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Korea under Siege, 1876-1945Capital Formation and Economic Transformation$
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Young-Iob Chung

Print publication date: 2006

Print ISBN-13: 9780195178302

Published to Oxford Scholarship Online: September 2006

DOI: 10.1093/0195178300.001.0001

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 Sectoral Investment

 Sectoral Investment

(p.118) 5 Sectoral Investment
Korea under Siege, 1876-1945

Young‐Iob Chung (Contributor Webpage)

Oxford University Press

This chapter investigates the magnitude, features, and attributes of investment in various segments of the economy based on (i) ownership (e.g., public or private sectors); (ii) the nature of industries (e.g., industry, agriculture, trade, and service); (iii) the type of industry (e.g., social overhead capital and manufacturing); (iv) the capital-, technology-, and labor-intensities of industry; (v) the scale of investment; and (vi) the goals of investment by various economic entities, e.g., organizations and nationals. The analysis of investments in social overhead capital is further broken down according to transportation, communications, and electric power industries, while manufacturing is examined based on the types of goods produced, namely, light and heavy, and chemical industries. These not only reflected the transformation of Korean economy, but also showed the goals of investment. The volume, investors, and the nature of investment underscored the contributions made by different economic entities, such as the government, and different nationalities, namely, the Japanese, non-Japanese “foreigners”, and Koreans, in forging the country's capital formation, which reveal the underlying forces for the structural changes in the economy over time.

Keywords:   sectoral investment, social overhead capital, private investment, capital intensive industries, technologically intensive industries, labor intensive industries, low tech industries, heavy industries, light industries

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