Digitalization and Global Value Chains in the Korean Manufacturing

Total Page:16

File Type:pdf, Size:1020Kb

Digitalization and Global Value Chains in the Korean Manufacturing Research Report 2018-877 Digitalization and Global Value Chains in the Korean Manufacturing Jaehan Cho & Stacey Frederick et al. December 2018 0321연구보고서_조재한(GVCC-KIET)-최종.indd 1 2019. 3. 21. 오후 6:22 Research Team Korea Institute for Industrial Economics & Trade ·Jaehan Cho ·Inchul Kim ·Sunin Jung ·Hanhin Kim Duke University Global Value Chains Center ·Stacey Frederick ·Penny Bamber ·Gary Gereffi Note to all interested parties The following report was originally published as part of a multipart collaborative research effort between the Duke Global Value Chains Center (hereafter referred to as GVCC) and the Korea Institute for Industrial Economics and Trade (hereafter referred to as KIET) under the working title The Digital Economy, Global Value Chains and Asia. The content of the following work, including references, is identical to the afore- mentioned work jointly published by GVCC and KIET; as only the title has been changed. Please be advised of possible redundancies in scholarly indices. Access to the original publication is available at: <https://gvcc.duke.edu/cggclisting/the- digital-economy-global-value-chains-implications-for-korea/> Korea Institute for Industrial Economics and Trade (KIET) Sejong National Research Complex, 370, Sicheong-daero, Sejong-si, 30147, Korea Tel : 82-44-287-3114 Fax : 82-44-287-3333 URL : http://www.kiet.re.kr Research Report 2018-877 Digitalization and Global Value Chains in the Korean Manufacturing Published on December 7, 2018 in Korea by KIET ISBN 979-11-965922-8-8 93320 0321연구보고서_조재한(GVCC-KIET)-최종.indd 2 2019. 3. 21. 오후 6:01 Preface The fourth industrial revolution is expected to bring about sig- nificant changes to the global economy. With the advent of new technologies and the creation of new businesses, digital compa- nies have emerged as key players in global value chains (GVCs) and are poised to lead the digital economy. In 2017, the annual World Investment Report of the United Nations Conference on Trade and Development described the rise of technology-cen- tered digital companies, some of which now rank among the world’s foremost multinational enterprises. Digitalization led by these multinationals will break down boundaries across conven- tional industries globally. This report examines the GVCs of the digital economy and how they influence the adoption of new technologies in tradi- tional manufacturing sectors. With its advanced new technolo- gies, the Fourth Industrial Revolution creates opportunities for a wide range of businesses in both traditional and new sectors, including new services in various end markets. These changes 0321연구보고서_조재한(GVCC-KIET)-최종.indd 3 2019. 3. 21. 오후 6:01 carry implications for most countries involved in GVCs, and es- pecially for Korea. This report is a collaboration between the Korea Institute for Industrial Economics and Trade (KIET) and the Global Value Chains Center (GVCC) at Duke University, headed by Dr. Jae- han Cho at KIET and Dr. Stacey Frederick at GVCC. And this report would not have been possible without the valuable con- tributions of a large group of talented researchers, including Dr. Inchul Kim, Sunin Jung and Hanhin Kim at KIET and Dr. Gary Gereffi and Ms. Penny Bamber. This report is to provide a framework and definition for evalu- ating the digital economy and how it influences industrial struc- ture. Furthermore, it seeks to describe the implications for Korea, and how the country might best position itself to both face up- coming challenges and take advantage of future opportunities. I would also like to thank Dr. Sungwook Hong at KIET, Dr. Kwanho Shin at Korea University, Dr. Joonkoo Lee at Hanyang University, Dr. Heylin Choi at the Korea Institute for International Economic Policy and other researchers both outside and inside of KIET who reviewed the draft report and gave helpful comments. Finally, the content and the arguments in this report constitute the views of their authors alone and do not reflect the official position of KIET. 2018 December Dr. Ji-sang Chang President of KIET 0321연구보고서_조재한(GVCC-KIET)-최종.indd 4 2019. 3. 21. 오후 6:01 Table of Contents Executive Summary ........................................................................ 11 Chapter 1. Introduction ...................................................................... 17 Chapter 2. Definitions and Methodology ......................................... 22 2.1. Definitions ........................................................................ 22 2.2. Methodology .................................................................... 24 Chapter 3. The Digital Economy and Global Value Chains ............. 27 3.1. Mapping the Digital Economy Global Value Chain ............ 33 3.1.1. Software (Traditional; Transition Firms) ......................... 39 3.1.2. IT Services (Traditional to Digital) ................................. 42 3.1.3. Platforms; Internet Software & Services (New) ................ 47 3.2. Digital Transformation in the Industrial Equipment Market ........ 52 3.2.1. Key Players .......................................................... 53 3.2.2. Emergence of New Digital Services for Industrial Equipment .. 60 Chapter 4. Lead Firms and Company Case Studies ......................... 70 4.1. Internal Workforce Development and R&D Spending .............. 72 4.2. Mergers and Acquisitions ..................................................... 82 4.3. Start-ups, Venture Capital and Investments ........................... 84 ............................................................... 4.4. Collaborations 93 ........ 4.5. Collaboration for Interoperability and Conflicts of Interest 99 ...................... 4.6. Entry and Upgrading in the Digital Economy 103 0321연구보고서_조재한(GVCC-KIET)-최종.indd 5 2019. 3. 21. 오후 6:01 Chapter 5. Human Capital and Workforce Development ............. 107 5.1. Workforce Gap ............................................................... 114 5.2. Certifications ................................................................... 118 Chapter 6. Geographic Analysis: Country Findings ........................ 120 6.1. National Policies ............................................................. 120 6.2. Singapore ....................................................................... 134 6.3. India ............................................................................... 136 6.4. China .............................................................................. 138 6.5. Korea: Key Takeaways ................................................... 141 6.5.1. Limited Participation in the Global Digital Economy 141 6.5.2. Korean Firms are often captive or closely tied to Korean MNEs, with few Independent Companies .. 147 6.5.3. Korean Firm Strategy is focused on Internal Development ........................................................ 148 6.5.4. Acquisitions and VC Investments are Uncommon in Korea ................................................................ 150 6.5.5. Korean Firms have few Partnerships and Collaborations (with other digital economy firms or with firms in other markets) ................................................... 152 Chapter 7. Recommendations .......................................................... 153 References ................................................................................... 163 Appendix ..................................................................................... 180 0321연구보고서_조재한(GVCC-KIET)-최종.indd 6 2019. 3. 21. 오후 6:01 List of Tables Table 3-1. Digital Economy Market Segments/Final Products, Values, 2017-18 .................................................................................... 34 Table 3-2. Digital Economy Infrastructure (Telecommunications, ISPs) ......... 36 Table 3-3. Software Segment Definitions and Market Estimates ..................... 40 Table 3-4. IT Services Segments, Companies and Market Values ................... 44 Table 3-5. Internet Software & Services (Platform, Search Engines, Cloud, e-Commerce) ............................................................................ 48 Table 3-6. Select Analytics Start-Ups ........................................................... 58 Table 3-7. Technology Layers in the Industrial Internet of Things ................. 64 Table 3-8. Capital Equipment GVCs Enhanced by Digital Business Models .... 67 Table 4-1. Characteristics of Lead Firms in the Digital Economy .................... 71 Table 4-2. Digital Firms and Industrials, R&D Expenses and Locations, 2017 . 73 Table 4-3. Total, Digital Economy and Industrial Revenue and R&D, 2012 and 2017 .......................................................................... 81 Table 4-4. Digital Firm & Industrials Acquisitions, Count and Value .............. 83 Table 4-5. Digital and Industrial Firm Investments, Count and Value ............. 88 Table 4-6. IIoT Start-Up Investment Activity, by Country, 2009-2018 ............. 93 Table 4-7. Digital Firm and Industrials Collaborations and Events ................. 95 Table 4-8. Digital Economy Strategies, Company Case Studies .................... 105 Table 5-1. Skills/Technical Focus Areas ..................................................... 109 Table 5-2. Employee Profile, Digital Economy GVC, 2017 ........................... 111 Table 5-3. Non-Computer Occupations in the Digital Economy Industries, 2017 ........................................................................................ 114 Table 6-1. Select Policies in Countries Leading Industry 4.0 ......................... 126 Table 6-2.
Recommended publications
  • 2014 ESG Integrated Ratings of Public Companies in Korea
    2014 ESG Integrated Ratings of public companies in Korea Korea Corporate Governance Service(KCGS) annouced 2014 ESG ratings for public companies in Korea on Aug 13. With the ESG ratings, investors may figure out the level of ESG risks that companies face and use them in making investment decision. KCGS provides four ratings for each company which consist of Environmental, Social, Governance and Integrated rating. ESG ratings by KCGS are graded into seven levels: S, A+, A, B+, B, C, D. 'S' rating means that a company has all the system and practices that the code of best practices requires and there hardly exists a possibility of damaging shareholder value due to ESG risks. 'D' rating means that there is a high possibility of damaging shareholder value due to ESG risks. Company ESG Integrated Company Name Code Rating 010950 S-Oil Corporation A+ 009150 Samsung Electro-Mechanics Co., Ltd. A+ 000150 DOOSAN CORPORATION A 000210 Daelim Industrial Co., Ltd. A 000810 Samsung Fire & Marine Insurance Co., Ltd. A 001300 Cheil Industries Inc. A 001450 Hyundai Marine&Fire Insurance Co., Ltd. A 005490 POSCO. A 006360 GS Engineering & Construction Corp. A 006400 SAMSUNG SDI Co., Ltd. A 010620 Hyundai Mipo Dockyard Co., Ltd. A 011070 LG Innotek Co., Ltd. A 011170 LOTTE CHEMICAL CORPORATION A 011790 SKC Co., Ltd. A 012330 HYUNDAI MOBIS A 012450 Samsung Techwin Co., Ltd. A 023530 Lotte Shopping Co., Ltd. A 028050 Samsung Engineering Co., Ltd. (SECL) A 033780 KT&G Corporation A 034020 Doosan Heavy Industries & Construction Co., Ltd. A 034220 LG Display Co., Ltd.
    [Show full text]
  • View Annual Report
    As filed with the Securities and Exchange Commission on March 29, 2019 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F (Mark One) ‘ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR È ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR ‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ‘ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report For the transition period from to Commission file number 001-37821 LINE Kabushiki Kaisha (Exact name of Registrant as specified in its charter) LINE Corporation Japan (Translation of Registrant’s name into English) (Jurisdiction of incorporation or organization) JR Shinjuku Miraina Tower, 23rd Floor 4-1-6 Shinjuku Shinjuku-ku, Tokyo, 160-0022, Japan (Address of principal executive offices) Satoshi Yano Telephone: +81-3-4316-2050; E-mail: [email protected]; Facsimile: +81-3-4316-2131 (Name, telephone, e-mail and/or facsimile number and address of company contact person) Securities registered or to be registered pursuant to Section 12(b) of the Act. Title of Each Class Name of Each Exchange on Which Registered American Depositary Shares, each representing New York Stock Exchange, Inc. one share of common stock Common Stock * New York Stock Exchange, Inc. * Securities registered or to be registered pursuant to Section 12(g) of the Act.
    [Show full text]
  • Download Content (PDF)
    CONTENT CONTENT RAISING THE BAR of Asian content with compelling vernacular originals that capture customers’ hearts INTEGRATED ANNUAL REPORT 2019 101 CONTENT 2018 was a huge year for our movies as our films collectively grossed over RM100 million in local cinemas We continue to captivate viewers’ imagination through our Box office champion comprehensive and eclectic content spread underpinned by our Our movies led the way in FY19, grossing over RM100 million in key differentiator – our own signature vernacular IPs. We produced local cinemas. With 9% share of overall Malaysia GBO collection and commissioned over 12,600 hours of content serving our (comprising international and local releases) and over 60% share of demographically diverse customers across varied ethnic groups who local movies’ GBO collection, this represents our best performance speak various languages and dialects. to date. The simplicity of the narratives yet profound subject matters resonated well among with diverse audiences while uniting Overall viewership has increased in FY19 through the combination Malaysians at the cinemas. of linear, OD and OTT. Linear viewership, measured as TV viewership share remained resilient at 75%, supplemented by growing OD Our highest grossing movie ever, satirical horror movie Hantu Kak consumption as video downloads more than doubled to 54 million Limah was miles ahead of most major Hollywood franchise titles and OTT registered users increased 32% to 2.2 million. released in Malaysia in 2018, raking in RM38 million. Our top performing action flick, Paskal reignited the sense of patriotism Our movies have done exceptionally well in FY19 by setting new among Malaysians and collected RM30 million in ticket sales.
    [Show full text]
  • 55Th APPA Forum — Communiqué
    55th APPA Forum — Communiqué The Personal Information Protection Commission (PIPC) of the Republic of Korea hosted the 55th Asia Pacific Privacy Authorities (APPA) Forum on 16 to 18 June 2021. A wide range of issues were discussed at the Forum in response to a rapidly changing landscape where both data protection and safe use of data have become increasingly important in the digital economy, especially in the post Covid-19 recovery. The key themes discussed at the Forum are as follows: • The new normal post Covid-19. Although effective responses to the pandemic require the use of sensitive data of individuals such as health data, appropriate safeguards must be put in place to protect personal data, including by adhering to key data protection principles such as data minimisation, use limitation, data security and transparency. Public authorities processing vaccine passports and vaccine certificates that include individuals’ health data must also follow such principles. Discussion should also continue to prepare for the new normal post Covid-19. Page 1 of 12 • Use of emerging technologies and engagement with industry. APPA members shared the view that engagement with industry is essential to ensuring the protection of personal data in a rapid transition to digital economy that comes along with the increased use of emerging technologies such as artificial intelligence, digital identity and biometrics. Joint efforts will also continue across the Asia Pacific Region to ensure that the use of new technologies is in compliance with key data protection principles and to engage with controllers to encourage them to adapt to a changing regulatory landscape by supporting policy making and issuing guidelines.
    [Show full text]
  • KPMG Korea 2014 Transparency Report
    Transparency Report 2014 KPMG Korea Contents 1 WHO WE ARE ....................................................................................................................................................... 5 1.1 OUR BUSINESS ........................................................................................................................ 5 1.2 OUR STRATEGY ....................................................................................................................... 5 2 OUR STRUCTURE AND GOVERNANCE ................................................................................................................... 5 2.1 LEGAL STRUCTURE .................................................................................................................. 5 2.2 NAME AND OWNERSHIP ........................................................................................................ 5 2.3 GOVERNANCE STRUCTURE ..................................................................................................... 5 3 SYSTEM OF QUALITY CONTROL ............................................................................................................................ 6 3.1 TONE AT THE TOP ................................................................................................................... 7 3.1.1 Leadership responsibilities for quality and risk management .................................................................. 7 3.2 ASSOCIATION WITH THE RIGHT CLIENTS ...............................................................................
    [Show full text]
  • E-Commerce in South Korea: a Canadian Perspective
    E-COMMERCE IN SOUTH KOREA: A CANADIAN PERSPECTIVE REPORT PREPARED BY: Theresa Eriksson, Luleå University of Technology, Sweden Kristin Matheson, Luleå University of Technology, Sweden Dr. Leyland Pitt, Professor of Marketing, Beedie School of Business, Simon Fraser University Dr. Kirk Plangger, King’s College, London, UK Dr. Karen Robson, University of Windsor 1 2 TABLE OF CONTENTS EXECUTIVE SUMMARY 4 INTRODUCTION 5 SOUTH KOREA: THE COUNTRY, THE ECONOMY 7 METHODOLOGY 8 THE SOUTH-KOREAN E-COMMERCE CONTEXT 9 Customer Context 9 The E-commerce Shopping process 11 Products and Brands 15 Online Behaviour 16 Shopping Events and Timing 20 Main Stakeholders 24 Technology and Infrastructure Landscape 27 For Canadian Firms Contemplating E-commerce in South Korea: 32 Marketing Considerations FUTURE OUTLOOK 40 CONCLUSION 41 CASE STUDIES 42 Case Study I: Yogiyo 42 Case Study II: Pinkfong and Baby Shark 46 APPENDIX 53 Digital Technology in South Korea and Canada — A Comparison of Digital Device Ownership, Digital Media Consumption, and Digital Behaviour. ABOUT THE AUTHORS 68 3 EXECUTIVE SUMMARY This report focuses on e-commerce opportunities for Canadian firms in South Korea, one of the world’s most connected markets. Korea is not for the faint-hearted: consumers are very sophisticated and markets are very competitive. Nevertheless, for Canadian firms with excellent offerings and a willingness to provide excellent service, coupled with patience and an ability to build good relationships at all levels, Korea offers significant opportunities. The report proceeds as follows: First, it provides a broad overview of the nation of South Korea with particular focus on e-commerce and online connectivity in that country.
    [Show full text]
  • U.S. Sending Private Messages to Iran
    WWW.TEHRANTIMES.COM I N T E R N A T I O N A L D A I L Y 16 Pages Price 40,000 Rials 1.00 EURO 4.00 AED 39th year No.13545 Wednesday DECEMBER 4, 2019 Azar 13, 1398 Rabi’ Al thani 7, 1441 Intelligence Ministry Forex rate not to be Iran, Wilmots reach Iran’s National Orchestra to arrests members of changed significantly in deadlock over Team perform works by Armenian anti-Revolution network 2 next year’s budget 4 Melli’s future: official 15 composers in Tehran 16 Baqeri: Iran, China reviewing 25- See page 2 year strategic relations document TEHRAN — Mohammad Baqeri, chief tional Relations and cochairman of the U.S. sending of Staff of the Iranian Armed Forces, Iran-China Joint Military Commission. announced on Tuesday that Tehran and “Iran’s Leader views Tehran-Beijing Beijing are reviewing an important docu- relations as strategic. The Chinese pres- ment which will guarantee joint strategic ident has also similar view towards the cooperation for the next 25 years. issue,” Baqeri said. Major General Baqeri’s remarks came He further said, “Iran has drafted an in a meeting in Tehran with Lieutenant important document over the strategy of private General Xia Yoan Ming, the deputy com- 25 years of relationship between the two mander of the Chinese Army’s Interna- nations. 2 Iran starts issuing electronic visas messages for Pakistani citizens TEHRAN - Iran has launched an e-visa Point reported on Monday. system for Pakistani citizens in order to The main purpose of issuing e-visa facilitate their travels through abolishing for Pakistani citizens is to ensure more old-fashioned paper visas.
    [Show full text]
  • Boston San Francisco Munich London
    Internet & Digital Media Monthly August 2018 BOB LOCKWOOD JERRY DARKO Managing Director Senior Vice President +1.617.624.7010 +1.415.616.8002 [email protected] [email protected] BOSTON SAN FRANCISCO HARALD MAEHRLE LAURA MADDISON Managing Director Senior Vice President +49.892.323.7720 +44.203.798.5600 [email protected] [email protected] MUNICH LONDON INVESTMENT BANKING Raymond James & Associates, Inc. member New York Stock Exchange/SIPC. Internet & Digital Media Monthly TECHNOLOGY & SERVICES INVESTMENT BANKING GROUP OVERVIEW Deep & Experienced Tech Team Business Model Coverage Internet / Digital Media + More Than 75 Investment Banking Professionals Globally Software / SaaS + 11 Senior Equity Research Technology-Enabled Solutions Analysts Transaction Processing + 7 Equity Capital Markets Professionals Data / Information Services Systems | Semiconductors | Hardware + 8 Global Offices BPO / IT Services Extensive Transaction Experience Domain Coverage Vertical Coverage Accounting / Financial B2B + More than 160 M&A and private placement transactions with an Digital Media Communications aggregate deal value of exceeding $25 billion since 2012 E-Commerce Consumer HCM Education / Non-Profit + More than 100 public equities transactions raising more than Marketing Tech / Services Financial $10 billion since 2012 Supply Chain Real Estate . Internet Equity Research: Top-Ranked Research Team Covering 25+ Companies . Software / Other Equity Research: 4 Analysts Covering 40+ Companies RAYMOND JAMES / INVESTMENT BANKING OVERVIEW . Full-service firm with investment banking, equity research, institutional sales & trading and asset management – Founded in 1962; public since 1983 (NYSE: RJF) – $6.4 billion in FY 2017 revenue; equity market capitalization of approximately $14.0 billion – Stable and well-capitalized platform; over 110 consecutive quarters of profitability .
    [Show full text]
  • ENG AI Policy Initiative Report 210407.Indd
    Seoul National University 서울대학교 AI Policy Initiative 인공지능정책 이니셔티브 Report 활동보고서 2017 –2020 Seoul National University 서울대학교 AI Policy Initiative 인공지능정책 이니셔티브 Report 활동보고서 Table of Contents Introduction 04 Past Activities Seoul AI Policy Conference 2017–2020 08 2017 Conference 2018 Conference 2019 Conference 2020 Conference (Virtual) 2020 COVID-19 Webinar 16 SAPI Book Publishing Event – Data Ownership: Who Owns My Data? 18 SAPI Issue Paper Seminars 20 AI and Future Society Media Algorithm and Democracy Data Privacy Law Amendments: Pseudonymization, Research Utilization, Data Transaction Other Academic Events 24 DAIG (Data & AI Governance) Magazine Publication 28 Book Publication 30 Issue Paper Publication 32 Current Research Activities: Projects 34 Other Activities 38 Introduction 머리말 04 Various policy issues are being raised due to the rapid development of artificial intelligence technology and social changes resulting from its adoption. SNU AI Policy Initiative (SAPI) reviews and analyzes social challenges that the data-driven artificial intelligence technology will bring. SAPI aims to address these issues through interdisciplinary research by combining disciplines such as technology, humanities, social science, and law. SAPI launched in April 2017 with the vision of becoming a ‘Social Lab’, a research platform for various disciplines within the University. SAPI is leading research in the field of artificial intelligence & law and is actively engaged in joint research and cooperation with domestic and international experts in fields related
    [Show full text]
  • What Lies Beneath Baby Shark Song?: a Critical Analysis on Korean Society
    Parole: Journal of Linguistics and Education, 7 (1), 2017, 44-52 Available online at: http://ejournal.undip.ac.id/index.php/parole What Lies Beneath Baby Shark Song?: A Critical Analysis On Korean Society Muhammad Arif*, Sulis Triyono Yogyakarta State University, Jl. Colombo No.1, Caturtunggal, Depok, Caturtunggal, Kecamatan Depok, Kabupaten Sleman, Daerah Istimewa Yogyakarta, Indonesia 55281 ABSTRACT ARTICLE INFO This study aims to analyze a phenomenal song entitled “Baby Shark” Paper type: composed by the Pinkfong, a South Korean media startup. The song has Reseacrh Article become viral over children and adults alike. This research is undertaken to find out; the composer’s attitudes, the social relation among the participants, and Article history: the context of the situation in the discourse. The object of the study is obtained Received: 11 December 2017 from the whole lyrics. Then it is analyzed through Appraisals and Critical Revised: 19 February 2018 Discourse Analysis by connecting every single line to the intentional marketing Accepted: 2 March 2018 and social context. Finally, the conclusion shows that “Baby Shark” is a song about local wisdom education in Korea. The composer implicitly admires the Keywords: shark and uses it as metaphor of Korean people mindset. The composer intends . Baby Shark to give his full support and persuades the listener about hard working culture . Song in Korea. Lyrics . Appraisals . Critical Discourse Analysis 1. Introduction This children popular song was started off in 17 June 2016 on “Pinkfong Kids’ Songs and Stories” YouTube channel. It has circulated rapidly and widely from one Internet user to another on YouTube last year.
    [Show full text]
  • Appendix 4/1 Competition
    Appendices Appendix 1 - Case Study 6: Forks Over Knives Documentary Makes $739, 561 Domestic Gross, Upsell Events With $545 To $3,770 Price Per Ticket Forks Over Knives made $739,561 domestic gross. It is a documentary on changing animal-based diet to plant-based diet and the effects of this on diseases such as cancer and diabetes, according to Box Office Mojo which is an IMDB company. It received an IMBD rating of 7.8 out of 10 and a RottenTomatoes.com audience score of 78%. (28) They have a cooking course with a price of $399, as well as a mobile app. (29)(30) In addition, they make revenue by hosting events that teach about healthy living with a ticket price of $545 to $795 to as much as $3770 for a week-long event. (31)(32) Appendix 2 - Case Study 7: Dav Pilkey’s Children’s Book: The Dog Man Targeted For Ages 7 To 12 Stays On The New York Times Bestseller List For 52 Weeks, Captain Underpants Makes $73.92 Million The Dog Man is a children’s book by Dav Pilkey, which is targeted for ages 7 to 12 stays on the New York Times Bestseller List for 52 weeks. The same author also worked on Captain Underpants children’s books, which became a movie with a box office of $73.92 million USD. With over 62 children’s books, this shows that there is a large interest in the children’s books industry. (41)(42) (43) Appendix 3 - Case Study 8: The Baby Book: Everything You Need To Know About Your Baby From Birth To Age Two, Sells Over 1 Million Copies The book by William & Martha Sears sold over a million copies, targeting parents and selling not only the physical book, but also an Audiobook and an MP3 CD.
    [Show full text]
  • Agfiq Emerging Markets Equity ETF SUMMARY of INVESTMENT PORTFOLIO As at December 31, 2020
    AGF QUARTERLY PORTFOLIO DISCLOSURE AGFiQ Emerging Markets Equity ETF SUMMARY OF INVESTMENT PORTFOLIO As at December 31, 2020 AGFiQ Emerging Markets Equity ETF Percentage of Portfolio by Country Net Asset Value (%) China 42.7 South Korea 15.0 Taiwan 13.9 India 6.5 Brazil 5.7 South Africa 2.7 Malaysia 2.6 Russia 1.9 Indonesia 1.6 Poland 1.5 The Philippines 1.5 Greece 1.1 Thailand 1.0 Czech Republic 0.9 Cash & Cash Equivalents 0.9 Mexico 0.8 Turkey 0.7 Chile 0.4 Hungary 0.3 Percentage of Portfolio by Sector Net Asset Value (%) Information Technology 20.4 Financials 19.1 Consumer Discretionary 17.3 Communication Services 13.4 Materials 5.8 ETFs – International Equity 5.1 Consumer Staples 4.3 Health Care 4.2 Energy 4.1 Industrials 3.6 Real Estate 2.0 Utilities 1.5 Cash & Cash Equivalents 0.9 AGF QUARTERLY PORTFOLIO DISCLOSURE AGFiQ Emerging Markets Equity ETF (continued) SUMMARY OF INVESTMENT PORTFOLIO As at December 31, 2020 Percentage of Portfolio by Asset Mix Net Asset Value (%) International Equity 100.8 Cash & Cash Equivalents 0.9 Percentage of Top Holdings Net Asset Value (%) Tencent Holdings Limited 6.4 Alibaba Group Holding Limited 6.4 Taiwan Semiconductor Manufacturing Company Limited 6.1 Xtrackers Harvest CSI 300 China A-Shares ETF 5.1 Samsung Electronics Company Limited 4.6 Meituan 1.4 Ping An Insurance (Group) Company of China Limited 1.4 Naspers Limited 1.4 Vale SA 1.3 China Construction Bank Corporation 1.3 NCSoft Corporation 1.2 Infosys Limited 1.2 Industrial and Commercial Bank of China Limited 1.2 NAVER Corporation 1.2 POSCO 1.2 B3 SA – Brasil Bolsa Balcao 1.1 Wuxi Biologics Cayman Inc.
    [Show full text]