Domestic Electronics Industry to Be Made Knowledge-Based

Korea Times (Seoul, Korea), June 16, 1999 | Go to article overview

Domestic Electronics Industry to Be Made Knowledge-Based


The Korean government is pursuing a diversified program for revitalizing the domestic electronics industry to make it more knowledge intensive and globalized.

In an intermediate report on establishing a direction for the future of the Korean electronics industry, the Ministry of Commerce, Industry and Energy said yesterday that the focus will also be on multimedia and components.

``The electronics industry accounts for over 30 percent of all Korean exports and a new vision has to be presented since there are limits to how far conventional electronics can go,'' one MOCIE official said.

In recognition of such limitations, MOCIE has consulted with the Korea Institute for Advanced Technology to draft a plan for taking the industry into the next century.

The institute has divided the research project into seven categories, including restructuring the electronics industry and making it more knowledge-based and establishing a strong foundation for the multimedia sector.

Other research categories are presenting a vision for the components sector, globalizing the industry, developing new electronic technologies and strengthening the distribution and marketing of electronics.

In the first category, MOCIE will be advocating the securing of competitive manpower and promoting research activities at universities and private and public institutes to make the industry more knowledge intensive. …

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