Against the backdrop of the success story of the Korean shipbuilding industry, numerous legends and hero stories have been created. On the one hand, they advocate the developmental dictatorship while highlighting the positive role of Park Chung-Hee and the government. Others have emphasized the role of Chaebol owners or entrepreneurs from a market-oriented perspective. Strangely, the two views are often combined at the same time. This paper went beyond the discussion of success factors to examine how the relationship between the government and the market has changed and what difficulties and problems the shipyard workers had to face in the process. In particular, the paper has dealt with government’s policy for the shipbuilding industry during the recessions. This article provides an overview of the Korean government's policy for the shipbuilding industry and the business strategy of the Hyundai Heavy Industries (hereafter, HHI), South Korea's leading shipyard. Especially, the historical process of structuration of the state-market relations, or the government-industry relations would be focused on. Labor disputes related with restructuring will be also briefly mentioned. The first part will investigate the historical transformations from the shipbuilding promotion policy of the developmental state into the neo-liberal policy for restructuring to deal with the shipbuilding depression. The effects and implications of such transformation on labor relations will also be noted briefly. The second part will deal with so called the success of the HHI, and its recent restructuring.
South Korean Government's policy on the shipbuilding industry: from developmental state towards neo-liberal state (1953-2018)
2019
Article (Journal)
Electronic Resource
Unknown
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