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Structural change and productivity in the retail industry : A comparison of Korea and Japan

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Frame of Image . Since then, the structural adjustment in the retail industry has been carried out for more than a century, and the regulations of the large-scale
Structural Change and Productivity in the Retail 1) Industry : A Comparison of Korea and Japan
businesses among all businesses in Korea’s retail industry was 94% in 2010. The same proportion in Japan’s retail industry was 67% in 2012. The proportion in Japan is lower than that in Korea, but their respective proportions are very high compared to that in the United States, 40% in 2007. The retail industry’s structure has been retailers have hardly been implemented. In Japan, the large-scale retailers began to grow rapidly from the mid-20th century, and in response to this, the regulatory policies for the protection of small and medium-sized retailers have been carried out. In Korea, largescale retailers have been rapidly expanded since the late 20th century and the regulatory
Table 1.
Proportion of Small Businesses in the Retail Industry
Unit : %
Korea Japan 2010 94.0 2002 69.3 2012 66.8 2002 39.3 U.S. 2007 39.8
2005 94.9
Source : Statistics Korea, Economic Census; Ministry of Economy, Trade and Industry Japan, Census of Commerce; Statistics Japan, Economic Census; the U.S. Census Bureau, Economic Census. Note : Proportion of small businesses is calculated by dividing the number of small businesses by the number of all businesses in the retail industry.
1) This paper draws heavily on the author’s research publication in Korean, enti


Full Text
Title Structural change and productivity in the retail industry
Similar Titles
Sub Title

A comparison of Korea and Japan

Material Type Reports
Author(English)

Kim, Sukkyung

Publisher

[Sejong, South Korea] : Korea Institute for Industrial Economics and Trade

Date 2016-10
Series Title; No KIET Industrial Economic Review / vol. 21(no. 5)
Pages 8
Subject Country Japan(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < General
Economy < Economic Administration
Holding Korea Institute for Industrial Economics and Trade
License

Abstract

The structure of retail industry in Korea has similarities with that in Japan. The proportion of small businesses2) in the retail industry in two countries, is relatively high compared to that of the western developed countries, such as the United States. The proportion of small businesses among all businesses in Korea’s retail industry was 94% in 2010. The same proportion in Japan’s retail industry was 67% in 2012. The proportion in Japan is lower than that in Korea, but their respective proportions are very high compared to that in the United States, 40% in 2007.
The retail industry’s structure has been significantly affected by the emergence of large-scale retail enterprises and the regulation policies of government. In the United States, the large-scale retailers have emerged in the early 20th century. Since then, the structural adjustment in the retail industry has been carried out for more than a century, and the regulations of the large-scale retailers have hardly been implemented. (The rest omitted)