A study on the competitiveness strengthening plan of industry: A case from Korean ICT parts industry

Abstract

In Korea the ICT parts industry has firmly established its position as a major contributor to the national economy based on increased exports and an improved trade balance. However, the Korean ICT materials and parts industry has stagnated in recent years due to heavy dependence on just a few products such as semiconductors and displays, intensifying global competition, a growing dependence on international trade, the nation's small business-centered industrial structure, etc. As such, this paper intends to study the government's policy of fostering the Korean ICT parts industry, as well as the industry's current situation, external competitiveness, and current problems, in order to propose industrial promotion measures to help Korean ICT parts industry attain global competiveness.