This study examines the spatial aspects of industrial restructuring in Korea during the period of 1983 to 1993. Changes in industrial location, regional productivity, and spatial inequalities in location and productivity are analyzed using both descriptive and statistical methods. Analysis of changes in industrial location reveals a new trend of decentralization toward formerly less developed regions. Regional productivity shows a strong association with regional hierarchies. A trade-off relationship between industrialization and regional productivity indicates the importance of improvement of productive efficiencies in new industrializing areas. Analysis of spatial inequality supports the convergence hypotheses, both in terms of location and productivity. Thus, industrial restructuring provides an opportunity for more balanced territorial development in Korea.
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