The purpose of the study was to analyze the corporates\' investment on employees\' education and
training in terms of the characteristics of the corporates and human resource system. We adopted the
data of Human Capital Corporate Panel (HCCP) operated by Korean Research Institute of Vocational
Education and Training. In the data, we selected 459 subjects and analyzed their investment types by
business field, size, form type, HR system, and HR personnel system. In the result, some variables such
as the business fields, size, environmental change, change management, the relation between the HR
system and business strategies of the corporates, the status of HR team, and their competencies. In
addition, the investments have been affected by the corporates\' type, field, and the established year. We
suggested that the investments should be increased by linking the unemployment insurance system and
the corporates\' education and training system.