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International labor migration and financial crisis in Korea

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  • International labor migration and financial crisis in Korea
  • Seok, Hyun Ho
  • Seoul National University(Institute for Social Development and Policy Research, Center for Social Sciences)


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Title International labor migration and financial crisis in Korea
Similar Titles
Material Type Articles
Author(English)

Seok, Hyun Ho

Publisher

[Seoul]:Seoul National University(Institute for Social Development and Policy Research, Center for Social Sciences)

Date 1999-06
Journal Title; Vol./Issue Development and Society:vol. 28(no. 1)
Pages 27
Subject Country South-Eastern Asia(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Social Development < Population
Holding Seoul National University

Abstract

As the Korean economy became severely depressed due to the eruption of the financial crisis in November 1997, most foreign migrant workers in the country were expected ti return to their home countries. However, only one quarter of them moved out of the country, and recently this number has begun to increase. This study uses government statistics and survey data to explore causes of their relative immobility at both the macro- and micro-level. Main findings from the study are: (1) the amnesty measure, which was a major government policy to reduce the number of illegal sojourners, exerted some positive effect in the first few months after the crisis, but did not in later periods; (2) the migrant workers' return rates are negatively associated with the economic development levels of origin countries, indicating that employment and income opportunities at origins are important factors determining mobility; (3) small- and medium-size manufacturing companies still prefer to hire migrant workers over native workers, due to cheaper wages for the former as well as difficulties in recruiting native workers in 3D jobs; and above all (4) most migrant workers, regardless of their sojourn status, desire to stay in the country since their total earnings are less than their migration costs or not as much as they planned, or since they cannot get a job in their home country. (The rest omitted)