• Title/Summary/Keyword: Korean manufacturing sector

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Sources of Long-term Industrial Growth and Structural Change in Korea, 1955-85 (장기적(長期的) 산업성장(産業成長) 및 구조변화요인(構造變化要因)의 분석(分析) (1955~85))

  • Kim, Kwang-suk;Hong, Sung-duk
    • KDI Journal of Economic Policy
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    • v.12 no.1
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    • pp.3-29
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    • 1990
  • Korean input-output tables for 1975 and 1985 are first deflated into 1975 constant domestic prices(hypothetical terms), and the constant price I-O data are used to decompose the sources of industrial growth and structural change during the 1975-85 period. Using the same methodology, our results for the 1975-85 period are then linked to the results for the earlier period(1955-75) in order to analyze and evaluate the "demand-side" sources of industrialization over the past three decades. The results from the decomposition of the whole economy indicate that over three decades(1955-85) the relative contribution of domestic demand expansion (DDE) to growth and structural change has continuously declined while the contribution of export expansion(EE) has generally continued to rise. The contribution of import-substitution(IS) which had been significantly higher than that of EE during 1955-63 declined substantially, remaining at an insignificantly low level during the period following 1963. Although it is well known that the government's industrial policy in the 1970s emphasized import-substitution in heavy and chemical industries, no significant changes in the export-oriented growth pattern could be observed even for that period, except for a minor decline in the relative contribution of EE. This may be attributed to the substantially larger, backward-linkage effects of EE than that of IS. The sources-of-growth decompositions for major branches of the manufacturing sector generally support the major conclusions derived from the decomposition for the whole economy. The IS contribution which had been significantly high in almost all manufacturing branches during the 1955-63 period declined to low levels in all but two branches, heavy industry and machinery, during the following period. On the other hand, the relative contribution of EE showed a continuous rise in almost all manufacturing branches(except food processing). Finally, the sources of growth for 1975-85 which were decomposed by detailed sub branches, are analyzed by correlating them with changes in relative prices and industrial protection rates by sub-branches for the same period. A major result is that contrary to general expectations, the EE contributions by sub-branch are not negatively correlated with the nominal rates of protection and/or the effective rates of protection for the same sub-branches. It is also found that no statistically significant, positive correlation exists between IS contributions and nominal protection rates or effective protection rates. These unexpected results may be explained by the peculiar nature of the Korean system of industrial incentives for the past period.

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Comparing the Industrial Characteristics of Smart City in Korea and Spain (한국과 스페인의 스마트시티 산업 특성 비교)

  • Jo, Sung Su;Lee, Sang Ho
    • Journal of the Korean Regional Science Association
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    • v.38 no.3
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    • pp.19-39
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    • 2022
  • The aim of this study is to compare and analyze structural characteristics of smart city industry focused on Korea and Spain. Structural characteristics of industries were compared focusing on share, penetration, impact path and network clustering of smart industries. Research data used input-output tables established by Korea and Spain in 1995 and 2015, and industries were reclassified into 8 and 25 industries. The analysis model is the Smart SPIN Model. The key finding as follows: It was analyzed that there are differences in the structure and characteristics of the smart city industry between Korea and Spain. Firstly, It is analyzed that Korea has a larger share and penetration rate of IT manufacturing than Spain. On the other hands, Spain has a higher share and penetration rate in the IT service and knowledge service sectors than Korea. Secondly, Korea had many production paths for the IT service and the knowledge service. On the other hands, Spain included more production paths in the IT manufacturing sector. Thirdly, as a result of network analysis, Korea's smart industry has a characteristic that it is difficult to develop independently because it is dependent on traditional industries. In Spain, most of the smart industries were included in one industrial cluster, and it was analyzed to have an independent form. In conclusion, It was found that Korea has the industrial characteristics of a smart city based on IT manufacturing. Spain has the characteristics of smart city industry based on IT service and knowledge service. The results of this study are expected to provide basic data on the direction of smart city promotion and the establishment of smart city policies in Korea.

Analysis of the Operation of Fire Observers in the Domestic Manufacturing Industry - Focusing on the Revised Occupational Safety and Health Act (국내 제조업 화재감시자 운영 실태 분석 - 개정 산업안전보건법 중심)

  • Kyung Min Kim;Yongyoon Suh;Jong Bin Lee;Seong Rok Chang
    • Journal of the Korean Society of Safety
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    • v.38 no.3
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    • pp.77-84
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    • 2023
  • Welding and cutting, which are representative tasks in handling firearms at industrial sites, are the basis for production and maintenance processes across all industries. They are also essential in the root industry. Specifically, they are widely used in the manufacturing industry, including equipment industries such as shipbuilding, automobiles, and chemicals, and subsequent maintenance work and general facility repair. However, such hot work carries a high fire risk owing to sparks scattering and inadequate management, resulting in a high occurrence of accidents. In response, the government and relevant organizations have recently revised the Occupational Safety and Health Act to prevent accidents during hot work. These revisions impose more stringent regulations than before, which are expected to help prevent actual fire accidents. However, whether the fire observer system, which is the core element of the revision, would be practically applied and maintained is unclear. Therefore, this study compared the fire observer system in the revised Occupational Safety and Health Act with those in the laws and systems of developed countries, conducted interviews with safety and health experts to assess the suitability of the new system for fire observer operations, and improvement plans were derived accordingly. Therefore, the laws and systems of developed countries grant more authority to fire observers compared with those of Korea. Moreover, professional training in handling emergency is required. Interviews with safety and health experts revealed that regardless of company size, the same operating standards were applied, and standards for deploying fire observers in various locations were unclear. Furthermore, there was a lack of professional education and training, and the role and authority of fire observers were limited. These findings revealed a problem in this sector. The results of this study are expected to serve as basic data for establishing a practical system for placing fire observers and supplementing laws, guidelines, and systems for preventing fire accidents.

Asymmetric Impacts of the Crude Oil Price Changes on Korea's Export Prices (국제유가 변동이 수출물가에 미치는 비대칭적 영향)

  • Hong, Sung-Wook;Kim, Hwa-Nyeon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.17 no.4
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    • pp.663-670
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    • 2016
  • This paper analyzes the asymmetric pass-through effects of crude oil price changes on export prices in Korea's manufacturing sector using a nonlinear autoregressive distributed lag (NARDL) model. These pass-through effects are important for Korean companies that are highly dependent on exports. Because the effects differ by industry, eight sectors of the manufacturing industry were examined. The model is effective for separately testing the long-term and short-term differences between the export-price pass-through effects when crude oil prices increase and decrease. The estimation results show that there is positive pass-through to export prices as crude oil prices change, and there are asymmetric effects in some manufacturing sectors. Short-term asymmetries were detected in the export prices of five sectors that include general machinery and transport equipment, and significant long-term asymmetries were found for petroleum and coal products and for textile and leather products. The long-term export price of oil and coal products rose by 0.992% with a 1% increase in the oil price and fell by 0.977% with 1% decrease. Therefore, corporate strategies and government export policies should be established in accordance with these asymmetric pass-through effects.

International Comparative Analysis of Technical efficiency in Korean Manufacturing Industry (한국 제조업의 기술적 효율성 국제 비교 분석)

  • Lee, Dong-Joo
    • Korea Trade Review
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    • v.42 no.5
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    • pp.137-159
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    • 2017
  • This study divides manufacturing in 18 countries including Korea, China, Japan and OECD countries into 11 areas and estimates and compares the technological efficiency of each industry. The traditional view of productivity is to increase production capacity through technological innovation or process innovation, but it is also influenced by the technological efficiency of production process. A Stochastic Frontier Production Model (SFM) is a representative method for estimating the technical efficiency of such production. First, as a result of estimating the production function by setting the output variable as total output or value-added, in both cases, the output increased significantly in all manufacturing sectors as inputs of labor, capital, and intermediate increased. On the other hand, R&D investment has a large impact on output in chemical, electronics, and machinery industries. Next, as a result of estimating the technological efficiency through the production function, when the total output is set as the output variable, the overall average of each sector is 0.8 or more, showing mostly high efficiency. However, when value-added was set, Japan had the highest level in most manufacturing sectors, while other countries were lower than the efficiency of the total output. Comparing the three countries of Korea, China and Japan, Japan showed the highest efficiency in most manufacturing sectors, and Korea was about half or one third of Japan and China was lower than Korea. However, in the food and electronics sectors, China is higher than Korea, indicating that China's production efficiency has greatly improved. As such, Korea is not able to narrow its gap with Japan relatively faster than China's rapid growth. Therefore, various policy supports are needed to promote technology development. In addition, in order to improve manufacturing productivity, it is necessary to shift to an economic structure that can raise technological efficiency as well as technology development.

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Emission Characteristics of Mercury in Zn Smelting Process (아연제련시설에서의 수은 배출특성)

  • Park, Jung-Min;Lee, Sang-Bo;Kim, Hyung-Chun;Song, Duk-Jong;Kim, Min-Su;Kim, Min-Jung;Kim, Yong-Hee;Lee, Sang-Hak;Kim, Jong-Chun;Lee, Suk-Jo
    • Journal of Korean Society for Atmospheric Environment
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    • v.26 no.5
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    • pp.507-516
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    • 2010
  • Stationary combustion sources such as coal-fired power plants, waste incinerators, industrial manufacturing, etc. are recognized as major sources of mercury emissions. Due to rapid economic growth, zinc production in Korea has increased significantly during the last 30 years. Total zinc production in Korea exceeded 739,000 tons in 2008, and Korea is currently the third largest zinc producing country in the world. Previous studies have revealed that zinc smelting has become one of the largest single sectors of total mercury emissions in the World. However, studies on this sector are very limited, and a large gap in the knowledge regarding emissions from this sector needs to be bridged. In this paper, Hg emission measurements were performed to develop emission factors from zinc smelting process. Stack sampling and analysis were carried out utilizing the Ontario Hydro method and US EPA method 101A. Preliminary data showed that $Hg^0$ concentrations in the flue gas ranged from 4.56 to $9.90\;{\mu}g/m^3$ with an average of $6.40\;{\mu}g/m^3$, Hg(p) concentrations ranged from 0.03 to $0.09\;{\mu}g/m^3$ with an average of $0.04\;{\mu}g/m^3$, and RGM concentrations ranged from 0.23 to $1.17\;{\mu}g/m^3$ with an average of $6.40\;{\mu}g/m^3$. To date, emission factors of 7.5~8.0 g/ton for Europe, North America and Australia, and of 20 or 25 g/ton for Africa, Asia and South America are widely accepted by researchers. In this study, Hg emission factors were estimated using the data measured at the commercial facilities as emissions per ton of zinc product. Emission factors for mercury from zinc smelting pross ranged from 4.32 to 12.96 mg/ton with an average of 8.31 mg/ton. The emission factors that we obtained in this study are relatively low, considering Hg contents in the zinc ores and control technology in use. However, as these values are estimated by limited data of single measurement of each, the emission factor and total emission amount must be updated in future.

An Empirical Analysis of Optimal Size Combination in the Small Crop-Livestock Cycling Organic Farm (소규모 경축순환 유기농가의 경제적 최적규모 조합 실증 분석)

  • Choi, Deog-Cheon
    • Korean Journal of Organic Agriculture
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    • v.26 no.1
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    • pp.57-72
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    • 2018
  • Organic agriculture seeks sustainable agriculture. Organic agriculture is based on circulating agriculture of a family farm unit. However, as of the end of 2016, only 33 out of the total organic farming farms were implementing Crop-Livestock cycling organic farming. The reason seems to be a matter of income after all. The optimal size combination refers to the scale by which family farms can maintain their quality of life while engaging in farming activities. In other words. it is a farm scale that maintains optimal income through stable labor costs. In the meantime, there has been no previous study on the optimal economical combination of Crop-Livestock cycling farming. Choi (2016) analyzed whether the economies of scope (EOS) were realized in the combined production by using the management data of the farmers who practiced Crop-Livestock cycling organic farming for four years. As a result, it has been revealed that the EOS measurement value is 0 or more so the economies of scope are being realized. Therefore, the purpose of this empirical analysis is to identify farm incomes under this circumstance. It is assumed that the optimum production is achieved by balancing the total income curve and the total cost curve in the optimal scale production range. The results of the analysis are as follows. First, the income after the conversion to Crop-Livestock cycling farming was 44,789,280 won, the sum of the seedling-livestock sector, which was 17,873,120 won higher when the non-Crop-Livestock cycling farming was assumed. The same is true for 2014 and 2015. The reason for this is that pig droppings were composted from organic seedlings, and the cost of selling pork was 150,000 won/per pig more expensive even though the manufacturing cost of organic feeds was higher than the purchasing cost. Secondly, this study simulated the result that the economic index varies when the farm size combination is changed by the farm size of 100% standard (S100) as of 2014. S130 is the increase in size from 100% of 2014, whereas S30 is the result of 3ha crop and 66 livestock (pigs). As a result of this simulation, Crop-Livestock cycling farming income decreased more than non-Crop-Livestock cycling farming as the farm size decreased, whereas the income decreased as the farm size increased. When the size was reduced below S50, the income tended to decrease. In this situation, EOS changed in the same direction. The results showed that when the farming size was reorganized and reduced to 50% compared to 2014, the income and income difference was the highest. At the same time, economies of scope (EOS) were the highest at 0.12985. In other words, it was found that the income of farm houses in a family farm unit sector was the best in the combination of 1.5ha crop agriculture and 110 livestock (pigs).

A Study on the Factors Influencing Regional Networks of Start-ups in New Growth Industries in the Capital Region (수도권 신성장산업 창업 사업체의 지역 간 유출입 네트워크 및 영향 요인)

  • Song, Changhyun;Kim, Juyoung;Lim, Up
    • Journal of the Korean Regional Science Association
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    • v.38 no.1
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    • pp.3-20
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    • 2022
  • The purpose of this study is to exploratory analyze the transition pattern of establishments and workers in new growth industries in the metropolitan area from 2010 to 2019 and to identify regional factors affecting the inflow and outflow of new growth industry start-ups. As for the analysis, the original data of the Census on Establishments were used, and spatial data at the sigungu level were constructed based on the inflow and outflow data of the number of new growth industry businesses and workers. For the analysis, the degree centrality of connection to outflow inflow by region was calculated, and an empirical analysis was conducted on regional-level factors affecting the inflow and outflow of new growth industries by applying a negative binomial regression model. According to the results, the new growth industry manufacturing sector was actively relocated in southern Gyeonggi Province, and the new growth industry service sector in Gangnam and Guro-Geumcheon-gu, and the impact of regional-level factors on the inflow and outflow of new growth industry start-ups varies depending on the industry. This study presented implications for regional industrial policies to improve the competitiveness of the local economy by attracting new industries by identifying spatial transition patterns for new growth industries and conducting empirical analysis to identify influencing factors.

Study on Economic Value and Variance on Water Supply in Industrial Complexes (산업단지 내 공업용수 공급의 경제적 가치 및 한계생산가치 변동성에 관한 연구)

  • Kim, Gilho;Kim, Deokhwan;Kim, Kyungtak;Kim, Hung Soo
    • Journal of Wetlands Research
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    • v.20 no.2
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    • pp.190-200
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    • 2018
  • This study estimated the marginal production value based on the production function approach to confirm the economic value of industrial water supply projects. For this, we analyzed 4 data sets classified by 11 industry types according to Cobb-Douglas Function, Translog Function, and Translog function with sector dummy variables. As a result, the average industrial marginal product value of the entire industry was 3,217~5,357 won/ton, 2,994~4,569 won/ton and 3,620~5,342 won/ton, respectively. The results by industry type were the largest in furniture and other manufacturing industries and showed the lowest marginal production value in the textile and leather industries. Overall, the results from the Cobb-Douglas function were highly evaluated. And the volatility according to data sets was also analyzed in the Cobb-Douglas function. There have been few studies on the economic value of industrial water compared to domestic water. It is considered that multidisciplinary consensus will be needed through active research in the future.

A Study on Induced effect of Aggregate and Stone Sector with Input-Output Table (산업연관표를 이용한 골재 및 석재부문의 경제적 파급효과 분석연구)

  • Kim, Ji Whan
    • Economic and Environmental Geology
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    • v.54 no.5
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    • pp.573-580
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    • 2021
  • This study analyzed the induced effects of the aggregate and stone sectors using the industry association table. First, the added value of the aggregate and stone sectors was summarized, and then the intermediate input structure and induced effect were analyzed. In terms of value-added structure, aggregate and stone showed a higher employee remuneration rate compared to the manufacturing industry, and a higher rate of operating surplus compared to other mining industries. The intermediate input structure summarizes the sector using aggregate and stone products as intermediate inputs and their input ratio. The proportion of the intermediate element input structure was confirmed. In addition, the main input sectors of ready-mixed concrete, the largest consumer of aggregate and stone, are also summarized. The production-inducing effect of aggregate and stone showed a higher influence coefficient than the sensitivity coefficient, confirming that they had a relatively large rear chain effect. The production inducement effect was reviewed by reconstructing the industry association table, and it was found to show a relative superiority in the influence coefficient, similar to the results derived according to the provisional classification of the Bank of Korea.