Making transitions effective: The Korean approach to industry 4.0
Industry 4.0 is the new technological regime of the Fourth Industrial Revolution. Transitioning to Industry 4.0 is essential to maintain the international competitiveness of the Korean economy, where manufacturing and exports are the two pillars of sustained economic growth. The Korean government is trying various policies to effectively support companies' transition to this new technological regime. This presentation will highlight Korea's approach to Industry 4.0, focusing on key policy tools and ways to foster collaboration between companies.
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Joonghae Suh
Dr. Joonghae Suh is a Senior Fellow Emeritus at Korea Development Institute. Trained as an economist, he has maintained a lasting interest in the complex relationships between technological change and economic development. As a policy practitioner, he has actively engaged in many policy-related works: among others, Korea’s Vision 2030, World Bank’s knowledge economy project, and OECD’s national innovation system studies. For two years from 2006 to 2007, he had worked at Korea’s Ministry of Planning and Budget as Senior Policy Councilor and Director General for Strategic Planning Bureau, where he had been in charge of coordinating inter-ministerial tasks for implementing Korea’s Vision 2030. He is the main editor of Korea as a Knowledge E…
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