Korea’s manufacturing sector, the third most competitive in the world, has helped it weather the COVID-19 pandemic.While the global economy shrank 3.3 percent in 2020, its worst slowdown since the 2008 global financial crisis, the Korean economy contracted by just one percent thanks to its...

The management conditions at face-to-face service businesses in Korea has deteriorated amid the protracted COVID-19 pandemic, and accordingly, the survivability of self-employed businesses, which account for a large proportion of the face-to-face service sector, has been negatively affected....

This paper takes the spectrum approach to identify possible industrial and enterprise insolvency and goes on to conduct a composite analysis of both the potential industry insolvency spectrum and enterprise insolvency spectrum. Recently, the proportion of industries and enterprises showing signs...

This study takes a comprehensive look at the overall flexibility of regulatory governance in Korea, including the design, implementation, and monitoring of the many issues surrounding regulatory reform that stand in the way of innovation growth. Based on the findings of the analysis, the paper...

Korea’s Green New Deal and plans for developing offshore wind power have brought greater attention to offshore wind power. To overcome Korea’s limitations in terms of land area and natural resources, the country’s position as a peninsula must be fully utilized. Toward this end, it is...

3D printing is a new manufacturing method used to make customized products that is also instrumental in driving manufacturing innovation. The global market for this technology has expanded rapidly thanks to a sharp increase in industrial applications. However growth of the Korean 3D printing...

As of May 2021, Korea’s exports recorded a 23.4 percent year over year increase.This upturn is considered to be the result of the recovery and rebound from the COVID-19-induced recession. Factors that have contributed to this upturn include the activity in the so-called “untact”...

The Korean government is considering providing a fourth round of disaster relief funding to support small businesses hard-hit by the prolonged social distancing measures implemented to contain the spread of COVID-19. However, determining which businesses should benefit from this support is quite...

The machinery industry is a very difficult sector to develop in the short term. It is also not easy to drastically shorten the developmental period. Therefore, it is necessary for developing countries to thoroughly review Korea’s policy trends when designing machinery industry policies. This...

On March 2, the National Security Commission on Artificial Intelligence (NSCAI) released its final report: a glimpse of the U.S. view of advanced industries such as artificial intelligence (AI) and semiconductors, as well as the direction of its related strategies. The commission urged a...