Export Creates More Jobs Than Business for Koreans

      July 07, 2014 12:32

      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."

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