Research ArticleOpen accessEvery word in the titleSERVITIZATION OF SOUTH KOREA ECONOMY: CAUSES FOR SLUGGISHNESS AND POLICY ISSUESBongho Kim, Seok YoonSince the 1960 s, the South Korea economy has achieved a rapid economic growth, whereas from the mid 1990's and beyond, servitization showing the growth of the service section over the nominal GDP has rapidly developed. On the other hand, the service industry productivity declined, even lower than the OECD average. These results continue recently through the deterioration of income … …American Journal of Applied Sciences, Vol. 11, Issue 9 · 30 Sep 2014 · 6,942 accessesView PDFCite