Friday, July 1, 2016
Korea's rising competition from China
What is most interesting about the table to me is the status of the last three industry sectors listed, namely telecommunications, display and semiconductors. Given their role as key components of today's rapidly advancing digital networks, they have long since become the central engine of Korea's export-led economy. Virtually all the other industries, starting with automobiles, shipbuilding and steel, are subject to the forces of digital convergence and are striving to increase their efficiency and competitiveness accordingly.