The Relationship between Korean Construction Industry and GDP in Economic Development Process

Choi, Dal-Sik; Lê, Hoài Bắc; Lee, Young-Dai

doi:10.6106/kjcem.2013.14.6.070

Cited by 7 publications

(3 citation statements)

References 11 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Currently, South Korea is still a young democracy and issues of public safety concerns are still prevalent within the South Korean construction industry. Most analysis on the South Korean construction industry is concerned with its competitiveness or economic effects on South Korea (You & Zi, 2007;Choi et al, 2013;Benghida, 2017). Safety standards of buildings and construction sites have been improved throughout the past few decades, but not enough analysis has been done to identify current bad actors and devise proactive solutions instead of reacting to major disasters after many lives have been taken.…”

Section: Public Safety Of Structures and South Korea Todaymentioning

confidence: 99%

30 Years after the Sampoong Department Store Collapse: Development of South Korean Building Sector

Heo¹,

Gil²,

Collova³

2022

J Stud Res

View full text Add to dashboard Cite

Since 1953, South Korea has experienced an astonishingly rapid and advanced development to the economic powerhouse that it is today. The export-oriented economy flourished in the 80s and the 90s, with construction and building projects developed throughout the country, improving the lives of many people. However, with rapid industrialization came a cavalier attitude towards safety in the booming building sector under the oversight of ineffectual government regulation, finally leading to the infamous Sampoong Department Store Collapse in 1995. While the historical conditions that led to the disaster, such as the rapidly changing socioeconomic conditions and the disaster-based policy change model, are well-studied. However, there is a paucity of research examining the safety of the South Korean industry since. Our paper contends that any efforts made to reform the South Korean construction and development have long been ineffective since Sampoong, leading to still currently unsafe conditions. Ineffective government policy changes and the volatile construction industry have put public safety second and prioritized profits over people.

show abstract

Section: Public Safety Of Structures and South Korea Todaymentioning

confidence: 99%

30 Years after the Sampoong Department Store Collapse: Development of South Korean Building Sector

Heo¹,

Gil²,

Collova³

2022

J Stud Res

View full text Add to dashboard Cite

show abstract

“…An inverted U-shaped relationship was found between them. Choi et al [10] implemented the horizontal and vertical analysis on the time series data of the construction industry and national economy in Korea, thereby demonstrating the existence of the inverted U-shaped curve. Based on input-output analysis, Ick [11] pointed out that the construction industry of Korea promoted the national economic growth by forming infrastructure, housing, and other fixed assets.…”

Section: State Of the Artmentioning

confidence: 99%

Study on Evolution of China’s Construction Industry Based on Input-Output Analysis and Complex Network

2019

Teh. vjesn.

View full text Add to dashboard Cite

Exploring the evolution of China's construction industry is conducive to the formulation of industrial policies. The construction industry is associated with many industries. Hence, the policies formed according to internal evolution of the construction industry are easy to direct the industry toward an unfavourable direction. This study aims to analyze the evolution of construction industry based on the relationships between the construction industry and other industries. The pull coefficients and push coefficients of China's construction industry during 2001-2015 were calculated based on the input-output table. Complex network topologies of industries were constructed, and network topologies were used to analyze the network centrality and the cohesive subgroups. The evolutionary trend of China's construction industry in interactions with other industries was explored. Results show that the pull and push effects of China's construction industry experience a sharp reduction. The construction industry has the inclination to be transformed from a pillar industry to an industry driven by other industries. The control of the construction industry in the network is weakened. In conclusion, using input-out analysis and complex network to study the evolution of China's construction industry can consider interaction of different industries, and provide certain theoretical references to formulate reasonable policies.

show abstract

“…The construction industry plays a significant role in economic growth [1]. Korea has also developed its economy along with the growth of the construction industry [2]. However, as presented in Figure 1, based on the 2020 Construction Policy Review by the Construction Policy Institute of Korea, the Korean construction industry has not contributed to economic growth since 2017.…”

Section: Introductionmentioning

confidence: 99%

A Practical Staff Scheduling Strategy Considering Various Types of Employment in the Construction Industry

Park

2022

Algorithms

View full text Add to dashboard Cite

The Korean government implemented a 52-h workweek policy for employees’ welfare. Consequently, companies face workforce availability reduction with the same number of employees. That is, labor-dependent companies suffer from workforce shortage. To handle the workforce shortage, they increase irregular employees who are paid relatively less. However, the problem of ‘no-show’, due to the stochastic characteristics of irregular employee’s absence, happens. Therefore, this study aims to propose a staff scheduling strategy considering irregular employee absence and a new labor policy by using linear programming. By deriving a deterministic staff schedule through system parameters derived from the features and rules of an actual company in the numerical experiment, the practicality and applicability of the developed mathematical model are proven. Furthermore, through sensitivity analysis and simulation considering the stochastic characteristics of absences, various proactive cases are provided. Through the proactive cases, the influence of the change of the average percent of irregular employees’ absences on the total labor costs and staff schedules and the expected number who would not come to work could be given when assuming the application in practice. This finding can help decision-makers prepare precautious measures, such as assigning extra employees in case of an irregular employee’s absence.

show abstract

The Relationship between Korean Construction Industry and GDP in Economic Development Process

Cited by 7 publications

References 11 publications

30 Years after the Sampoong Department Store Collapse: Development of South Korean Building Sector

30 Years after the Sampoong Department Store Collapse: Development of South Korean Building Sector

Study on Evolution of China’s Construction Industry Based on Input-Output Analysis and Complex Network

A Practical Staff Scheduling Strategy Considering Various Types of Employment in the Construction Industry

Contact Info

Product

Resources

About