Clik here to view.
A study said exporting companies tend to create more jobs than those engaged mostly in the domestic market. In terms of wage level and productivity, the study contended, exporters are superior to domestic counterparts. The Institute for International Trade of the Korea International Trade Association published on July 6 a report claiming that the worker growth rate for exporting companies was 3.8 times higher than that for domestically oriented firms.
The report, based on panel data from the National Statistical Office on job figures of 6,573 firms, compared job numbers from 2006 to 2012. Based on the definition of an exporting company with the share of exports in total sales revenue over and above 36.2 percent, the report categorized the firms into exporting (14.9%) and domestically oriented (85.1%) companies.
