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The effects of market opening on the Korean retail industry

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  • The effects of market opening on the Korean retail industry
  • Moon, Sang Young; Ha, Bongchan
  • The Korean Economic Association


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Title The effects of market opening on the Korean retail industry
Similar Titles
Material Type Reports
Author(English)

Moon, Sang Young; Ha, Bongchan

Publisher

[Seoul]:The Korean Economic Association

Date 2009
Journal Title; Vol./Issue The Korean Economic Review:vol. 25(no. 2)
Pages 15
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < General
Holding KEA

Abstract

This paper studies whether the opening of the Korean retail industry in 1996 has positively affected productivity and efficiency in the retail industry over time. We have found that the productivity of firms in the Korean retail industry has improved significantly since the market opening and that market efficiency has increased in the sense that the higher productivity firms have a larger market share. However, this productivity improvement has not been observed uniformly among sectors. Rather, it has been concentrated at large discount stores, CVS, nonstore retailing, and other new venues. The new venues and concentrated markets have been structural changes in the traditional Korean retail market.