Countries competing in next-generation industries
The one who knows the future is the one who dominates the industry. In the same sense, countries, which are able to plan out the infrastructure for those industries have a headstart.
China, Japan and S-Korea are the powerhouses in Asia which compete head-on for the lead - the question is, tht hopefully, the end-result of those initiatives will be complimentary with each other, otherwise, it is the consumer and the industry in other regions that ultimately suffer.
"All 10 industries that Korea plans to strategically foster as the nation’s next flagship industries overlap with new industry development projects of Japan or China and all three countries are gearing up to preempt six of the 10 industrial sectors.
Considering the enormous growth potential of the 10 next-generation industries, there is plenty of room for Korean corporations to take the lead, but they will have to brace for intense competition given the resemblance of the industrial development blueprint of the three Asian economies.
Korea’s plan to foster the digital television and digital broadcasting sector overlaps with Japan’s plan to promote growth of the information communication device industry and China’s project to stimulate the local digital multimedia broadcasting industry.
Korea and China’s plans to foster the next-generation display industry also closely resemble the Japanese Ministry of Economy, Trade and Industry’s information communication device development project.
Korea’s future automotive vehicle project aimed at developing hybrid and electric-powered cars overlap with China’s electricity vehicle project.
Other industries in which the three countries are aggressively include intelligent robotss, next-generation semiconductors, next-generation mobile communications system and equipment, intelligent home network systems and appliances, digital contents, next-generation batteries and biotechnology.
Given the close resemblance of the three countries’ national projects to promote the growth of strategic industries, Korean business organizations, including the Federation of Korean Industries and the Korea Chamber of Commerce and Industry, will suggest an increase in the national research and development (R&D) budget this year.
The Korean government spent $4.6 billion in R&D last year, but Korea’s national R&D budget is low compared to Japan’s $31.3 billion and China’s $9.8 billion. Korea also has less R&D manpower of 2.9 per 1,000 people compared to Japan’s seven per 1,000."
(By Asia Business Consulting)
China, Japan and S-Korea are the powerhouses in Asia which compete head-on for the lead - the question is, tht hopefully, the end-result of those initiatives will be complimentary with each other, otherwise, it is the consumer and the industry in other regions that ultimately suffer.
"All 10 industries that Korea plans to strategically foster as the nation’s next flagship industries overlap with new industry development projects of Japan or China and all three countries are gearing up to preempt six of the 10 industrial sectors.
Considering the enormous growth potential of the 10 next-generation industries, there is plenty of room for Korean corporations to take the lead, but they will have to brace for intense competition given the resemblance of the industrial development blueprint of the three Asian economies.
Korea’s plan to foster the digital television and digital broadcasting sector overlaps with Japan’s plan to promote growth of the information communication device industry and China’s project to stimulate the local digital multimedia broadcasting industry.
Korea and China’s plans to foster the next-generation display industry also closely resemble the Japanese Ministry of Economy, Trade and Industry’s information communication device development project.
Korea’s future automotive vehicle project aimed at developing hybrid and electric-powered cars overlap with China’s electricity vehicle project.
Other industries in which the three countries are aggressively include intelligent robotss, next-generation semiconductors, next-generation mobile communications system and equipment, intelligent home network systems and appliances, digital contents, next-generation batteries and biotechnology.
Given the close resemblance of the three countries’ national projects to promote the growth of strategic industries, Korean business organizations, including the Federation of Korean Industries and the Korea Chamber of Commerce and Industry, will suggest an increase in the national research and development (R&D) budget this year.
The Korean government spent $4.6 billion in R&D last year, but Korea’s national R&D budget is low compared to Japan’s $31.3 billion and China’s $9.8 billion. Korea also has less R&D manpower of 2.9 per 1,000 people compared to Japan’s seven per 1,000."
(By Asia Business Consulting)
posted by Andreas @ 1:12 pm
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