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Strategy for the realization of the creative manufacturing industry for the creation of new growth engines

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Frame of Image e Creative Manufacturing Industry for the Creation of New Growth Engines
economy even into the current manufacturing industry, it is expected to realize the high value added of industry by facilitating the introduction of creative ideas into the value chain activity of all industries. With the phase of the 4th industrial revolution, the manufacturing industry is turning towards the creation of an intelligent factory which combines conventional industries and IT, and leads all the production processes to be optimized onto single convergence platform. In addition, as the concept of IoT (internet of things) expands, this expansion would enable the provision of new services by realizing the connection not just between people and products, but also between products. What is urgent for the Korean manufacturing industry at this moment is to expand broadly the concept of the creative economy, so that it can raise the creative capability of individual areas. It is critical to strengthen the industrial competitiveness of the Korean manufacturing sector by accelerating the realization of the creative manufacturing industry through creativity, convergence and knowledge-based assets, and overcoming the problems such as weakened leading industries, delays in creating new growth engines, the
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low growth trends and limitations in creating jobs. In order to develop Korea into a sustainably growing economy, it is crucial to move toward a creative manufacturing industry that places creativity


Full Text
Title Strategy for the realization of the creative manufacturing industry for the creation of new growth engines
Similar Titles
Material Type Reports
Author(English)

Suh, Dong-Hyuk

Publisher

[Sejong]:Korea Institute for Industrial Economics & Trade

Date 2014-12
Series Title; No KIET Industrial Economic Review
Pages 17
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Manufacturing
Holding KIET; KDI School