The features of the economy of Korea for the last two decades are its rapid growth and the orientation of the industrial activities toward export operation. The number of business organizations which have entered markets overseas through export strate...
The features of the economy of Korea for the last two decades are its rapid growth and the orientation of the industrial activities toward export operation. The number of business organizations which have entered markets overseas through export strategy has been increasing under government's export-oriented economic policy.
Even though the government's policy supported export activities with various favors such as reduction tax on income covered by export and lower-rate-interest loans for export-purpose facility investment, production overhead and materials, exporting business enterprises in Korea have been experiencing many difficulties in entering foreign markers with unusual environmental circumstances.
Synthetic textile industry is one of the important areas of the economy of Korea which have contributed to the attainment of the economic goals of the country. The outgrowth of the industry after three 5-year economic development plans and another three years in the fourth plan is conspicuous with its share if contribution to the total national export accumulation.
What the industry has been doing under what industrial environment characteristic of export trading has been reviewed in this study, so as to lead to find out what the industry should do for organizing the total efforts of all the export-oriented manufactures and exporters to integrate into a cooperative execution of each enterprise's export strategy.