earticle

영어

The purpose of this study is to analyze economic outcomes of Korean Apprenticeship System from the perspective of society including government, companies, and apprentices, and to suggest economically efficient policy direction. As a result of cost-benefit analysis of Korean Apprenticeship System, net present value(NPV) and benefit/cost ratio(B/C), which are calculated as a present value of 5 year's(2016~2020) cost and benefit with a discount rate of 5.5%, is 110 million KRW(per apprentice) and 1.823 respectively. It is proved that Korean Apprenticeship System's cost is bigger than benefit in the first year, but benefit exceeds cost in the long term(five years). So, it is clarified that Korean Apprenticeship System is an economically feasible project.