Arab Today, arab today south korea lags behind us japan in manufacturing
Last Updated : GMT 00:20:45
Arab Today, arab today
Arab Today, arab today

South Korea lags behind US, Japan in manufacturing

Arab Today, arab today

Arab Today, arab today South Korea lags behind US, Japan in manufacturing

Seoul - Yonhap

The stagnating growth of South Korea\'s manufacturing industry is feared to have a negative impact on its national competitiveness, a report said Sunday. According to the report by Hyundai Research Institute (HRI), the local manufacturing sector accounted for 2.8 percent of the world\'s manufacturing industry\'s total value added last year, slightly down from 2.9 percent in 2005. South Korea ranked fifth this year in the global manufacturing competitiveness index compiled by consulting company Deloitte and the U.S. Council on Competitiveness, down from third place in 2010, the think tank said. \"The overall competitive edge of the South Korean manufacturing sector has been improving, but South Korea has poorer factors than the United States and Japan,\" the HRI said. According to the think tank, South Korea\'s annual growth rate of investment in manufacturing tumbled to 5.4 percent in 2011 from 32.5 percent a year earlier. Over the cited period, the increase rate for the U.S. soared to 14.1 percent from 1.1 percent with the figure for Japan jumping to 13.3 percent from 0.6 percent. South Korea\'s unit labor cost is also higher than comparable figures for the U.S. and Japan, negatively affecting the price competitiveness of local manufacturers, the think tank said. The unit labor costs measure the average cost of labor per unit of output and are calculated as the ratio of total labor costs to real output. South Korea also falls far behind the United States and Japan in the manufacturing sector\'s per-capita value added and science infrastructure, the think tank said. Noting that manufacturing is an important element of national competitiveness, the HRI called on the government to induce manufacturing companies to invest more by lifting regulations and adopting business-friendly tax policies, and to promote entrepreneurship.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korea lags behind us japan in manufacturing Arab Today, arab today south korea lags behind us japan in manufacturing

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday