Page 82 - Contributed Paper Session (CPS) - Volume 6

CPS1826 Younyoung Park
The share of imports in the manufacturing sector for 2017 was 65.4%,
wholesale and retail trade was 23.9%, and accommodation and restaurant was
0.1%.

4. Relationship Analysis
1) Relationship modeling
This study is supposed to assume that finding indicators are directly or
indirectly related to the business life cycle of enterprises. Analysis model has
been set up for 2012 and 2015 because those years are suitable to compare
both sides considering data availability, time interval, additional study and so
forth.
2) 2012 Model

In manufacturing sector, exports accounted for 84.6% and imports
accounted for 70.9%. The value added ratio was 31%, and the net capital stock
was the highest at 18.9%. Owing to the stable industrial structure, the ratio of
employment accounted for 16.7% and proportion of establishment employee
account for 22.2% respectively. As a result of the relatively high need for land,
labor, and capital combination, birth rate of two or more personnel enterprises
was 8.1% and the death rate was 4.7%. The birth rate of one person enterprise
was 13.5% and the death rate was 13.3%. In brief, big enterprise was slightly
lower than small one in birth and death rate. It could be explained that barriers
to entry are somewhat higher because big one needs more production factors
such as labor, capital, skill and so forth.
In terms of wholesale and retail trade, exports account for 12.2% and
imports account for 17.6%. The proportion of exports and imports of
accommodation and restaurant businesses was negligible level. Value added
was also low in both industries (9.3%, 2.6%), and net capital stocks (2% and
1%, respectively). the ratio of employment accounted for 14.9% and the

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