MITSK- SOUTH KOREA.ppt

7/28/2019 MITSK- SOUTH KOREA.ppt

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MITSK- SOUTH KOREA


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FUN FACTS

Officially

Republic of Korea

Seoul Population

Official Language

Military Spending UN Secretary-

General


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Economy

Size and Drive

International Trade

Economic Growth

Unemployment Rates


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SCIENCE & TECHNOLOGY

Promotion ofApplied Research InHigh Tech and

EmergingTechnology

Inclusion of Roboticsin Main R&D

Projects(2003)Biotechnology

Fastest InternetConnection


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Analysis of Koreas Competitive

Advantage- Porters Framework

Factor Endowments

Demand Conditions

Related and

Supporting

Industries

Firm Strategy and

Structure


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FACTOR ENDOWMENTS

Government Policies

-Improvement in IT infrastructure

- Favorable environment for development of ITindustry

Over 90% of nation is wired with broadbandInternet network

Overall Education in Korea is relatively high

Joint research and development projects


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DEMAND CONDITIONS

Privatization and deregulation intelecommunication market

Sophisticated internet usage

Wide range of Internet users- Individuals,

Businesses, Government Sector


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RELATED &SUPPORTING

INDUSTRY

Korea is United States most significanttrading partner

A leading position in Semiconductor market

Leading manufacturer in LCD and

Smartphone

Samsung and LG

Support for R&D and Prevention of Piracy


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FIRM STRATEGY AND

STRUCTURE

Favorable business environment

- Quick registration process

- Low entry barriers in IT industry

- Lower cost using telecommunicationinfrastructure

- Diverse capital resources

- Government support


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FIRM STRATEGY AND

STRUCTURE

Results in huge number of small, medium-sized venture in IT industry

Leads to severe domestic rivalry due tocompetition

Encourages the development of Innovativetechnology


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COINCIDENCE OR

GOOD PLANNING? 1960s Underdevelopedand Agrarian Economy

1990s- Significant

Economic Growth

2000s- IndustrialPowerhouse with Highly

Skilled Workforce

- Centralized and regulated

education


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COINCIDENCE OR

GOOD PLANNING?- Compulsory elementary

education

- Government monitors

higher education andset enrollment quotas

for different programs

- Creation of KAIST by

Korean Government- Free tuition and military

exemption


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REVIEW

Firm Strategy/StructureVenture Firms with High

Technology

Small, medium sized

companies

Market Competition

Innovative Technology

Factor EndowmentsGovernment Policies

Well educated and competent IT

workforce

Strong IT Infrastructure

Related & Supporting IndustrySupport for R&D

Market leader in Semiconductor, LCD

& Smart phones

First in CDMA commercialization

Demand ConditionsPrivatization and Deregulation

Sophisticated internet usage

Wide range of internet users


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Questions ?


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SOURCES OFREFERENCE

1. Porter, M. E. "The Competitive Advantage of Nations."Harvard Business Review68,no. 2 (MarchApril 1990).

2. http://www.psdtex.com/korea-science-and-technology-city-psd.html

3. 21 British Embassy, Seoul, op. cit., pp. 1-2.

4. http://www.nytimes.com/2011/02/22/technology/22iht-broadband22.html?_r=3&

5. http://www.hardwaretop100.org/the-worlds-largest-hardware-companies-2010.php

6. http://www.britannica.com/EBchecked/topic/322280/South-Korea/34997/Economic-and-social-developments

7. http://hechingerreport.org/content/how-does-south-korea-outpace-the-u-s-in-engineering-degrees_9032/

8. http://techland.time.com/2012/05/02/samsung-wins-the-world-in-smartphone-sales-still-trails-apple-in-u-s/>.

9. http://www.timeshighereducation.co.uk/world-university-rankings/2011-12/world-

ranking
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MITSK- SOUTH KOREA.ppt

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