DOCSLIB.ORG

Smart Cities South Korea

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Smart Cities South Korea Glasgow City Smart Cities Scotland South Korea Market Intelligence Report June, 2019 Department for International Trade Report prepared by Intralink Limited 2 Smart Cities About Intralink This report has been prepared by Intralink, an It provides the in-country expertise to identify a international business development consultancy client’s market opportunity, secure sales and drive specialising in East Asia. its growth. It also helps companies, when they’re ready, set up a permanent presence in Asia through The company enables western companies to expand a local subsidiary, partnership or acquisition. in Korea, Japan, China and Taiwan, and Asian companies to collaborate with innovators in the west. Intralink’s clients range from startups to multinationals in the automotive, energy, healthcare, Intralink has 80 multilingual employees, a 29-year electronics, telecoms and other high-growth sectors. track record and offices in Oxford, London, Seoul, It also works with government departments and Shanghai, Tokyo, Taipei, Silicon Valley and Boston. economic development agencies to promote exports With teams based in East Asia and immersed in the and attract investment from East Asia. local business practices, cultures and customs, the For more, visit www.intralinkgroup.com company goes beyond developing market expansion strategies to play a hands-on role in building its clients’ businesses in the region. great.gov.uk 3 Table of Contents 1. Introduction 5 Table of Figures 2. Korea: An Overview 6 Figure 1: Korean GDP (2013 – 2018) 6 3. Smart Cities in Korea 7 3.1. Government Initiatives 7 Figure 2: Smart City Ecosystem 13 3.2. National Projects 8 Figure 3: Projected Number of Cars in Sejong 3.3. Timeline and Budget 10 Smart City Project, 2021-2040 15 3.4. Regulations 11 Figure 4: Smart Factories in Busan, 2014-2022 21 3.5. Vendor Selection 12 3.6. Key players 13 4. Opportunities for UK Companies 15 4.1. Mobility 15 Table of Tables Case Study 17 Table 1: National Smart City Projects in Korea 9 4.2. Energy 17 Case Study 18 Table 2: Smart Cities Regulatory Sandbox 11 4.3. Education & Healthcare 19 Table 3: Key Services in National Smart City Case Study 20 Pilot Projects 14 4.4. Infrastructure 21 Case Studies 23 5. Market Entry Strategies 25 great.gov.uk 5 1. Introduction Smart cities are a key part of the Korean A Smart City Synergy Alliance consisting of 113 government’s industrial policy. President companies was created in February 2019 to Moon Jae-in’s government has announced coordinate with local and national governments on two smart city pilot projects in Busan and the platforms, components and services for these Sejong City worth a combined GBP 3bn, of projects. Vendor selection will take place for both projects in late 2019. Construction will begin shortly which GBP 1.8bn is to be provided by national thereafter and the first residents are expected to government funding approved in late 2018. move in before the end of 2021. Foreign suppliers President Moon sees smart cities as an are welcome to take part, so now is the perfect time essential component for improving the quality for UK companies with compelling technologies and of citizens’ lives and as a means to grow solutions to start developing their contacts and Korea’s economy through the development market entry strategies. and commercialisation of emerging fourth Key areas of opportunity for UK companies include industrial revolution (4IR) technologies. the main components of smart city projects, Significant political support has been given to such as autonomous vehicles, smart grids, national smart city projects and the Ministry renewable energy, drones and robotics, as well of Land, Infrastructure and Transportation is as the technologies enabling these services, such motivated to finish the flagship projects before as data analytics, AI, blockchain and IoT. Major the end of President Moon’s term in 2022. stakeholders, including the national pilot projects, The Korean government has created regulatory major telecommunication service providers and the sandboxes in both Busan and Sejong, suspending Presidential Committee on the Fourth Revolution regulations to facilitate the deployment of next- (PCFIR), have confirmed an interest in partnering generation technologies from domestic and with UK companies in smart city projects. overseas firms. If the pilot projects that are rolled UK companies seeking to participate in Korean out under these sandboxes are successful, the smart city projects should look to develop the regulations may be revised nationwide to spur market as early as possible to ensure that they are the development of smart city projects by other able to capitalize on opportunities. The timeline for regional and municipal governments. With such the completion of the flagship smart city projects rapid change brought on by the 4IR, the Korean is short, with a maximum of two years allocated for government has recognized that its regulatory construction. Details about the services offered by approach is inadequate. To date, new and disruptive each smart city will be finalized in late 2019 along business models have required prior authorization with the process for vendor selection, meaning that but the government is moving toward a negative- UK companies will need to be in position by the listing regulatory approach for technologies autumn of 2019 if they are to be successful. surrounding the 4IR whereby new solutions and business models are deemed legal unless specifically prohibited by law. 6 Smart Cities 2. Korea – An Overview KEY POINTS • Korea has climbed out of poverty to become a technology powerhouse over the last 60 years • The country is the world’s 11th largest economy with a GDP of just over GBP 1 trillion • It has maintained an annual GDP growth rate of around 3% in recent years In the space of just 60 years, Korea has With a population of 51 million people, Korea transitioned from an agricultural economy to one boasts the 11th largest economy in the world, a driven by high-value industries such as automotive, GDP of GBP 1.2 trillion in 2018 and a per capita shipbuilding and advanced manufacturing. GDP of GBP 22,980 in the same year. Whilst not Perhaps most remarkable of all is the country’s experiencing the growth witnessed in China, the success in the areas of electronics and information country has maintained strong annual growth for a communications. As well as dominating the global developed economy of close to 3% in recent years, semiconductor industry, Korea has leap-frogged its outpacing its regional rival, Japan. Korea’s trade peers in terms of ICT infrastructure (smartphone dependency ratio is extremely high at over 80% penetration rate, broadband speed, etc.) and this and its economic performance is heavily affected fact, coupled with a demanding and technology- by the economies of China, the US and Japan. embracing population, means Korea is becoming an Trade and investment flows between Korea and the economy driven by creativity and innovation. EU are growing as a result of the FTA that came into effect in 2011. Trade between Korea and the UK specifically has grown rapidly over that period and both countries have expressed a strong desire to conclude a trade deal once the UK leaves the EU. Figure 1: Korean GDP per Capita (2013 – 2018) Unit: % Unit: USD 1M 1,600 4 1,500 3.3 3 1,400 2.9 2.8 2.9 3.1 1,300 2.7 2 1,200 1,100 1 1,000 0 0 2013 2014 2015 2016 2017 2018 Real GDP (current USD) Growth (%) Source: World Bank great.gov.uk 7 3. Smart Cities in Korea Smart cities are a strategic component of the 3.1 Government Initiatives Korean government’s national economic policy The 2018 Act on the Promotion of Smart for the fourth industrial revolution. The Korean City Development and Industry, commonly government is seeking to grow Korea’s economic known as the Smart City Act, creates an open- competitiveness through the development and ended definition of a smart city as consisting commercialisation of emerging 4IR technologies of interconnected services and facilities that such as big data and data analytics, artificial improve competitiveness and quality of life. This intelligence (AI), the Internet of things (IoT) and definition gives significant power to individual blockchain. Smart city projects offer a way for cities and projects to determine key components the Korean government to develop its strengths and themes, effectively making smart city in these areas through the development and initiatives a fluid platform for the delivery of commercial deployment of these technologies, diverse connected services. much as it did with the core ICT infrastructure in the late 1990s. The government forecasts a total of GBP 68bn in economic effects from smart city projects by 2030 out of a total of GBP 422bn from Industry Insider’s Thoughts the fourth industrial revolution as a whole. The overall position of the government Korean smart cities have their roots in the U-City (Ubiquitous City) of the 2000s. The U-City was “is to provide the infrastructure and let Korea’s first attempt at the integration of different citizens decide what they want to do with the services in a city through ICT, with the benefits technology. The spectrum of use scenarios is of greater convenience, better quality of life very wide. and savings through the integration of different Prof. Kabsung Kim, Chief Advisor, Korean Smart Cities systems. Early examples of services included ” Special Committee, Presidential Committee on the real-time information on bus and train arrival Fourth Industrial Revolution for passengers, integrated traffic management, including the enforcement of traffic violations, as well as the ability to access government services online. A five-year U-City Master Plan was issued The Ministry of Land, Infrastructure and in 2009, along with GBP 332m in funding, and led Transportation (MOLIT) is the government body to the nationwide development and adoption of responsible for coordinating smart city policy U-city services.
Load more

Recommended publications
  • WELLS FARGO MASTER TRUST Form NPORT-P Filed 2020-07-30
    SECURITIES AND EXCHANGE COMMISSION FORM NPORT-P Filing Date: 2020-07-30 | Period of Report: 2020-05-31 SEC Accession No. 0001145549-20-043454 (HTML Version on secdatabase.com) FILER WELLS FARGO MASTER TRUST Mailing Address Business Address 525 MARKET STREET 525 MARKET STREET CIK:1087961| IRS No.: 000000000 | State of Incorp.:DE | Fiscal Year End: 1231 12TH FLOOR 12TH FLOOR Type: NPORT-P | Act: 40 | File No.: 811-09689 | Film No.: 201061164 SAN FRANCISCO CA 94105 SAN FRANCISCO CA 94105 800-222-8222 Copyright © 2020 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Wells Fargo Bloomberg Barclays US Aggregate ex-Corporate Portfolio Portfolio of investments May 31, 2020 (unaudited) Interest rate Maturity date Principal Value Agency Securities : 37.37% FFCB 1.46 % 3-3-2023 $210,000 $211,381 FFCB 1.84 9-9-2022 10,000 10,027 FFCB 1.85 3-3-2022 70,000 70,188 FFCB 1.90 6-24-2021 70,000 71,165 FHLB 1.13 7-14-2021 120,000 121,263 FHLB 2.13 6-9-2023 70,000 73,787 FHLB 2.13 9-14-2029 80,000 86,891 FHLB 2.38 9-8-2023 30,000 31,992 FHLB 2.50 3-11-2022 350,000 364,015 FHLB 2.50 12-8-2023 20,000 21,522 FHLB 2.75 12-13-2024 10,000 11,034 FHLB 3.00 10-12-2021 70,000 72,687 FHLB 3.00 3-10-2028 10,000 11,501 FHLB 3.38 9-8-2023 30,000 32,970 FHLB 3.38 12-8-2023 280,000 309,225 FHLB 5.38 8-15-2024 690,000 830,557 FHLB 5.63 6-11-2021 10,000 10,557 FHLB 5.63 3-14-2036 10,000 15,462 FHLMC 2.38 1-13-2022 20,000 20,702 FHLMC 2.50 3-1-2032 3,143,675 3,296,980 FHLMC 2.50 2-1-2035 1,686,516 1,766,043 FHLMC 2.75
    [Show full text]
  • Metro Lines in Gyeonggi-Do & Seoul Metropolitan Area
    Gyeongchun line Metro Lines in Gyeonggi-do & Seoul Metropolitan Area Hoeryong Uijeongbu Ganeung Nogyang Yangju Deokgye Deokjeong Jihaeng DongducheonBosan Jungang DongducheonSoyosan Chuncheon Mangwolsa 1 Starting Point Destination Dobongsan 7 Namchuncheon Jangam Dobong Suraksan Gimyujeong Musan Paju Wollong GeumchonGeumneungUnjeong TanhyeonIlsan Banghak Madeul Sanggye Danngogae Gyeongui line Pungsan Gireum Nowon 4 Gangchon 6 Sungshin Baengma Mia Women’s Univ. Suyu Nokcheon Junggye Changdong Baekgyang-ri Dokbawi Ssangmun Goksan Miasamgeori Wolgye Hagye Daehwa Juyeop Jeongbalsan Madu Baekseok Hwajeong Wondang Samsong Jichuk Gupabal Yeonsinnae Bulgwang Nokbeon Hongje Muakjae Hansung Univ. Kwangwoon Gulbongsan Univ. Gongneung 3 Dongnimmun Hwarangdae Bonghwasan Sinnae (not open) Daegok Anam Korea Univ. Wolgok Sangwolgok Dolgoji Taereung Bomun 6 Hangang River Gusan Yeokchon Gyeongbokgung Seokgye Gapyeong Neunggok Hyehwa Sinmun Meokgol Airport line Eungam Anguk Changsin Jongno Hankuk Univ. Junghwa 9 5 of Foreign Studies Haengsin Gwanghwamun 3(sam)-ga Jongno 5(o)-gu Sinseol-dong Jegi-dong Cheongnyangni Incheon Saejeol Int’l Airport Galmae Byeollae Sareung Maseok Dongdaemun Dongmyo Sangbong Toegyewon Geumgok Pyeongnae Sangcheon Banghwa Hoegi Mangu Hopyeong Daeseong-ri Hwajeon Jonggak Yongdu Cheong Pyeong Incheon Int’l Airport Jeungsan Myeonmok Seodaemun Cargo Terminal Gaehwa Gaehwasan Susaek Digital Media City Sindap Gajwa Sagajeong Dongdaemun Guri Sinchon Dosim Unseo Ahyeon Euljiro Euljiro Euljiro History&Culture Park Donong Deokso Paldang Ungilsan Yangsu Chungjeongno City Hall 3(sa)-ga 3(sa)-ga Yangwon Yangjeong World Cup 4(sa)-ga Sindang Yongmasan Gyeyang Gimpo Int’l Airport Stadium Sinwon Airprot Market Sinbanghwa Ewha Womans Geomam Univ. Sangwangsimni Magoknaru Junggok Hangang River Mapo-gu Sinchon Aeogae Dapsimni Songjeong Office Chungmuro Gunja Guksu Seoul Station Cheonggu 5 Yangcheon Hongik Univ.
    [Show full text]
  • Spatial Variations in Fertility of South Korea: a Geographically Weighted Regression Approach
    International Journal of Geo-Information Article Spatial Variations in Fertility of South Korea: A Geographically Weighted Regression Approach Myunggu Jung 1 , Woorim Ko 2, Yeohee Choi 3 and Youngtae Cho 2,* 1 Department of Population Health, London School of Hygiene and Tropical Medicine, London WC1E 7HT, UK; [email protected] 2 Department of Public Health Science, Graduate School of Public Health, Seoul National University, Seoul 08826, Korea; [email protected] 3 Department of Social Welfare, Graduate School of Social Welfare, Ewha Womans University, Seoul 03760, Korea; [email protected] * Correspondence: [email protected]; Tel.: +82-2-880-2820 Received: 5 May 2019; Accepted: 4 June 2019; Published: 5 June 2019 Abstract: South Korea has witnessed a remarkable decline in birth rates in the last few decades. Although there has been a large volume of literature exploring the determinants of low fertility in South Korea, studies on spatial variations in fertility are scarce. This study compares the Ordinary Least Squares (OLS) and Geographically Weighted Regression (GWR) models to investigate the potential role of the spatially heterogeneous response of the total fertility rate (TFR) to sociodemographic factors. The study finds that the relationships between sociodemographic factors and TFRs in South Korea vary across 252 sub-administrative areas in terms of both magnitude and direction. This study therefore demonstrates the value of using spatial analysis for providing evidence-based local-population policy options in pursuit of a fertility rebound in South Korea. Keywords: low fertility; spatial analysis; GIS; regional fertility differentials; total fertility rate 1. Introduction In the last few decades, South Korea has witnessed a remarkable decline in birth rates.
    [Show full text]
  • Potential Role of Social Distancing in Mitigating Spread of Coronavirus Disease, South Korea Sang Woo Park, Kaiyuan Sun, Cécile Viboud, Bryan T
    Potential Role of Social Distancing in Mitigating Spread of Coronavirus Disease, South Korea Sang Woo Park, Kaiyuan Sun, Cécile Viboud, Bryan T. Grenfell, Jonathan Dushoff 20–March 16. We transcribed daily numbers of reported In South Korea, the coronavirus disease outbreak peaked at the end of February and subsided in mid-March. We cases in each municipality from Korea Centers for Dis- analyzed the likely roles of social distancing in reducing ease Control and Prevention (KCDC) press releases (1). transmission. Our analysis indicated that although trans- We also transcribed partial line lists from press releases mission might persist in some regions, epidemics can by KCDC and municipal governments. All data and be suppressed with less extreme measures than those code are stored in a publicly available GitHub reposi- taken by China. tory (https://github.com/parksw3/Korea-analysis). We compared epidemiologic dynamics of COV- he first coronavirus disease (COVID-19) case in ID-19 from 2 major cities: Daegu (2020 population: 2.4 TSouth Korea was confirmed on January 20, 2020 million) and Seoul (2020 population: 9.7 million). Dur- (1). In the city of Daegu, the disease spread rapidly ing January 20–March 16, KCDC reported 6,083 cases within a church community after the city’s first case from Daegu and 248 from Seoul. The Daegu epidemic was reported on February 18 (1). Chains of transmis- was characterized by a single large peak followed by a sion that began from this cluster distinguish the epi- decrease (Figure 1, panel A); the Seoul epidemic com- demic in South Korea from that in any other country.
    [Show full text]
  • Kook Jin Moon Delivers a Speech at a Meeting of the Korean Ambassadors for Peace Council – in the Jeolla Region
    Tongil Group News 2011 Inherit the true love of God! TToonnggiill GGrroouupp NNeewwsslleetttteerr Tongil Group http://www.tongilgroup.org Information: [email protected] COPYRIGHTⓒ TONGIL GROUP ALL RIGHTS RESERVED True Parents’ Recent Activities ❇ Dedication Ceremony of the Ocean Cheonjeong Palace Hotel on Geomun Island on 8.15 by the heavenly calendar (Monday, September 12) The dedication ceremony of the Ocean Cheonjeong Palace Hotel on Geomun Island began at 10:30 AM on 8.15 (by the heavenly calendar) at the newly built hotel located in Deokchon Hamlet, Samsan Village in Yeosu City, South Jeolla Province. More than three thousand people attended, including members of the American Clergy Leadership Conference (ACLC), church members, core members of the Tongil Group, chief executives of our providential organizations and corporations, ambassadors for peace, Japanese leaders, leading celebrities of the local Yeosu region, and local residents of Geomun Island. 1 / 18 The dedication ceremony proceeded in the order of 1) a tape-cutting ceremony, 2) the main event and 3) a commemorative luncheon. After the tape-cutting ceremony, True Parents personally sanctified the whole hotel, and then True Father wrote a blessing in calligraphy using the Chinese characters won, mo, pyeong and ae (an unofficial translation: harmonious mother’s peaceful love). 2 / 18 As a pioneer of ocean development who has dedicated himself to fulfilling God’s providence with his whole heart and effort, tirelessly, even during an intense storm, True Father frequently emphasized in his speech that the ocean would be a reservoir of food resources for the 6.5 billion people of the world in the 21st century.
    [Show full text]
  • The Saemangeum Tideland Reclamation
    AGING OF DEVELOPMENT: THE SAEMANGEUM TIDELAND RECLAMATION PROJECT (STRP) IN SOUTH KOREA AND SUSTAINABLE DEVELOPMENT OF THE TWO TOWNSHIPS IN AND OUT OF THE STRP A Dissertation by IN HUCK CHOI Submitted to the Office of Graduate Studies of Texas A&M University in partial fulfillment of the requirements for the degree of DOCTOR OF PHILOSOPHY May 2012 Major Subject: Anthropology AGING OF DEVELOPMENT: THE SAEMANGEUM TIDELAND RECLAMATION PROJECT (STRP) IN SOUTH KOREA AND SUSTAINABLE DEVELOPMENT OF THE TWO TOWNSHIPS IN AND OUT OF THE STRP Copyright 2012 In Huck Choi AGING OF DEVELOPMENT: THE SAEMANGEUM TIDELAND RECLAMATION PROJECT (STRP) IN SOUTH KOREA AND SUSTAINABLE DEVELOPMENT OF THE TWO TOWNSHIPS IN AND OUT OF THE STRP A Dissertation by IN HUCK CHOI Submitted to the Office of Graduate Studies of Texas A&M University in partial fulfillment of the requirements for the degree of DOCTOR OF PHILOSOPHY Approved by: Chair of Committee, Cynthia Werner Committee Members, Norbert Dannhaeuser Amanda Stronza D. Bruce Dickson Head of Department, Cynthia Werner May 2012 Major Subject: Anthropology iii ABSTRACT Aging of Development: the Saemangeum Tideland Reclamation Project (STRP) in South Korea and Sustainable Development of the Two Townships in and out of the STRP. (May 2012) In Huck Choi, B.S., Seoul National University; M.A., Texas A&M University Chair of Advisory Committee: Dr. Cynthia Werner Is the biggest tideland reclamation project in the world (the STRP) sustainable? Since 1991, the STRP which aims at converting mudflats into 401 km2 farmland and industrial complex has been carried out in the southwestern coast of South Korea.
    [Show full text]
  • Choosing the Right Location Page 1 of 4 Choosing the Right Location
    Choosing The Right Location Page 1 of 4 Choosing The Right Location Geography The Korean Peninsula lies in the north-eastern part of the Asian continent. It is bordered to the north by Russia and China, to the east by the East Sea and Japan, and to the west by the Yellow Sea. In addition to the mainland, South Korea comprises around 3,200 islands. At 99,313 sq km, the country is slightly larger than Austria. It has one of the highest population densities in the world, after Bangladesh and Taiwan, with more than 50% of its population living in the country’s six largest cities. Korea has a history spanning 5,000 years and you will find evidence of its rich and varied heritage in the many temples, palaces and city gates. These sit alongside contemporary architecture that reflects the growing economic importance of South Korea as an industrialised nation. In 1948, Korea divided into North Korea and South Korea. North Korea was allied to the, then, USSR and South Korea to the USA. The divide between the two countries at Panmunjom is one of the world’s most heavily fortified frontiers. Copyright © 2013 IMA Ltd. All Rights Reserved. Generated from http://www.southkorea.doingbusinessguide.co.uk/the-guide/choosing-the-right- location/ Tuesday, September 28, 2021 Choosing The Right Location Page 2 of 4 Surrounded on three sides by the ocean, it is easy to see how South Korea became a world leader in shipbuilding. Climate South Korea has a temperate climate, with four distinct seasons. Spring, from late March to May, is warm, while summer, from June to early September is hot and humid.
    [Show full text]
  • (ITPP) by Junseok Hwang
    Education for Global Leadership International Technology Professional Program (ITPP) Junseok Hwang Seoul National University Professor, International Technology Professional Program (ITPP), Technology Management, Economics, and Policy Program (TEMEP), Director, Global R&DB Center (GRC) History of Program ▪ Global IT Policy Program (ITPP) of Seoul National University(SNU) and Global IT Technology Program (ITTP) of KAIST are international scholarship and education programs sponsored by Ministry of Science and ICT, Republic of Korea. Program Overview International IT Policy and Technology Program (ITPP & ITTP) http://gii.snu.kaist.ac.kr/html/gii/index.html El Salvador Nicaragua Gambia Libya International IT Policy and Technology Program (ITPP & ITTP) ITPP &ITTP 4.0 Leading Global Innovation 4.0 (2017 ~ ) Strategies • GII Network Expansion Leading Global • Technology Commercialization Innovation 4.0 (MSIT) • ICT Policy Research Industry 4.0 - Intelligent Information Technology I-Korea 4.0 Last 15 years - Global R&D • Global Hub for Science & ICT ITPP & ITTP 1.0 ITPP & ITTP 2.0 Global Research & Collaboration (2003-2007) ITPP & ITTP 3.0 Innovation (2008-2017) Network Program Building Collaboration Building Building (MIC) (MKE, MSIP, KCC) Pro-Korean Policy Industry Collaboration New Challenges as a global innovation leader in the Science and ICT 4th Industrial Revolution • Hyper-connected Society with Intelligence • ICT convergence with knowledge-information sector ‘Preciseness’ ‘Inclusiveness’ V 2I ‘Innovativeness’ A ‘Professional’ Digitalization
    [Show full text]
  • Corporate Hierarchies, Genres of Management, and Shifting Control in South Korea’S Corporate World
    Ranks & Files: Corporate Hierarchies, Genres of Management, and Shifting Control in South Korea’s Corporate World by Michael Morgan Prentice A dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy (Anthropology) in The University of Michigan 2017 Doctoral Committee: Associate Professor Matthew Hull, Chair Associate Professor Juhn Young Ahn Professor Gerald F. Davis Associate Professor Michael Paul Lempert Professor Barbra A. Meek Professor Erik A. Mueggler Michael Morgan Prentice [email protected] ORCID: 0000-0003-2981-7850 © Michael Morgan Prentice 2017 Acknowledgments A doctoral program is inexorably linked to the document – this one – that summarizes the education, research, and development of a student and their ideas over the course of many years. The single authorship of such documents is often an aftereffect only once a text is completed. Indeed, while I have written all the words on these pages and am responsible for them, the influences behind the words extend to many people and places over the course of many years whose myriad contributions must be mentioned. This dissertation project has been generously funded at various stages. Prefield work research and coursework were funded through summer and academic year FLAS Grants from the University of Michigan, a Korea Foundation pre-doctoral fellowship, and a SeAH-Haiam Arts & Sciences summer fellowship. Research in South Korea was aided by a Korea Foundation Language Grant, a Fulbright-IIE Research grant, a Wenner-Gren Dissertation Fieldwork Grant, and a Rackham Centennial Award. The dissertation writing stage was supported by the Rackham Humanities fellowship, a Social Sciences Research Council Korean Studies Dissertation Workshop, and the Core University Program for Korean Studies through the Ministry of Education of the Republic of Korea and Korean Studies Promotion Service of the Academy of Korean Studies (AKS-2016-OLU-2240001).
    [Show full text]
  • Changes and Continued Growth of Foreign Investment
    The Top 20 Korean Multinationals: Changes and Continued Growth of Foreign Investment Seoul and New York, March 5, 2015 Graduate School of International Studies at Seoul National University in Seoul, and the Columbia Center on Sustainable Investment (CCSI), a joint center of the Columbia Law School and the Earth Institute at Columbia University in New York, are releasing the results of their survey of Korean multinationals today. The survey, conducted during 2014, is part of a long-term study of the rapid global expansion of multinational enterprises (MNEs) from emerging markets.1 The research for this report was conducted in 2014 and covers the period from 2011 to 2013.2 Highlights In 2013, the top 20 Korean multinationals, ranked by their foreign assets (See Table 1), jointly held US$68.9 billion assets abroad.3 Most firms were subsidiaries of Korea’s eight leading business groups (or chaebols), including Samsung, POSCO, LG, Hyundai Heavy Industries, Hyundai-Kia Motors, SK, Lotte, and Hyosung Group. Five out of the 20 multinationals were also included in UNCTAD’s “Top 100 non-financial TNCs from developing and transition economies” in 2012.4 The average age of the top 20 firms is about 47 years, which is two times the average age of Korea’s top 1,000 firms (ranked in terms of total assets). There is a high concentration by the top players in the list in terms of foreign assets. Among the top 20 companies, Samsung Electronics, POSCO, and Hyundai Motor Company ranked in the top three in that order. There was a significant difference between first and second place, with the foreign assets of Samsung Electronics more than doubling that of POSCO.
    [Show full text]
  • World Bank Document
    .) SC'13 -1 L:;lPA._ E. Public Disclosure Authorized LSUrSD Lic) C..L\.JI8 | YNLF Pt{FORAANCU OF LOCAL GUVBRNAENTS LI TIUE <~)(EGLOt'4: ftiF_'LC: PIUJNS £00. LIeA ECO&CE 1ITRATfUNq POIC,IU Public Disclosure Authorized by Douig t,oon Chlu Kvung-iLan Kim and Kyu 3ik Lee Public Disclosure Authorized November 1985 et-r Spply -m- b Deve lor.n)-etLt De p aC:ie Up.raIL`ons t-3licy Staff Thle. -iorid Barl Public Disclosure Authorized LL- r t:C L c -eUi, ct :3 ;-;i 'I.-,1U E oLf)i.s lin n. t ; - ''.-.oip- r.....-.i id-'E ; . .-it0l¢.'', ''41. Doio. ilooni Cr!uni. Associate Prof&ssor of -conroinicu at K(,ailng, iee UJniversity, Seoul, worked on this paper w7hiik he 1J7as a consultant at the 'lorld Bank. ry.-un';g-A{wan Kim is a Ph.D. candidate in Economrics at Princ,aon University. Kyu Sik Lee, a :Senior E ':oiomist in the Water Supply and Urban DeveloumeTit, The World B3ank, s rectcd tne industrial Locatiton Policies Research Project. Kyuee-ria Pehk participated in compiling various data used. MIrs. Morallina F. George typed the manuscript. .L\ies'-: aLCc Project No . RPo 672-91 .LK.esaeLcl Project Name: An Evaluation of Industrial Location Policies for Urban Deconcentration Abstract This paper analyzes the avai Lable data on local finances for Seoul and its satellite cities. The paper documents the trends of revenues and expenditures for 1973-1982 to study the fiscal performance of individual local governments compared with that of Seoul. The findings indicate that the rapidly growing satellite cities outperformed Seoul in terms of their ability to generate revenues owing largely to thte increased tax bases.
    [Show full text]
  • Economy & Business in Gyeonggi-Do
    [Understanding] The Future of Korea, How Gyeonggi-do Leading the Country more info : www.gyeonggido-korea.com Let's understand about Gyeonggi-do. Not only for Koreans but also people in the world, Gyeonggi-do provides people opportunities and better life. Gyeonggi-do is the province surrounding the capital of South Korea, Seoul. It is the most populated province of Korea having about 13 million inhabitants, more than one-fifth of the entire Korean population. The province has played an important role since 18 BCE when the country was divided into three kingdoms and still plays a vital role for tourism, business, economy and technology in current day South Korea. Economy & Business in Gyeonggi-do Gyeonggi-do is a hub for industry in Korea and ranges from heavy industry (chemical, steel, electronics, machinery) to textile industry, IT, farming, livestock and fisheries. More than a quarter of all Korea’s small and medium-sized companies are located in Gyeonggi-do province and the province is becoming more and more important with the expansion of the Northeast Asian economies. night pangyo Pangyo Techno Valley 1. Gyeonggi-do, the hub of economy and industry Gyeonggi-do lies at the heart of the Korean economy and has the highest GRDP among all other provinces on the South Korean peninsula. Additionally, it has the fastest annual GRDP growth rate in comparison with other provinces and even Seoul Special City. Industry is evenly spread around the province and consists of major companies like Suwon Samsung Semiconductor, Hyundai KIA in Uiwang, Paju's LG Corporation LCD Complex, Icheon's SK Hynix.
    [Show full text]