This study discusses the strengthening of the technological development of the new materials industry in Korea, which has expanded through import substitution and export expansion, a result of the constant increase in domestic supply and development, differentiated research and development (R&D) strategies, and expansion of the market base.
Raw materials were given new properties by the application of new manufacturing process and processing technologies. These are new materials for which function, application feasibility and added value have been improved. They are classified into new metal, fine ceramic, high-molecule, and complex materials. The new materials are used as key materials for advanced technologies in automobile, aerospace, information, and communication fields. Their development has significantly improved the productivity and international competitiveness of Korean industry.
With accumulated R&D experience and expert professionals, the new materials industry in Korea has developed. However, R&D and commercialization is still at a very early stage. Therefore, most domestic production of new materials is for general products, and industry is dependent on import for core materials and products. It is estimated that the development of the new materials industry will contribute to import substitution and international competitiveness, with the rise in demand resulting from the advancement of the industrial structure.
The information competitiveness of the new materials industry in Korea is estimated to be around 50 to 60 percent of economically advanced countries. The level of technology level 40 to 80 percent behind, approximately 5 to 10 years. Results will be achieved gradually, with increases in demand and technological development.
The global new materials industry has shifted from mutual cooperation among small number of corporations with exclusive technology, as international competition has increased. Technologically advanced countries transfer the production of generally-used materials to developing countries, and avoid transferring high-technology materials production with high added value. Therefore, the importance of fundamental and original research is emphasized. The support policies in technologically advanced countries have been implemented as a industrial, academic and governmental cooperative system, by designing a comprehensive plan, and reviewing and achieving executive goals phase by phase, to make constant improvements in terms of international competitiveness.
The implemented plans to reinforce the information competitiveness of the domestic new materials industry are as follows:
1) The development of new materials with large markets and low risk should be allocated to the private sector, and the materials with limited markets, greater unintended effect potential, and higher risk should be allocated to the public sector.
2) An industry database should be established to collect information on international trends and technology, establish “new materials centers”, and determine industrialization strategies.
3) Promote the expansion of import through strategic corporations with technologically advanced corporations.
4) Make systematic employee and capital investments through academic and industry cooperation systems, and provide incentives for expert professionals.
5) Ensure sufficient demand through ensuring advanced technologies and markets by overcoming demand limitations – import substitution, creation of new demand and diversification of applied products, active globalization, and strengthening marketing and international promotions.
Additionally, organizations to lead data collection and exchange of products and technology should be established to promote information exchange and eliminate inefficiency between producers and consumers.
우리나라 해외투자의 활성화 방안(Reinforcement plans for knowledge competitiveness of new materials industry)
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Economy < Direct Investment|
|Holding||KIET; KDI School|