Friday, July 5, 2013
Slim smartphones, IT exports, and the creative economy
About a month ago, most of the local and international media took note that South Korea's exports had unexpectedly increased in May, on the strength of smartphone sales. Actually, as the accompanying graphic (click for a full size version) from the press release by the
What do the above developments have to do with the "creative economy" proposed by President Park Geun-hye? Simply that hardware manufacturing, even high-end smart phones, involves products that are modular and rather quickly become commoditized. China is moving rapidly into that space in the global market, which puts pressure on South Korea to develop strength in software, services and content, rather than continuing to rely on hardware exports. The pressure is real, especially if we consider the future of manufacturing.
The whole question of how software relates to manufacturing is also worthy of consideration in this age of relatively inexpensive 3-D printers. I showed my KAIST students a video of the gun that had been printed and successfully fired by the student in Texas. However, as research by the Center for Bits and Atoms at MIT shows, we are moving toward the era in which it may be possible to manufacture many things on the spot, starting at the atomic level. Not long ago this would have been thought of as pure Star Trek science fiction.