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Industrial Restructuring in the Seoul Metropolitan Region: Major Triggers and Consequences

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  • S O Park

    (Department of Geography, Seoul National University, Seoul 151-742, Korea)

Abstract

The major triggers and consequences of industrial restructuring in the Seoul metropolitan region have been investigated. Special focus is placed on the textile and apparel industry and the changes it underwent in the 1980s. Rapid increases in wages, labour disputes, currency revaluation, and the high financial costs resulting from high interest rates and a vulnerable financial structure were the most significant triggers. A decline in the rate of increase of labour productivity and shortages of production workers arising from changes in work attitude were also regarded as important triggers. Industrial restructuring in the Seoul metropolitan region has resulted in significant changes in local labour-market structure because of the different labour requirements arising from changes in production systems and organisation. It has also resulted in an altered industrial composition, with a decline in the labour-intensive sector, organisational changes from an increase in subcontraction of production, and different locations. Major corporate strategies under industrial restructuring are discussed in relation to changes in production systems, and product structure, expansion of the internal market, subcontracting and flexible specialisation, job training, and foreign direct investments.

Suggested Citation

  • S O Park, 1994. "Industrial Restructuring in the Seoul Metropolitan Region: Major Triggers and Consequences," Environment and Planning A, , vol. 26(4), pages 527-541, April.
    • Handle: RePEc:sae:envira:v:26:y:1994:i:4:p:527-541
    DOI: 10.1068/a260527
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    Cited by:

    1. Chen, Yi-Min, 2010. "The continuing debate on firm performance: A multilevel approach to the IT sectors of Taiwan and South Korea," Journal of Business Research, Elsevier, vol. 63(5), pages 471-478, May.
    2. Zhining Hu & Jianghuai Zheng & Jialing Wang, 2011. "Impact of Industrial Linkages on Firm Performance in Development Zones," Chinese Economy, Taylor & Francis Journals, vol. 44(2), pages 78-105, March.
    3. Sam Ock Park & Yangmi Koo, 2010. "Evolution of new spatial division of labour and spatial dynamics in Korea," Regional Science Policy & Practice, Wiley Blackwell, vol. 2(1), pages 21-38, June.

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