Export Creates More Jobs Than Business for Koreans

Exporters contribute more to job creation and productivity than companies catering only to domestic demand.

The Korea International Trade Association on Sunday said a study of 6,573 companies shows exporters contribute a 33.3 percent increase to employment, while the figure for domestic-demand-oriented firms is 8.7 percent.

Some 202,000 workers were hired by exporters from 2006 to 2012, accounting for 54 percent of new jobs in the period. Exporters also boasted per-capita productivity of W1.04 billion as of 2012, compared to W440 million in companies catering to Koreans (US$1=W1,010).

Oh Se-hwan, who conducted the study, said, "We need to boost growth potential and revitalize the economy by helping companies that only sell their goods here become exporters."

englishnews@chosun.com / Jul. 07, 2014 12:32 KST