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Book Cover
E-book
Author Yi, Jong-Hyun, author.

Title History of Korean modern retailing : repressed consumption and retail industry, perceived equality and economic growth / by Jong-Hyun Yi
Published Boston : Brill, 2015

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Description 1 online resource
Contents Acknowledgements -- Laws and regulations of the retail industry -- Note on romanisation -- Theories and framework -- Introduction -- Literature review -- Theoretical framework -- Hypotheses -- Data and methodology -- Backward, unstratified retail industry and rapid economic growth in the 1970s -- Overview of rapid economic growth in the 1970s -- Backwardness of the retail industry in the 1970s -- Consumption repression, frugal consumers and passive retail industry in rapid economic growth in the 1970s -- Collective behaviour of frugal consumers in the 1970s -- The limitation of department stores -- Modernising, stratifying retail industry and rapid economic growth since the 1980s: the golden age of the department store industry I -- The state of inequality since the 1980s -- Stratifying retail industry in expansion of the retail industry : modern department store vs. traditional market -- Consumption liberalisation, aggressive consumers and active retail industry in rapid economic growth since the 1980s -- The change of the political environment -- The beginning and the expansion of consumer finance -- Emergence of mass consumption -- The change of strategy by the department store industry -- The stratified retail industry and the sign of relatively low economic growth since the middle of the 1990s : the golden age of the department store industry II -- The financial crisis and lower economic growth since the mid-1990s -- The aggravation of inequality and the shrinking of consumption -- Return of the department stores to luxury goods with the stratification of the retail industry -- Distinctive evolution of Korean retailing : theoretical consideration and contemporary developments -- The short heyday of the department store -- The limitation of the conflict theory in the korean retail industry -- The different trajectory of retail evolution : the Korean-style discount store format -- Conclusion -- Epilogue: Korean retailing since the 2000s -- Bibliography -- Index
Summary In History of Korean Modern Retailing Jong-Hyun Yi shows how the Korean retail industry has developed since the 1970s, focusing on the relationship among government, consumers and retail companies, especially the department store. While generally it is said that underdevelopment of the Korean retail industry in the 1970s was attributed to economic immaturity, he argues it was artificially formed by strong consumption repression by the government. He also examines how consumption repression contributed to economic growth. Such initial condition in developmental period is a crucial factor to explain other distinctions like explosive growth and remarkably short heyday of the department store afterward. With this, Jong-Hyun Yi traces the correlation between economic growth and stratification of the consumption since the 1970s. He proves that equality or inequality of consumption is a more influential factor for economic growth than that of income
Bibliography Includes bibliographical references and index
Notes Print version record
Subject Retail trade -- Korea (South) -- History
Department stores -- Korea (South) -- History
Economic development -- Korea (South) -- History
Social stratification -- Korea (South) -- History
BUSINESS & ECONOMICS -- Commerce.
BUSINESS & ECONOMICS -- Marketing -- General.
BUSINESS & ECONOMICS -- Sales & Selling -- General.
Department stores
Economic development
Retail trade
Social stratification
Korea (South)
Genre/Form History
Form Electronic book
ISBN 9789004274228
9004274227