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A Study on the Problems and Improvement Plan of Korean defense market

  • Industry Promotion Research
  • Abbr : IPR
  • 2020, 5(4), pp.15-28
  • DOI : 10.21186/IPR.2020.5.4.015
  • Publisher : Industrial Promotion Institute
  • Research Area : Interdisciplinary Studies > Interdisciplinary Research
  • Received : August 10, 2020
  • Accepted : September 3, 2020
  • Published : October 31, 2020

Se Hoon Lee 1 LEE SEUNGHOON 2 Jung Yongseok 3

1광운대학교
2연세대학교
3한양대학교

Candidate

ABSTRACT

In this study, the methodology for measuring the structure of the Korean defense market and the competition status, and the characteristics of the Korean defense industry and the market are examined. To analyze the structure of the Korean defense market and the competition status, the market share, concentration ratio, and the Herfindal-Hirschman index are employed based on the annual sales of major Korean defense companies. On a basis of the result of the analysis, the suggestions for the Korean defense market to escape from the monopolistic market to be a competitive geographical market are presented. To present the suggestions, markets that have a similarity with the dense market are analyzed. The government’s support policy, the selection of the companies led by the government, and the cost of the military are suggested for the defense market on a basis of analyzing similar markets. With the suggestions, when the government pursues the policies, the defense market sticking to principles and fairness is created and the efficiency of the companies operation is achieved, by enhancing the structure of the market fundamentally and the development of the policies in the industry’s perspective.

Citation status

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