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Political & Policy Analysis for the South Korean Automation and Electronics Industry
Frost & Sullivan, Dec 2006, Pages: 25
Research Overview
The automation and electronics industry is one of the leading manufacturing sectors in all industrialized and industrializing countries of the world. Due to its pervasive applicability, the industry is strongly linked to macroeconomic conditions and is also considered a leading indicator of the economic health of a country. Owing to its strong influence on the economy and other industries, trends in this space are conscientiously tracked. Over the years, the production base of electronic components and semiconductors has shifted from developed countries in North America and Europe to emerging ones in Asia Pacific and Latin America. Low labor costs and unsaturated markets combined with steady economic recovery have made the Asia Pacific region attractive to semiconductors manufacturers. Home to some of the world’s fastest growing economies such as China and India, Asia Pacific is expected to exhibit rapid growth in demand for electronic components and applications in the future.
South Korea has been one of the leading semiconductor producers and to sustain this position, the Government has framed favorable and far-sighted policies. There has been special focus on the chip-designing segment, as it influences South Korea’s emergence as a major knowledge economy. Robotics is another promising sector, considering the demographic transition and technology development; it offers various investment opportunities for participants in different parts of the industry chain.
The South Korean Government’s policies are aimed at attracting foreign investments and promoting private investment. The Government has identified nanotechnology, semiconductors, and robotics amongst the key technologies of the future. The trade-related policies are expected to open up new markets for the industry. Local governments’ provision of incentives to invite investments has resulted in the formation of industrial clusters and free economic zones. The Government and the associated ministries are also promoting industry-academia collaboration and allotting R&D funds.
Frost & Sullivan’s Automation and Electronics Country Industry Forecast service provides vital inputs for evaluating the attractiveness of a country and its automation and electronics industry. Besides enabling decision makers to assess the impact of non-market forces, it also helps in identifying new market opportunities. This service provides a strong base for preparing contingency plans. In addition, investors can assess industry-specific risk factors as well as conduct a more in-depth micro research.
Benefits of this Service
Identify New Market Opportunities
The future trends of the political and policy environment of South Korea have been analyzed along with their impact on the automation and electronics industry. This analysis will provide valuable information to industry participants on market opportunities in specific segments of the industry.
Understand Future Industry Trends
The research service discusses the industry’s dependence on the prevailing political and policy scenario and forecasts its future environment. This will enable industry participants to gauge the future direction of the industry, enabling them to devise appropriate strategies to improve share.
Understand Policy and Regulatory Environment
A detailed analysis of the policy and regulatory framework of the South Korean automation and electronics industry is offered to provide insights into the regulatory environment as it exists, and the future direction of the same.
Devise Country Entry Strategies
The research service provides valuable information and analysis of the strengths and weaknesses of the political and policy environment of South Korea, which are relevant to the automation and electronics industry. This is particularly useful in devising country-specific strategies for industry participants.
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