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Redrawing Korea’s Industrial Map

Redrawing Korea’s Industrial Map

“It will take at least 100 years to rebuild this country,” Gen. Douglas MacArthur once said as he faced the war-ravaged cities of Korea while leading the United Nations forces during the Korean War. As one of the world’s poorest countries, post-war Korea’s per capita gross domestic product was less than US$67. Contrary to MacArthur’s […]

Techno-Nationalism vs. the Fourth Industrial Revolution

Techno-Nationalism vs. the Fourth Industrial Revolution

What is the impact of techno-nationalism on global innovation? Does it advance, protect or impede it? Over the coming two decades, the answers may determine the economic success, competitiveness and geostrategic position not only of Asian nations but much of the world.   We are at a historical inflection point. The international rules-based economic order […]

Gov’t to limit operation of coal power plants to curb fine dust pollution

Gov’t to limit operation of coal power plants to curb fine dust pollution

South Korea’s industry ministry said Wednesday it will regulate the operation of coal power plants to reduce emissions of fine dust as the country faced its worst level of pollution in recent days.   The Ministry of Trade, Industry, and Energy said it will move to have 60 coal power plants scale down their operations […]

Euljiro provides window into Seoul’s industrial past

Euljiro provides window into Seoul’s industrial past

  Euljiro industrial supply market, a sprawling web of sheet-roofed shelters nestled within high-rise buildings in downtown Seoul, has seen better days.  “Business is bad. Export orders keep falling because other countries can now manufacture parts on their own,” Jeon Yong-sik, 67, a metal spinning craftsman with 50 years of experience, said at his store […]

New energy industry: Korea’s next growth engine

New energy industry: Korea’s next growth engine

By Joo Hyung-hwan – The Korea Times Korea has never stopped seeking fast-growing sectors for targeted investments that can provide new impetus to the country’s economic growth. As its latest initiative for a new growth engine, the Ministry of Trade, Industry and Energy (MOTIE) unveiled a detailed investment plan on July 5 to promote the […]

Turkey to build industrial city in Iran

Turkey to build industrial city in Iran

Head of Iran’s Chamber of Commerce Mohsen Jalalpour said that Turkey is planning to construct an industrial city in Iran, ISNA reports. “Istanbul’s Chamber of Industries will build an industrial city with 140 units in Iran,” Jalalpour told reporters on June 15, He reiterated that Turkey will invest $10 billion in the construction of the […]

Kazakhstan redirecting foreign investments for industrialization

Kazakhstan redirecting foreign investments for industrialization

This year Kazakhstan will implement seven projects totaling $237 million with the participation of anchor investors and transnational companies, such as JAC, Hikma, Carmeuse Group, Cremonini, Peugeot, Citroёn, IVECO, and Tenaris, in the pharmaceutical, chemical, agro-processing, mining, metallurgical, and construction industries, Kazakh Minister for Investment and Development Aset Isekeshev said on May 17 at a […]

Impact of Indian Budget 2016 on Global Industry and Economy

Impact of Indian Budget 2016 on Global Industry and Economy

Indian media does not tire of analyzing the Economic Survey and the Budget proposal 2016 announced by Mr. Arun Jaitely, the Finance Minister of Prime Minister Modi. “Make in India”, “Ease of Doing Business” and “Skilling India” are three most important thrust areas that are close to the heart of Prime Minister Modi. Clearly, Prime […]

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