In May 2022, the new Yoon Suk-yeol government has presented a new goal for national defense dubbed the ‘AI Science and Technology Strong Force’, and announced that it will reform the overall defense R&D system so that civilian technology can be applied (spin-on) to defense in a timely...

The Korean textile and clothing industry has fallen into a positioning trap without any obvious strengths over the checks of advanced countries such as Japan, the United States and Germany and catch-up developing countries such as China and India. The domestic production base has shrunk as...

Global communities are paying growing attention to climate change. Greenhouse gases that cause climate change are a representative environmental bad in economics. As with goods, the efficient allocation of a bad is achieved through optimization behavior of market agents. Microeconomic theory...

On July 14, 2021, the European Union announced EU Fit for 55, a climate target package comprising 13 policies representing legislation and new initiatives. Among the proposals were those related to the transition toward a more competitive industrial structure, including a stronger and expanded...

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...

The Korean apparel industry is a high value-added industry that creates value by fusing fashion design, highly-sensitive and functional materials and brand value.In addition, the apparel industry, which consists of planning and design - patterns, samples, sewing and marketing - is a job-creating...

An online export market is growing rapidly around the world. Global consulting agencies estimate that the cross-border e-commerce market reached 578.5 billion USD in 2019 and will continue to record breakneck growth, potentially reaching 4.8 trillion USD by 2026. Driving this rapid growth is the...

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...

From the 1990s to the late 2000s, the production of goods was divided among several countries on the basis of efficiency, and trade based on the global value chain developed around the world. As manufacturing process were split between links on the global value chain, trade in intermediate goods...

The purpose of this study is to determine the business conditions of Korean companies in China. For this, a business survey was conducted from October to November 2020 by the Korean Institute for Industrial Economics and Trade (KIET) and the Korean Chamber of Commerce in China. The scale of...