| Summary/Abstract |
This paper examines the services global value chain activities in Korea using the TiVA (Trade in Value-Added) database and firm-level data. The results indicate that Korea's services sector has been expanding gradually, with its value-added share increasing from nearly 50 per cent during the 1990s to 60 per cent in the 2010s. Another major finding is the noticeable rise in the employment share of the services sector over the last few years. Furthermore, firm-level analysis shows that Korean firms with service affiliates in foreign countries perform much better in terms of productivity and employment as compared to those without such affiliates.
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