Development of smart factories in the Republic of Korea

Occupation: Post-graduate student, Lecturer, Institute of Asian and African Studies, Lomonosov Moscow State University
Affiliation: Lomonosov Moscow State University
Address: Russian Federation, Moscow

Journal name

Asia and Africa Today

Edition

Issue 6

Pages

63-68

Abstract

The Republic of Korea is one of the most innovative countries in the world according to different innovation ratings. Starting from 2000 government announced development of innovations and human capital as the main country’s strategy.

In 2015, the main provisions of the strategy were formulated by President Park Geun-hye in the Creative Economy program and adopted at the state level. Currently the country’s government is constantly looking for methods and forms of implementing innovations not only in high-tech industries but also in traditional manufacturing industries. Another important task of the government of the Republic of Kora is to include small and medium-sized businesses in the process of innovation development. Different ways of support were developed and presented by the government, among them “smart factories” is the most promising from the author’s point of view. The article analyzes the experience of the Republic of Korea in creating a system of support and development of “smart factories” across the country. The successe of the Republic of Korea in the digitalization and automation of the economy make its experience important and interesting in terms of proximity of the “fourth industrial revolution”.

The article considers the basis for the development of the innovative economy in the Republic of Korea. Main means and methods of program implementation are given and described as well as prospects of further development.

Keywords

Republic of Korea, Smart Factories, Fourth Industrial Revolution, Innovation Economy

Publication date

27.06.2020

Number of characters

15522

Cite

GOST	Leshakova N. Development of “smart factories” in the Republic of Korea // Asia and Africa Today – 2020. – Issue 6 C. 63-68 [Electronic resource]. URL: https://asaf-today.ru/S032150750009880-0-1 (circulation date: 26.04.2024). DOI: 10.31857/S032150750009880-0
MLA	Leshakova, Natalia P "Development of “smart factories” in the Republic of Korea." Asia and Africa Today 6 (2020):63-68. DOI: 10.31857/S032150750009880-0
APA	Leshakova N. (2020). Development of “smart factories” in the Republic of Korea. Asia and Africa Today (6), pp.63-68 DOI: 10.31857/S032150750009880-0

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