Business Climate and Industrialization of the Korean Fiber Industry

Abstract

In order to understand the present situation of the textile industry in Korea,we need to know about the close relationships among GNP, outputs of the

manufacturing industry, those of the textile industry and. its export amount,

and so on. In addition, we also need to know about the trend in each variable

and the propbrtion of one to another. I will only show several data which

are essential to this subject.

The proportion of the product-output ofthe manufacturing industry to GNP

is shown in Table 1. And its trend since 1953 is traced in Figure 1. As we can see from the relationship between the outputs of the man?facturing

industry and GNP in Table 1 and Figure 1, the outputs of the manufacturing

industry as a percent of GNP have continuously grown.

The proportion of the outputs of the textile indUBtry to the total outputs of

the manufacturing industry is shown in Table 2. And its trend since 1953 is also traced in Figure 2.