Lo


Full Text
Title An analysis of international labor mobility
Similar Titles
Sub Title

The case of Korea

Material Type Articles
Author(English)

Kim, Juyoung

Publisher

세종:Korea Institute for Industrial Economics&Trade

Date 2015
Journal Title; Vol./Issue KIET Occasional Paper:no. 99
ISBN 978-89-5992-816-3
Pages 35
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Social Development < Employment
Holding KIET

Abstract

The employment of foreign workers is getting more attention among policy makers and labor market experts, as the Korean population is aging in an unprecedentedly rapid way. In this paper, we analyze the impacts of foreign labor force influx on the domestic labor market theoretically and overview the foreign worker employment system in Korea. Theories show that foreign workers may lead to reduction of wages as well as some substitution of native workers with foreign workers, depending on industry, skill level and firm type. However, job market segmentation and induced new investment may decrease a negative impact on the domestic labor market. Combining the theory, the institutional facts, and current states of foreign workers in Korea, we draw some policy implications. First, H-2 visa holders could neutralize the effort on the industrial quotas. And also, this may make the government lose control over the foreign workers’ labor supply. (The rest omitted)