The hottest South Korea wants to become one of the

2022-09-20
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South Korea wants to become one of the "top four manufacturers in the world"

the Ministry of industry, trade and resources of South Korea and other departments held the announcement ceremony of the "blueprint for the future of the manufacturing Renaissance" in Ansan City, Gyeonggi Province, on the 19th. When attending, South Korean President Moon Jae-in said that "the government's goal is to make South Korea one of the top four manufacturers in the world by 2030". However, the South Korean media and a variety of coating mixtures are somewhat skeptical about the government's gorgeous economic policies

from quantity pursuit to innovation leader

according to the blueprint, the Korean government will vigorously promote the Korean manufacturing industry to get rid of the "quantity and pursuit" industrial model and develop Korea into an "innovation leading manufacturing power". We should increase the value-added ratio of manufacturing industry from the current 25% to 30%, and increase the proportion of new industries and new projects in manufacturing output from the current 16% to the OECD average of 30%. The ultimate goal of the blueprint is to develop South Korea into "one of the four major manufacturing powers in the world", increase the export scale now ranking sixth in the world to the fourth in the world, and put forward four promotion strategies, including reforming the industrial structure, cultivating new industries, reforming the industrial ecosystem, and promoting the entrepreneurial government to carry out some trial operation before each use

South Korea's world 20 said that the most eye-catching plans are future automobile manufacturing, maintaining semiconductor leadership and other contents. South Korea is ready to invest 8.4 trillion South Korea's R & D support funds in key areas by 2030, and hopes to trigger 180 trillion South Korea's related private investment. The Korean government also plans to promote industrial intelligence technology based on artificial intelligence in all manufacturing sectors, and will launch an artificial intelligence development strategy this year. By 2030, Korea will build 2000 AI based factories and data centers to promote the development of intelligent manufacturing facilities such as key software, robots, sensors and equipment

300 international standards should be raised in four years

South Korea's central newspaper reported on the 20th that Moon Jae-in stressed that South Korea has failed to form a new major industry after memory chips, and the top ten major industries have not changed in the past 10 years. At present, South Korea's manufacturing industry is facing a major fork in the road. The Korea Industrial Research Institute said that the unsatisfactory value-added rate of the Korean manufacturing industry was largely caused by the high external dependence of parts, materials and equipment and the deterioration of technological competitiveness. Many South Korean business people believe that the competitiveness gap between South Korea and emerging countries is shrinking, new technologies are difficult to put into use, and it is difficult to tap into the source of future growth, and they are worried about this

when being closely pursued by its rivals, South Korea hopes to seize the international leadership of the next generation of industries. The Ministry of development and resources and the Ministry of science, technology, information and communications of the Republic of Korea (ROK) announced the strategy of grabbing the beach of international standards for the fourth industrial revolution on the 20th. The South Korean government plans to propose 300 international standards within four years, raising the proportion of international standards proposed by South Korea from the current 12% to 20%. In addition, the Korean government also plans to double the number of South Koreans elected to the presidium of the international standardization agency, striving to reach the level of leading countries of international standards such as the United States, Japan and Germany

no slogans, take action

facing the "grand goal" of the Korean government, many Korean media are dubious about it. "What is needed to revitalize South Korea's manufacturing industry is not slogans but concrete actions." an editorial published on the 20th by the Korean economy said that many of the contents of the blueprint are old-fashioned, and few can be directly operated. At present, the measures that can promote the upgrading of Korean enterprises have not been introduced, and labor reform and education reform should bear the brunt

according to the editorial of "Korea" on the 20th, the government has made continuous plans to boost the economy. Previously, it has proposed "four digital economies" and "Eight leading industries", including new energy, big data, artificial intelligence and 5g. However, the introduction of gorgeous policies has not changed the current reality of the continuous deterioration of the manufacturing industry in South Korea. Not only did the operating rate of the manufacturing industry in the first quarter of this year (71.9%) hit the lowest level after the global financial crisis in 2008, but also the trend of the manufacturing industry leaving South Korea became more and more obvious. At present, Korean enterprises are constrained by the rise of the minimum wage and the 52 hour working week. The South Korean government should start with lifting enterprise restrictions, invigorating the labor market and reducing the level of tax burden

there is also a view that South Korea's policies such as raising the corporate tax rate to the maximum limit run counter to the world economic trend, and many economies in the world are actively attracting foreign investment

Li Wanyu, a professor in the Department of business at Korea University, believes that some trade unions are not committed to improving production efficiency, but blindly demand higher wages. Professor Li Wanyu said that the government urgently needs to reduce corporate tax and corporate inheritance tax through financial reform to improve the stability of financing

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