January 2021 - Invest KOREA
Invest KoreaJanuary 2021Looking Ahead to 2021Shawn ChangHead of Invest KOREAKorea, a World Leading ICT PowerhouseTrends and Outlook of Korea’s ICT IndustryMecca of Global ICT Convergence, Pangyo Techno Valley
Invest KOREA websiteWe’re Renewingour Website!http://www.investkorea.org Invest KOREA’s website, which serves as the nation’s portal forinvestment attraction, has been renewed. Here, you can find all you need toknow about Korea—general information, industrial information,site information, or investment information. The customized searchfeature enables users to find what’s currently available for investment,industrial complex information, and projects of each region.Start your investment in Korea with the renewed Invest KOREA website.02
ContentsICTBusiness News04-05News highlights on FDI, trade &commerce, industry, gov’t & policyWhy Korea?06-0910-1326-27Living in Korea28-29“Administrative Divisions ofSouth Korea”14-16Experience Korea30-33“Nature’s Way”“Trends and Outlook ofSouth Korea’s ICT Industry”Location ReportFAQ from Investors“What is Foreign Direct Investment?”“Looking Ahead to 2021”Industry Focus25“New Epoch of Kospi 3000”“Korea, a World LeadingICT Powerhouse”Cover Story InterviewEconomic Opinion17-19Economic Indicators3420-23IK’s Services35“Mecca of Global ICT Convergence,Pangyo Techno Valley”Future UnicornsLab to Market Inc.Invest Korea Market Place24Korean companies to invest in03
Business NewsForeign Direct InvestmentS. Korea’sFX reservesup for 9thstraightmonth inDecemberSouth Korea’s foreign reserves rose for theninth straight month in December last year,supported by an increase in investment returns, central bank data showed Jan. 6.The nation’s foreign reserves came toa record high of USD 443.1 billion as ofend-December, up USD 6.72 billion from amonth earlier, according to the Bank of Korea (BOK).Foreign securities came to USD 409.8 bil-lion as of end-December, up USD 15.2 billionfrom the previous month and accounting for92.5 percent of the FX reserves. Deposits fellUSD 9.05 billion on-month to USD 20.2 billion, and gold holdings remained unchangedat USD 4.79 billion.As of the end of November, S. Korea wasthe world’s ninth-largest holder of foreignexchange reserves.Netherlands’IMC expectedjoin Seoulbourse asa marketmarker inspringNetherlands-based brokerage house IMC istapping business opening in S. Korea, whichwould make the first foreign entry in localbrokerage in four years.If it gets a final nod from the FinancialSupervisory Service (FSS) by February, theDutch firm is able to start business in springunder tentative name IMC Securities Korea. There had not been a foreign brokerageopening over the last four years since ChinaMerchants Securities and Mizuho Securities.IMC was founded by two traders workingon the floor of the Amsterdam Equity OptionsExchange in 1989. It specializes in the roleof a high-volume market maker in more than100 exchanges around the world with morethan 800 employees and four offices worldwide.“The selection criteria for market makersvary with the product type. There’s no discriminatory rule for foreign brokerages, andall firms will be evaluated under the samecriteria,” said an official from the Korea Exchange.StarbucksCoffee Koreabenefitsbig fromdrive-thruamid virusoutbreakDrive-thru service has worked out wellfor Starbucks Coffee Korea Co., the No. 1coffeehouse chain in S. Korea, as it helped tooffset business shutdowns during outbreaks.The local operator of the global coffeechain brand said Dec. 22 that the number ofStarbucks customers registered to its My DTPass membership reached another milestoneof 1.5 million after breaking 1 million justabout eight months ago.Takeout orders made via drive-thru branches from Jan. to Nov. in 2020 jumped 46 percent compared to the same period last year.Of them, four out of 10 customers were MyDT Pass users this year, up 53 percent onyear.Starbucks introduced drive-thru service inKorea in 2012 and now runs total of 280 outlets, making up 20 percent of its entire 1,480outlets operating across Korea. The companyalso added a virtual order system, which allows customers to talk to Starbucks employees via a screen and make orders. The Koreanoffice was the first among the global coffeegiant’s businesses to introduce the service.S . K o r e a ’s e x p o r t s o f e n v i r o n ment-friendly vehicles jumped 40 percentin 2020 from a year earlier on growingdemand for less-emitting cars, the tradeministry said Jan. 3.Exports of all-electric and hydrogenfuel-cell electric vehicles climbed to USD4.6 billion last year from USD 3.3 billiona year ago, according to the Ministry ofTrade, Industry and Energy.Eco-friendly vehicles accounted for 12percent of the country’s overall vehicleshipments last year, up from 7.7 percentthe previous year, the ministry said.Hyundai Motor Group, the country’sbiggest carmaker by sales, mainly exportsall-electric models, the Kona EV and theIoniq Electric, and the Nexo hydrogen car.Trade & CommerceS. Korea’seco-friendlycar exportsjump 40 pctin 202004
S. Korea’s technology trade reached an alltime high of USD 31.6 billion last year, up10.1 percent from 2018, government datashowed Dec. 22.Technology trade refers to the country’sinternational technology transactions, such asthe use of patents, licenses and technical services, as opposed to tech products, accordingto the Ministry of Science and ICT.The ICT ministry said outbound technol-ogy transfers amounted to USD 13.8 billionlast year, compared with imports of USD17.9 billion, leading to a trade deficit of USD4.1 billion that highlights S. Korea’s relianceon foreign technology.By country, S. Korea had the largest technology trade with the United States at 9.8billion, accounting for 30.9 percent of lastyear’s total.S. Korea’s 5Gdownloadspeed fastestglobally:reportS. Korea has the fastest 5G downloadspeed in the world, reaching over 350 megabits per second (Mbps), a report showed Dec.21.The country’s 5G download speed stood atan average 351.2 Mbps, followed by SaudiArabia at 272.8 Mbps and Taiwan at 247.7Mbps, industry tracker Opensignal said in areport, citing data collected between Sept. 1and Nov. 29 in 15 global markets with 5Gnetworks.S. Korea was the first country to commercialize the latest generation network in Aprillast year and has racked up just under 10 million 5G users as of end-October, accountingfor 14 percent of the country’s total 70 million mobile subscriptions.The country’s three major mobile carrierspromised earlier this year to spend up toKRW 25.7 trillion (USD 23.3 billion) until2022 to update network infrastructure andestablish nationwide 5G coverage.EV batterymakers setto reportrobust Q4resultson strongdemandS. Korea’s three electric vehicle (EV) battery makers are expected to report robust orimproved fourth-quarter earnings results ongrowing demand for electrified vehicles, analysts said Jan. 3.LG Energy Solutions Ltd., SK InnovationCo. and Samsung SDI Co. likely performedwell in the Oct.-Dec. period as carmakers areadding more battery-powered models to theirlineups due to emissions restrictions, theysaid.The three Korean companies accounted for34 percent of the world’s car battery marketsfrom January to November last year, withtheir combined market share jumping from17 percent during the same period of 2019,according to market tracker SNE Research.S. Korea’stech trade atrecord highlast year:dataIndustryGovernment & PolicyS. Koreato investover 250bln won inAI, softwareeducation in2021S. Korea’s ICT ministry said Jan. 7 it willinvest KRW 262.6 billion (USD 242 million)to foster education in artificial intelligence(AI) and software this year as part of thecountry’s digital New Deal program thatseeks to boost jobs in new tech industries.S. Korea last year unveiled the digital NewDeal, which aims to spend 58.2 trillion wonon key tech investments, such as AI, to createaround 900,000 jobs by 2025.The Ministry of Science and ICT said itplans to educate around 16,000 AI and soft-ware specialists this year as part of its goal tofoster a total of 100,000 high-tech workers inthe sectors by 2025.The ministry plans to add two additionalgraduate programs that specialize in AI thisyear, leading to a total of 10, and also providesupport to 42 software research labs that focus on AI and big data technologies. It addedit will designate around 500 elementary andmiddle schools for AI education as well asestablish a new software-focused school inthe southern port city of Busan.05Source: www.investkorea.org, Yonhap News Agency, Pulse by Maeil Business News KoreaBusiness NewsTrade & Commerce
Why Korea?Korea, a WorldLeadingICT PowerhouseNumerous global indices have proven Korea’s status as the nation with theworld’s best digital infrastructure. Korea ranks first in ICT distribution,and it topped the e-participation index of the UN e-government survey.In fact, Korea was also agile in responding to the COVID-19 pandemicbased on its digital technologies and infrastructure.Let’s find out more about the nation’s achievements.06
for smartphone penetration rate, fixed broadbandsubscription rate (per 100 people) and 4G downloadspeed as of 2019, boasting the world’s best digitalinfrastructure. More recently, being first in the worldto launch commercial 5G service in April 2019, Seoulhas proved once again that it’s the world’s leading techinnovator.Based on its top-notch ICT resources, the Koreangovernment unveiled the “Digital New Deal” in July2020 as part of the Korean New Deal, which lays outa grand plan instituted to well respond to the postpandemic economy and to move toward the digitaleconomy. Overall, the authorities proposed spendingnearly KRW 58.2 trillion over the next five years on12 detailed tasks entailing four separate segments:the development of a digital ecosystem underpinnedby D.N.A. (an acronym standing for data, networkand artificial intelligence) technologies, digitaltransformation in education, transition to a contact-freeeconomy, and digitization in social overhead capital(SOC).ICT Adoption Index (2019)Fibre Internet Subscriptions Rate (2019)1stKorea2nd UAE3rd Hong Kong5th Singapore6th Japan18th China27th U.S.28th France31th UK36th Germany1stKorea 31.9%31.9명1stKorea31.9명1st Korea3rd Hong Kong27.84th UAE27.75th Sweden24.16th China23.97th Japan23.88th Singapore22.3Source: World Economic Forum (WEF), “Global Competitiveness Report 2019”07Why Korea?In the age of the COVID-19 pandemic wherecontact-free engagement has become the newnormal, digital infrastructure is now emerging asa critical source that substantially contributes notonly to economic development but to societal benefitsand even disease prevention and control efforts.Harnessing its highly advanced ICT infrastructureand technological capabilities long established,Korea has shown a data-driven pandemic response incombination with contact-tracing applications to tracknew infections and data-sharing platforms throughwhich citizens can gain access to real-time informationon where and when to buy face masks in the midst ofthe crisis. In addition, by swiftly transitioning faceto-face classrooms to online learning in schools, thecountry has successfully taken a proactive approach toa new way of life where contactless services take placeof in-person transactions.According to the World Economic Forum, Korearanked first in the ICT Development Index, toppingthe list for two consecutive years. Additionally, Koreaalso maintained the top spot in the list of countries
Why Korea?4G Download Speed(2019, Mbps)Active Social NetworkPenetration Rate (Jan. 2020)Smartphone PenetrationRate (2019)Households with InternetAccess (2019)1st Korea 95%1st Korea 99.7%1st Korea 52.4Mbps4thSweden86%2ndNetherlands 42.58thGermany78%6thUK95.8%4thNetherland 42.44thMalaysia81%13thJapan66%10th zil60%15thFrance90.2%6thAustralia37.46thHong Kong gentina1stUAE99%2ndTaiwan88%3th Korea 87%76%Source : World Economic Forum (2019), Pew Research (2019), Open Signal (2019), Statista The Digital New Deal’s 12 Tasks in 4 Sectors Strengthening of theD.N.A. Ecosystem①②③④Digital Transformation in Promotion of ContactEducation InfrastructureFree ServicesBuild, open and utilizedata assetsExtend 5G and AIconvergence to allindustrial applications⑦⑤Create digitalbased educationinfrastructure inelementary, middle andhigh schools.⑧Promote 5G-AI-basedsmart governmentDevelop K-cyberquarantine system⑥Promote e-learningacross universities andvocational schoolsnationwide⑨Develop smartinfrastructure formedical and careservicesEncourage a remoteworking cultureamong SMEsSupport onlinebusinesses for smallenterprisesDigitization in SocialOverhead Capital (SOC)⑩⑪⑫Establish digitalmanagement systemsfor core infrastructurein four major fieldsPromote digitalinnovation in urban/industrial complexspacesBuild smart logisticssystemsSource: Press release(July 15, 2020)”Digital New Deal, leading the digital transition after COVID-19”, Ministry of Science and ICT08
Korea has taken the lead twice in a row in termsof the United Nation’s E-Participation Survey,which presents the state of digital services facilitatedin a member country. In another indicator, theE-Government Development Index (EGDI), Koreaplaced second among other members. With suchoutstanding performance, Korea has started to exportits digital government services, which reaffirms thegovernment’s strong commitment to gearing up fordigitalization and its prowess in digital infrastructure.Korea, a global ICT powerhouse, will become oneof the most attractive investment destinations for manyforeign investors looking for new growth opportunitiesE-Government Development Index (2020)1 Denmark2nd5KoreaAustraliain the post COVID-19 world. In the February issue,Invest Korea will cover “Korea’s Innovation Capacity:Why Korea is Asia’s most innovative country.”By Hyo Jung JangAssistant ManagerInvestment Public Relations TeamKorea Trade-Investment Promotion Agency (KOTRA)E-Participation Index (2020)1stKorea1 U.S.1 Estonia7 UK4 Japan9 U.S.4 New Zealand11 Singapore6 UK14Japan9 China21UAE16 Canada25 Germany18 Brazil2829 IndiaCanada45 China36 SpainSource: 2020 UN E-Government Survey (July 10, 2020)09Why Korea?Korea’s E-Government System Exported Worldwide
Cover Story:Shawn ChangHead of Invest KOREA10
Invest Korea magazine talks to Shawn Chang, Head of Invest KOREA,to hear more about Korea’s business environment amid COVID-19 andhis aspirations for the agency in 2021.Mr. Chang, it’s great to meet with you as wekick off the New Year. Do you have any wordsfor our Invest Korea magazine readers?First of all, Happy New Year! May this year bringyou all health and happiness, and I hope that thepandemic comes to an end soon so we can return tonormalcy in our lives as well as meet in person again.Here at Invest KOREA, we’ve made many effortsover the past year to digitize our regular activities andensure uninterrupted services to foreign investors.Additionally, we’re revamping our website to offera wider range of information not only on Korea’sbusiness environment, but also that which is usefulfor everyday life in Korea. In line with this, we’vechanged the name of our magazine from KOTRAExpress to Invest Korea—synonymous with the nameof our agency—to place focus on FDI and furtherenrich the contents we provide to our readers.An IMF report released in October predictsa grim outlook, saying the global economyis on course to shrink to -4.4 percent due toCOVID-19. Can you tell us more about therecent global foreign direct investment (FDI)trends?Sure. As we’re all aware, the pandemic-inducedeconomic recession is taking a toll on global tradeand investment, and the rebound from this is showingsigns of stalling.According to recent data by the United NationsConference on Trade and Development (UNCTAD),global FDI halved (49%) in the first six months of2020 from the same period in 2019 and the averageannual flows for 2020 appear to be down by about40 percent year-over-year. As the global investmentlandscape will most likely remain negative in 2021, Isuppose it will take some time to get back to the prepandemic levels.S. Korea isn’t immune to the negative impactsof COVID-19 on the global economy, as we’reseeing a contraction in FDI here as well. What’syour view on FDI inflows to Korea?Well, Korea has attracted FDI worth USD 20 billionfor five consecutive years since 2015. The cumulativeamount officially reported in the first half of 2020declined 22.4 percent year-on-year probably becauseof the current global health crisis, but Korea’s FDI in2020 Q3, in particular, was large enough to make upfor the shortfalls. The FDI aggregates for 2020 Q1-Q3stand at USD 12.89 billion.The data presents a stark contrast from the overallcontraction in FDI globally. This can be attributed toKorea’s effective disease containment measures whichhave successfully flattened the curve without shutting11Cover StoryLooking Ahead to 2021
Cover Storydown the economy. The authorities’ efforts to mitigatethe economic shock from COVID-19 would probablybe very appealing to foreign investors.A s t h e c o u n t r y ’s n a t i o n a l i n v e s t m e n tpromotion agency, what direction is InvestKOREA taking to attract FDI?Since the COVID-19 outbreak, the global economyhas undergone changes such as GVC restructuringand digital transformation. In response, the Koreangovernment is working to boost the economy at thepolicy level through the Korean New Deal.In line with the central government’s policy, InvestKOREA will carry out foreign investment promotionbased on the Digital New Deal and Green New Deal,which are both part of the Korean New Deal. Underthe Digital New Deal, we’re going to focus on the socalled D.N.A. (big data, network, AI), ICT industriesas well as the Big 3 industries (system semiconductor,medical bio, future car). Under the Green New Deal,we’ll focus on renewable energy and the hydrogeneconomy.Invest KOREA’s investment attraction activities willbe carried out in three main directions. First, we willShawn Chang presents on Korea’s investment environment at IKW 2020.12continue to attract investment from foreign-investedcompanies in new growth industries so that Korea cangrow into a global hub for high-tech industries.Second, in cooperation with free economic zones(FEZ) and local governments, we’re going to facilitatederegulation and provide incentive packages to helpinvestors planning to establish their entities in Korea’snew industrial ecosystems.Third, we will secure opportunities for sustainableand dynamic growth by strengthening cooperationwith Korean startups. Indeed, Korea is experiencinga startup boom based on its world-class ICTinfrastructure, human resources, and R&D capabilities.What role would you say Invest KOREA willplay in the future?Since the pandemic, Korea has proven itscompetitiveness as a sound investment destination.The world has its eyes on Korea’s innovativecapabilities which are well demonstrated through theso-called “K-Quarantine” and the country’s stabilityamid COVID-19.Of course, Korea also has several strengthsin terms of its flagship industries, marketability
”and infrastructure. Based on Korea’s assets andgovernment policies, I believe Invest KOREA’s role isto carry out active and strategic investment promotionactivities, be a reliable business partner to domesticand foreign companies, and also, to be a bridge forforeign investors doing business in Korea and in Asiaas a whole.Furthermore, we’re here to be a liaison betweeninvestors already conducting business here and thegovernment to improve regulations and incentives tocontinue fostering a favorable investment environment.How has the COVID-19 pandemic changedh o w I n v e s t KO R E A i s c a r r y i n g o u t i t sinvestment promotion activities?First of all, our major annual event called InvestKorea Week (IKW) was held online for the first timeever in 2020 from Nov. 11-18 under the theme of“Smart Innovation & Safe Growth with Korea.” IKWis a national investment attraction event held yearly topromote Korea’s investment environment.What was different about IKW 2020 was that itwas hosted together with Arirang TV in the formof a broadcast so that foreign investors and otherparticipants could watch the event in the safety of theirhomes amid the pandemic.IKW had always been held offline and in-person,with visitors being able to physically be present. Butlast year, investors from all over the world were ableto attend through broadcasting and online platforms.As a result, IKW 2020 was broadcast to over 130million households in 101 countries around the world.Now, we have over 2 million views on YouTube.Although the pandemic has definitely reshapedthe way we hold this event, we still had about 144investors in attendance (59 in key industries likematerials, parts & equipment; 33 in new industries likebiotechnology, information & communications; and 52in service industries like logistics and finance). Theyheld a total of 321 consultations with 204 Koreancompanies and local governments looking to attractforeign investment. These consultations are projectedto reach a total of USD 9.4 billion in investment.Aside from IKW, we are making great use of onlineplatforms and Korea’s strong ICT infrastructure tocontinue holding meetings with investors and are alsocreating new ways to provide information on Korea’sbusiness environment to potential investors around theworld.What is Invest KOREA’s plan for 2021?We really hope that COVID-19 will be over soon sothat we can hold our events offline again. It’d be greatto host and meet (in-person) foreign investors who areconsidering Korea as an investment destination.More specifically, we’re going to continue workingclosely with KOTRA’s overseas offices and furtherconcentrate our resources and energy on 60 large-scalebusiness projects that involve renewable energy oronline platforms.Despite these tough times, everyone at InvestKOREA is excited to see what this year holds for usand will work tirelessly to respond to the changes inthe global investment environment. We ask for yourcontinued interest and support.By Grace ParkExecutive ConsultantInvestment Public Relations TeamKorea Trade-Investment Promotion Agency (KOTRA)13Cover Story“Since the pandemic,Korea has proven itscompetitiveness as a soundinvestment destination. Theworld has its eyes on Korea’sinnovative capabilities whichare well demonstratedthrough the so-called“K-Quarantine” and thecountry’s stability amidCOVID-19.
Industry FocusTrends and Outlookof South Korea’sICT IndustryWith universal access to ICT resources andtechnological capabilities, S. Korea, which adoptedthe world’s first commercial Code-Division MultipleAccess (CDMA) network (IS-95A) in 1996, LTE-Aand high-speed 4G LTE broadband services in 2013,and more recently the first nationwide 5G wirelessnetwork, has long been at the forefront of the globalICT industry.S. Korea, positioned as the world’s leading techinnovator, has been topping the list of overall mobilephone sales since 2011, showcasing the latesttechnologies such as 5G-enabled phones or foldablegadgets in the premium smart phone segment.Thanks to recent supply deals struck by some ofthe leading tech companies like Samsung Electronicswith the U.S. mobile carriers to help stretch the reachof 5G, Korea has started to show substantial progressin the fields of networking hardware as well. Giventhat the prevalence of 5G services is predicted to beincreasingly common throughout the world, suchachievement appears to help boost its market presencein the coming years.Dubbed as a 5G pioneer, S. Korea was first in theworld to launch commercial 5G service and has sincebeen extending nationwide coverage of it, providingthe best and the fastest internet connection in theglobal telecommunications sector.14A Key Industry Driving Korea’s EconomyThe ICT industry has been a growth driver ofthe economy, taking up nearly 9 percent of Korea’sgross domestic product (GDP) since 2011. In 2019,the industry’s real contribution to GDP reached 10.8percent, equivalent to KRW 199 trillion.The two main subsectors of the telecommunicationsindustry, telecom equipment and services, are takingan agile approach to shifting market demand andtechnological trends, making constant investment ininnovation, by which the ICT industry can gain growthmomentum.Sales figures of telecom equipment sold in the firstsix months of the year 2020 was KRW 19.5 trillion,up 5 percent year-over-year. The growth pattern wasalso observed in other segments as well: devices at 6percent, networking hardware at 6 percent (KRW 0.1trn) and wireless telecom services at 9 percent (KRW1 trn) over the same period.The overall performance reflects the bright outlookfor the market as the launch of 5G commercialservices has turned the industry sales positive since2020 and soaring demand for subsequent generationsof network technology such as exponential growth inmobile data traffic, which is closely associated withimproved device and connection capabilities, theconvergence between media and telecom services and
5G Strategy and the Digital New Deal: Master Planfor Post COVID-19 Digital TransformationAfter its 5G debut, S. Korea rolled out a nationwidestrategy, dubbed “5G Plus (5G )” in April 2019, whichentails business support policies to focus primarily on10 5G-based industries (VR, AR, wearable devices,etc.) and five services (smart factory, immersivecontent, etc.) which are pivotal to the economy.Under this plan, Seoul will set a goal to represent 15percent of the global market share by the end of 2026,adding 600,000 new jobs. To this end, it will promoteprivate-public partnership to invest upwards of KRW30 trillion into the formation of the world’s best 5Gecosystem and its nationwide coverage by 2022.In addition, S. Korea will lead public sectorfinancing, through which the authorities willlaunch business feasibility assessments andprofitability analysis to substantiate the viability ofthe aforementioned five main services until 2021.Then, they push forward a follow-up measure called“5G Plus (5G ) Innovation,” designed to provideubiquitous access to the new services from 2021 to2025.In accordance with the 5G policies, the Koreangovernment has formed a 5G strategy committeemade up of both private and public entities whowill take on the role of agenda setting for crossgovernment, private-public and multi-stakeholderpartnerships.Aside from the 5G initiative, the Moonadministration proposed the Korean New Deal onJuly 2020, which is centered on two main pillars—the Green New Deal and the Digital New Deal. Incombination with environmental schemes, the Digital10 Core Industries and 5 Core Services of the 5G igentCCTV10 Core5 rone(Connected)RobotEdgecomputing5G V2XInformationsecuritySmart cityDigitalhealthcare* Source: 5G Strategy for Innovative Growth, Ministry of Science and ICT (MSIT)15Industry Focusgreater access to cloud computing platforms is likelyto further spur industry growth.
Industry FocusNew Deal would lay out a grand plan for the digitaleconomy.To carry out the policies, the S. Korean governmentplans to put greater emphasis on the development of adigital ecosystem underpinned by D.N.A. (an acronymstanding for data, network and artificial intelligence)technologies in an effort to bolster the development ofthe productivity and production of digital goods andservices.In addition, they have set the goal of cross sectorconvergence, making 5G, AI and data analyticstechnologies applicable to almost all industrialsectors, alongside digital inclusiveness which expands5G coverage nationwide and cloud-based smarte-governance solutions harnessing 5G networks.In an attempt to unlock the opportunities broughtby superfast wireless services, global tech giantswho have entered Korea are now joining the globalrace toward 5G. Swedish telecommunicationscompany Ericsson, which has been a leader in mobilenetworking services since it first arrived and started todeploy 2G in Korea, recently partnered with a Koreancarrier to co-invest in 5G research and development.Taking from its years of experience in Korea,Finnish telecom equipment maker Nokia, hasworked on advancing its overseas service qualityand performance, while offering virtualized networkservices (VNS) and next generation network solutionswhich go beyond 5G.Furthermore, a wide array of global tech companiesin different subsectors of 5G, AI, cloud services,e-commerce applications, O2O (online to offline)platforms and even the game business, are coming toKorea in hopes of finding new growth opportunities.As such, the investment boom in Industry 4.0technologies is projected to continue on for some time.By Gil-Hyun AhnKorea Electronics Associationghahn@gokea.org5G Policies of the Digital New DealBudgetPolicyObjective(KRW 1 trn)Jobs(unit: 92.59.79.10.10.20.2ㆍEnhance data usability through collection, linkage andutilization of information from different sourcesData DamSmartGovernanceSmartHealthcareInfrastructureㆍ Lead the world 5G and AI convergence- (Nationwide 5G coverage) Tax breaks such as lowering businesslicense tax or investment tax for early deployment of networkservices- (5G convergence) Development of 5G-based services such asimmersive content or self-driving technologiesㆍAdopt digital application to make paperless e-governanceand smart workplace- (Smart workplace) 5G services available in government buildings/Transfer public datasets to cloud platformsㆍBuild smart medical infrastructure which lays foundationsfor
17.9 billion, leading to a trade deficit of USD 4.1 billion that highlights S. Korea’s reliance on foreign technology. By country, S. Korea had the largest tech-nology trade with the United States at 9.8 billion, accounting for 30.9 percent of last year’s total. S. Korea has the fastes
·Hyun Chang Lee, Wonkwang University, Korea ·Chul Hong Kim, Chonnam National University, Korea ·Seong Kwan Lee, Kyunghee University, Korea ·Jung Man Seo, Korea National University of Welfare, Korea ·Jun Hyeog Choi, Kimpo College, Korea ·Young Tae, Back, Kimpo College, Korea ·Kwang Hyuk Im, PaiChai University, Korea
Korea University Business School Fact Sheet for Student Exchange Program Contact Mailing Address International Office Korea University Business School A304, Korea University Business School Main Building 145 Anam-ro, Seongbuk-gu, Seoul, Korea 02841 Telephone & Fax Tel: 82-2-3290-5362 Fax: 82-2-3290-5368 Websites Korea University korea.ac.kr
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Red Scare political cartoons . Korean War (June 1950-July 1953) Japan controlled Korea – after WW2, Korea divided at 38th parallel USSR - North Korea US – South Korea June 25, 1950 – N. Korea invaded S. Korea . UN and US sends troops – Truman appoints General
North Korea became a Communist state under the influence of the Soviet Union while South Korea allied themselves with the United States and became a republic. Military confrontations continued along the border and in 1950, North Korea attacked South Korea. The U.N. sent military support to South Korea while China did the same in North Korea.
At the 20th Korea -ASEAN Summit, Moon stated that he will “serio usly consider” inviting North Korean leader Kim Jong -un to the next Korea -ASEAN summit after coordinating with all parties involved. 19. 15. Sungil Kwak, “Korea’s New Southern Policy: Vision and Challenges, ” Korea Institute for International Economic Policy,
South Korea (hereafter referred to as Korea) is located on the southern end of the Korean Peninsula. North Korea is the northern neighbour. The Yellow Sea and China are to the west, the Sea of Japan and Japan to the east. Korea has an area of 99,000 sq.km and population of 49 million, of whom 10.4 million live in Seoul, the capital city .
ANATOMI & HISTOLOGI JARINGAN PERIODONTAL Oleh: drg Ali Taqwim . terbentuk dari tulang haversi (haversian bone) dan lamela tulang kompak (compacted bone lamellae). drg Ali Taqwim/ KG UNSOED 29 Lamina dura Alveolar bone proper GAMBARAN HISTOLOGIS GAMBARAN RADIOGRAFIS It appears more radiodense than surrounding supporting bone in X-rays called lamina dura . drg Ali Taqwim/ KG UNSOED 30 1. Cells .
