In today’s rapidly evolving world, high-tech industries such as semiconductors, artificial intelligence (AI), and batteries face unprecedented global competition. According to 매일경제, these industries are now entrenched in an all-out war between nations, demanding a proactive governmental role to ensure survival and growth.
A Shifting Landscape
As Lee Eon-joo, a Democratic Party member of Korea, highlights, the future of these strategic industries hinges on more than mere survival. Rather, it’s a question of how actively governments engage in setting and supporting goals, transcending routine instructions and support. Rep. Lee, having a unique perspective as a former lawyer and managing director of S-Oil, emphasizes the vital leadership role the Korean government must play during this transitionary period in global order.
Domestic Challenges in a Global Context
Inside Korea, domestic high-tech industries are grappling with widening gaps in competitiveness against their global counterparts. Traditional sectors like steel and petrochemicals face the risk of ‘industrial hollowing out.’ This term signifies the widening gap in the industrial structure due to external and internal pressures, including a U.S.-centered supply chain and China’s oversupply issues.
The Need for Strategic Government Leadership
The era of simply offering corporate tax deductions is fading. For industries like AI and semiconductors to thrive, the government’s role must evolve into one of strategic support. This includes governing complex ecosystem interests and ensuring competitiveness across the board. Rep. Lee argues that such leadership should be all-encompassing from A to Z in the industrial ecosystem.
Toward Universal Growth
The aim is comprehensive growth across sectors and society, rather than a selective profit-sharing model. Rep. Lee illustrates this using defense sectors: if a defense company uses part of its profits for suppliers’ research and development, it not only aids supplier growth but eventually strengthens the company itself, creating a feedback loop of shared progress.
Exploring Alternative Routes
Lee also raises the fascinating possibility of developing an Arctic route, initially proposed by President Lee. With geopolitical risks looming over existing shipping routes, the Arctic route presents new opportunities in shipbuilding and logistics. This strategic shift could mitigate risks while opening doors to innovative industrial possibilities.
In summary, this strategic transformation extends beyond mere economic survival. It involves fostering a comprehensive national strategy, integrating technological prowess with governmental leadership to secure Korea’s position in the global high-tech arena.