Abstract
Summary Over the last decade, Korean manufacturing industries have undergone a significant decline in employment. The purpose of this study is to explain the structural change of employment in Korean manufacturing industries and to explore the possibility for job creation in the Korean manufacturing sector. According to the OECD sub‐classification framework of a manufacturing sector, 120 thousand jobs have been created in high‐technology manufacturing industries during the last 10 years, but this has declined in the relatively low‐technology industries. Using the econometric model analysis, it is estimated that the research and development (R&D) efforts for both product innovation and process innovation have increased employment in high‐technology manufacturing industries, but decreased it in low‐technology industries significantly at the 0.01 level. The estimated results imply that the impact of technological innovation on employment depends on the technological condition of each industry related to its technological intensity.
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