CEPA (Comprehensive Economic partnership Agreement) started from January, 2010 between Korea and India is expected to be catalysis to bridge two countries in many areas such as economic collaborations, cultural understandings, diplomatic partnerships, and human interactions. As CEPA emphasizes human relations, interactions of labor and human resources will bring about huge economic effect to both countries.
India has the second largest population in the world. This made India rich in laborforces and higher economic growth especially past 5 years. India demonstrates about 8% annual GDP growth with increasingrate of education level of population. Korea regards India as a key trade partner in various areas. 2000’s see phenomenal increase in trade to India, especially after CEPA,economic collaboration accelerated trade amount about 40% growth to 17billion dollars. This counts 7th largest trade partner in Korea. Nevertheless, human resource exchange does not follow the trade growth pattern. In 2010, only 50 thousand Indians visited Korea, where 80 thousand Koreans visited India in 2009.
The research intended to provide basic methodologiesto develop partnerships in both human resource interactions and economic collaborations. The research has two perspectives. The first view is the research for Indian labors working in Korea.
The study hired both structured questionnaire survey andin depth interview. The study found that Indian human resources are relatively satisfied with the working conditions and wages. However, the keen sense of considerations such as education of children and spouse daily activities are required.
The second view is the research for Korean human resources working in India. As the number of Koreans working in India is scarce, the study adopted in-depth personal interview method. Theresult shows that most Koreans are hired for marketing purposes to Korea. Koreans are suffered by lack of utilities such as water, electricity and sewage. Mostly they were not satisfied with the wage level.
The research found the situations and recommendations for both countries. The recommendations from the research are two folds. Firstly, in order to compensate the lack of domestic labors, we need to have longer term relationships with Indian partners such as colleges and universities and some other research institutions in India. Secondly, in order to develop job opportunities in India, institutional support rather than individual relations are essential. As most needs for Korean labor forces are limited to correspond to Korean institution, institutional relations are more effective.
The research is without limitations. As the sample size is quite limited, the sampling bias is the main limitation.The study may lack in external validity. However, the study can shed a light concerning Indian and Korean labor exchange and mutual benefit by labor collaboration.
- 한, 인도 기업의 양국 인력 활용 실태 및 적극적 활용방안 연구
- 허재준; 염지환; 김봉훈; 이건준; 김상식: 변정민; Ishaque, Ahmad
한, 인도 기업의 양국 인력 활용 실태 및 적극적 활용방안 연구
[서울] : 대외경제정책연구원
|Series Title; No||연구자료 / 11-52|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Social Development < Employment|
|Holding||Korea Institute Economic Policy|