The sporting goods manufacturing industry in Korea sprouted during the mid 1960s to the late 1960s. It couldn't escape the premodern production type of small home industry even in the early 1980s. Though the sporting goods industry was in poor condition, leisure sports such as mountain climbing, fishing, tennis and jogging have been popularized since the late 1970s and the producers in the industry started to change into specialized small enterprises. In the mid 1980s, the sporting goods industry began to develop rapidly. According to the business management analysis of Korean Bank, the assets, total sales, net incomes, growth rate of total assets and sales growth of sporting goods manufacturing industry had increased consistently from 1978 to 2001. Conclusively, this industry has developed rapidly since the mid 1970s and its business development rate of external assets and sales has grown by leaps and bounds. Still, this industry remains a lower value added business because of the low quality of its products. According to an analysis of the assets, total sales, net incomes, growth rate of total assets and sales growth of sports and recreation related industries, these industries had perfect opportunities to develop since the Seoul Olympics in 1988. Between the early and late 1990s, these industries maintained a deficit operation in the financial aspect. However, this implies that the businesses in those industries chose to invest more for the large development rather than earn more profits. As a result of this, the investment caused a net income of ＼114.8 billions, ＼428.3 billions, ＼436.1 billions in 2001, 2002 and 2003 respectively. In 2003, the assets and sales of sports and recreation industries occupied 64.87% and 42.07% of those of the entire recreation related industry.
한국학술지인용색인(NRF)
