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Study on economic impacts of performing Korean industrial standards(KS)  

Lee, Kang-Dae (The Graduate School of Environmental Studies, Seoul National University)
Goh, Hyeon-Woo (Dept. of Industrial Management, Seokyeng University)
Lee, Myeong-Hoon (Institute of Korea Packaging Systems)
Publication Information
Journal of Korean Society of Industrial and Systems Engineering / v.28, no.3, 2005 , pp. 1-9 More about this Journal
Abstract
We developed the logical methods to analyze economic impacts of standardization and cleared up effects of performing KS in micro and macro aspects. This study is performed through analysing foreign studies and results from surveys. The advanced methods performing standardization as a form of 'Korean industrial standards' are suggested here, which are based on results of this study. The major consequences of this study are followings. The micro economic impact is that each company gets 604.5 millions won a year through performing KS A and F(discount rate 4.5%) and 1.46 trillions won is the macro economic impact through performing total KS A and F, which comes to 0.245% of GDP.
Keywords
orean industrial standards(KS); standardization; B/C analysis; economic impacts of standardization;
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