Research Monograph A New Direction in Korea’s Service Industries A New Direction in Korea’s Service Industries December 31, 2019

Series No. 2019-07
December 31, 2019
- Summary
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Despite the remarkable achievement of entering an era that boasts 30,000 dollars per capita, the Korean economy faces growing concerns over whether the quality of life is one of an advanced country, and whether the current growth strategy is still viable as we move forward. Indeed, the rapidly changing global environment has exposed Korea’s vulnerabilities, and the stagnation in major exporting industries, which have long driven growth, has stalled job creation. Further still, the number of jobs is expected to increasingly diminish in the long-term due to slowing growth, low birth rates, population aging, and technological progress.
One solution to secure sustainable and inclusive growth is to bolster the service industry; a vital component of the national economy which accounts for more than half of the national GDP and about 70% of total employment. However, current productivity is so low that little contribution has been made to economic growth and the creation of quality jobs. This underscores the significance of the service industry and the role it plays in improving quality of life and building a better future.
This study aims to present measures to drive growth and job creation, and to enhance the public service sector which is expected to be in growing demand. To that end, the problem areas and current status of five service industries―child care, lifelong learning, elderly care services, healthcare and tourism―are identified, and overseas cases are analyzed in-depth to draw the policy implications and introduce a direction for practical short- and long-term measures.
- Contents
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Preface
Executive Summary
Chapter 1 Introduction
Section 1 Current Status and Perception of the Service Industry
Section 2 Barriers to Service Industry Development
Section 3 Service Industry: Quality of Life and Job Creation
References
Chapter 2 Job Creation Through Improvements in Early Childhood Care and Education
Section 1 Introduction
Section 2 Overview of Early Childhood Care and Education Institutions by Country
Section 3 Quality Regulations on Early Childhood Care and Education Institutions
Section 4 Parental Participation in Early Childhood Care and Education Institutions
Section 5 Childcare Practices and Financial Support for Early Childhood Care and Education Institutions
Section 6 Conclusion
References
Chapter 3 Lifelong Learning Participation and Fiscal Policy Implications
Section 1 Introduction
Section 2 Current Status and Challenges of Lifelong Learning Participation
Section 3 Policy Directions and International Case Studies
References
Appendix
Chapter 4 Enhancing Elderly Care Services for an Aging Society
Section 1 Introduction
Section 2 Demand and Supply Forecasts for Elderly Care Services
Section 3 Improving Job Quality in Elderly Care Services
Section 4 Conclusion and Policy Implications
References
Chapter 5 Promoting the Health Management Service Industry
Section 1 Introduction
Section 2 Current Status of the Health Management Service Industry
Section 3 Economic Impact of Health Management: Case Study on Obesity Management
Section 4 Health Management Service Promotion and Regulations
Section 5 Policy Measures for Health Management Services Based on Advanced Country Case Studies
Section 6 Conclusion
References
Chapter 6 Strategies for Revitalizing the Tourism Industry
Section 1 The Role of the Tourism Industry in the Korean Economy
Section 2 Current Status and Promotion Strategies of Korea’s Tourism Industry
Section 3 Case Study on Japan and Comparison with Korea
Section 4 Improving Policy Governance for Effective Performance
References
Appendix
Chapter 7 Conclusion
ABSTRACT
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