Developed countries’ interest in the revival of manufacturing has increased greatly, and such attitudes have become even more widely adopted since the global financial crisis in 2008. The German economy, which has strengthened its manufacturing competitiveness through longterm investment and...

Since most official estimates of major macroeconomic variables that market participants and policy makers keenly monitor in real time come out with significant publication lags, nowcasting literature especially targeted on key macro variables has trended over the recent years. Nowcasting refers...

The industrial structure is constantly evolving due to supply-side factors such as technological advancement, the labor force, capital accumulation, and international competition as well as demand-side factors such as changes in consumer needs due to increased income levels, and industrial...

R&D is a core element for the transition to an innovative economic system in Korea. This is because R&D can lead technology innovation by applying creative ideas to products and processes and adopting new science technologies.Recognizing the importance of the R&D role, the Korean government not...

The pharmaceutical industry has become one of the most powerful and potential industry for the economic growth in the world. Accordingly, many countries have increased research and development (R&D) investment with the goal of producing new drugs. As R&D in the pharmaceutical industry became...

SMEs are key growth engines for the Korean economy, as they account for the majority of firms and employment and can generate earnings in the global market. The Korean government has concentrated its attention on the development of policy measures aimed at the global market, which have prompted...

This study focuses on the demand sector of smart factories, especially policies related to the introduction of smart factories by small and medium sized manufacturers. As will be explained later, discussions focusing on SMEs are important because the gap in capacity and resources between large...

Over recent decades, the Korean economy has experienced three economic crises: the IMF crisis, the Global Financial Crisis and the COVID-19 pandemic. Even though those economic crises had different causes, they have had (and continue to have) drastic repercussions in the Korean economy. In the...

Despite the increased interest in corporate environmental, social, and governance (ESG) management, which reflects social values within the business environment, discussions on ESG-related policies are limited in that they are overly focused on ESG reporting standardization.K-ESG should be...

The Consumer Electronics Show in 2021 featured innovative products for the “changed-everyday” that is expected to characterize the post-COVID-19 world. Such products demonstrate that the so-called “digital transformation” is already well underway.AI is now a mandatory foundational...