Development history of general machinery industry

History of General Machinery Industry

일반기계산업의 발전역사

Year		Main Content
'70s		Establishment of institutional framework for machinery industry growth Legislation of machinery promotion law (63.2~86.3) Fundamental development for machinery domestic production.
'80s		Groundwork for independent industry, improving domestic production legislation of manufacturing industry promotion law (86.1), and total production 120 billion Won to 950 billion Won. General machinery Import dependence (`70) 83.5 ~ (`90) 44.3%
'90s		Export industrialization, preparing for turnaround to overcome IMF jeopardy. Due to bankruptcy from 97 to 98, number of cooperation and employees related was reduced to the least ※ Number of Trades (276,000 in 1996 – 210,000 in 1998/ decreased by 16,000) ※ Relative proportion of Export(Export/Import %): 13.7% in 1990/ 18.0% in 1995/ 30.9% in 1999
'00s	'00s~'08s	Korea is placed in top 10 countries for exportation of general machinery In 2007, it was recorded as first year of export surplus In 2008, export reached over 30 billion dollars. International general machinery export ranking: 19th in 1990/ 15th in 2000/ 10th in 2006/ 9th in 2008
'09s		A trade deficit and an export decrease were occurred since 2009

Transition in Major Items of General Machinery Industry

일반기계산업의 발전 지표 게시판

	unit	person	1 billion won		1 million dollar
	number of companies	number of trades	amount of production	domestic demand	export	import	income and expenditure
1970	1,032	26,309	21	114	8	306	-297
1980	1,730	81,108	901	1,953	325	2,056	-1,731
1990	6,560	199,004	10,385	16,110	2,003	10,090	-8,087
2000	6,238	209,127	32,849		8,430	12,287	-3,857
2001	6,285	203,964	32,886		8,385	9,668	-1,283
2002	6,718	214,698	36,932		9,256	10,951	-1,695
2003	7,125	222,525	42,049		11,767	13,213	-1,446
2004	7,464	231,714	51,661		16,839	16,202	637
2005	8,019	245,386	56,162		22,164	17,804	4,360
2006	8,293	252,157	61,435		23,865	20,265	3,600
2007	8,513	260,875	67,899		30,764	23,906	6,858
2008	8,018	261,519	79,024		37,298	25,984	11,314
2009	7,852	253,546	72,709		26,850	24,095	2,755
2010	8,598	282,127	92,282		36,103	28,591	7,512
2011	8,719	295,216	101,906		45,817	31,667	14,150
2012	8,952	304,451	102,103		47,914	31,951	15,963
2013	9,181	313,603	99,552		46,415	34,715	11,700
2014	9,521	319,008	102,378		48,345	33,699	14,646
'14/'70(ratio)	9	12	4,875		6,043	110	-

• Source : KNSO, [Report on Mining and Manufacturing Survey], KITA, [Trade tatistics]
• annotation : 1) E stands for estimated figure
• 2) Number of companies, number of workers and the volume of manufacture are based on workplaces having more than five employees
• 3) A standard of Transition in Major Items of General Machinery Industry after 2000 : Number of companies, number of workers and the volume of manufacture are based on workplace having more than then employees