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Çѱ¹°Ç¼³°ü¸®ÇÐȸ / v.2, no.2, 2001³â, pp.37-46
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( Prospects on Changing Business Structure in the Korean Construction Industry )
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Business boundaries of firms in the construction industry are strictly regulated in Korea. Under the current law, firms involved in construction processes are classified into five categories; general contractors, specialty contractors, architects' offices, engineering firms, and specialized in inspection. Among these types of firms, general contractors are prohibited to enter into specialty contractor's market and vice versa by the basic law in the construction industry. Also general contractors are not allowed to provide architectural services. The purpose of the law is to prohibit unlicensed companies from entering the construction market and to protect customers. However, the law causes critical problems e.g. low efficiency of production and rent creation. Therefore, we identify problems concerning business boundaries of firms in the construction industry and predict structural changes in the them when they are liberalized. So we surveyed general contractors and specialty contractors in Korea to estimate the effects of the liberalization on the construction industry. Most of contractors point to the enhancement of production efficiency as the motivation to integrate other construction process. If current regulations, which limit firms' decisions on business boundaries, are eliminated, firms will choose optimal business scopes taking into account types of contracts adopted by the Government for public works. Based on the cost/benifit analyses, they will decide whether to intergrate other production processes or not.
 
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Çѱ¹°Ç¼³°ü¸®ÇÐȸ³í¹®Áý / v.2, no.2, 2001³â, pp.37-46
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ISSN : 2005-6095
UCI : G100:I100-KOI(KISTI1.1003/JNL.JAKO200120828330119)
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