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MKE

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04 Policy Direction

Industry Policies
Trade Policies
Energy Policies

Industry Policies

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  • Improve the Investment Climate
  • Promote Regional Economic Growth
  • Establish an Innovative R&D System
  • Upgrade Flagship Industries
  • Foster New Growth Engines
Korea is a global leader in a number of key industries including semiconductors, shipbuilding, and steel. To retain a national competitive edge in an increasingly aggressive global market, MKE is stepping up efforts to boost the nation’s core industries.

Strategies

Strategies
Sector Goal Strategy
Automobiles

Develop and commercialize cutting-edge vehicles with embedded IT functions.

Develop innovative auto technologies such as ‘telemetics’ and integrated control systems increasing safety and comfort.

Secure source technologies for hybrid and fuel-cell vehicles.

Provide incentives for eco-friendly vehicles.

Shipbuilding

Develop additional core technologies to increase value-added process.

Obtain source technologies and developing technologies for key parts of offshore plants and icebreaking ships.

Build a new ship models equipped with advanced IT technologies.

Semiconductors

Maintain status as the world’s largest memory chip producer.

Enhance competitiveness of non-memory chip sector.

(In the memory sector)
Develop new memory chip technologies; secure advanced technologies in equipment and material industries.

(In the non-memory sector)
Support R&D in promising areas and build infrastructure for long-term technology development.

Steel

Maintain status as leading global steel producer.

Expand investment in overseas iron ore development projects.

Increase supply of insufficient steel materials.

General Machines

Secure advanced technologies to stimulate production and exports.

Develop core technologies for localization of general machines.

Conduct joint development on key equipment for future power plants between plant producers and equipment companies.

Textiles

Develop core textile technologies.

Promote a convergence of textile and IT.

Produce new types of textiles such as ‘green textiles.’

Parts and Materials

Obtain source technologies.

Develop technologies for imported parts and materials.

Construct business-friendly infrastructure.

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