SEOUL, KOREA - A study said the number of jobs created by exporting industries for the past two decades has been rapidly on the rise even though the job creation effect of manufacturing industries has weakened due to automation and increasing capital intensity.

According to a report published by the Institute for International Trade within the Korea International Trade Association on September 10, the annual number of jobs created by exporting industries was 6.0 million in 2012 from 3.6 million in 1990.

 

During the same period, the share of employees created by exporting industries has risen to 25.9 percent from 22.5 percent. Meanwhile, the number of jobs created by every 1 billion won export has declined to 7.7 persons in 2012 from 58.6 persons in 1990. 

 

The report also said that the government must lend support to small and medium-sized enterprises hitherto relying on domestic demand so that they could become exporters and create more jobs. It also suggested that companies in the industrial sectors in which export ratio is low, such as consumer goods and services, must work hard to increase the share of exports in their sales revenue.