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Conflicts in the Franchise Industry: How to Forge a Win-Win Partnership
(Korea Development Institute, 2019-09-19)
Korea’s franchise market is undergoing quantitative growth, with the number of franchisors and brands increasing by an annual average of 9% and that of franchise stores by 5% in 2014-2016 (Figure 1).1) In 2016, franchisors and franchisees together raked ...
Employment Effect of Minimum Wage Increase
(Korea Development Institute, 2018-06-04)
Korea’s minimum wage increased by 16.4% in 2018 to mark 7,530 won per hour. The increase is remarkable after a moderate, approximately 7% per year rise maintained in the past decade. Further, to reach the government’s target of 10,000 won by 2020, the ...
Diminishing Role of Young Manufacturing Plants as Drivers of Growth
(Korea Development Institute, 2018-08-21)
Korea’s manufacturing industry was the impetus behind the nation’s economic growth, and its competitiveness continues to rank high in the global market. The significance of manufacturing in the creation of value added and employment and as a driver of ...