The purpose of this study is to determine the business conditions of Korean companies in China. For this, a business survey was conducted from October to November 2020 by the Korean Institute for Industrial Economics and Trade (KIET) and the Korean Chamber of Commerce in China. The scale of...

In general, wage differential is recognized as an important factor in migration, which is crucial to an economy. It is a key issue, especially in Korea, which faces “mono-centric development” around the capital area. Therefore, the purpose of this paper is to identify the determinants of...

The purpose of this study is to determine the business conditions of Korean companies in Vietnam. For this, a business survey was conducted from September to October 2021 by the Korean Institute for Industrial Economics and Trade (KIET) and the Korean Chamber of Commerce (KORCHAM) in Vietnam....

Korea and China established formal relations 30 years ago. Vibrant bilateral trade has significantly contributed to the economic growth of both nations. However, a remarkable turning point has occurred recently: Bilateral trade seemed to balance out due to China’s lockdown policy and Korea’s...

The Korean economy has seen a prolonged low-growth trend since 2000, and the employment elasticity of growth is slowing down as the industrial structure advances. As a result, the existing companies are not creating sufficient jobs while their restructuring has become frequent. There is a...

Since the inauguration of the new government, the most important goal of government has been to achieve a 70% employment rate. With the realization of the creative economy, the big question on the minds of the government has been to create more high quality jobs. To reach its goal, the...