indicates that, in developed
and developing nations alike, the service industry assumes an increasingly
important role in the economy as the country industrializes. Korea is no exception to this trend. The service industry in Korea contributed 41 per cent to
the GDP in 1975, compared with 46 per cent in 1991. During the same period,
the labour force in the service industry increased from 34 per cent to 48 per cent
of the total labor force. Consumption of services has also increased from 29 per
cent in 1975 to 35 per cent in 1985.