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在线翻译:
szdaily -> World Economy
South Korea moves to boost manufacturing
    2017-December-19  08:53    Shenzhen Daily

SOUTH KOREA’S trade ministry yesterday announced a plan to strengthen its manufacturing sector by expanding market entry into countries such as China and Russia, and boost funding for technologies including artificial intelligence (AI) and autonomous driving.

As the first detailed industrial policy plan announced since President Moon Jae-in was elected in May, the roadmap seeks to address weaknesses in Asia’s fourth-largest economy.

The ministry will encourage private investment by creating a 300-billion-won (US$275.60 million) fund by 2018, partly backed by the government as it tries to bolster the competitive edge of its manufacturers.

China and other emerging economies are making rapid inroads in key industries that export-driven South Korea has excelled in, including in semiconductors and display panels.

The ministry said it will expand market entry in China, Russia, central Asia and southeast Asian countries, targeting industries such as petrochemicals, infrastructure, tech, health care, auto, energy, components and steel.

The ministry said its plans were driven by a strategy to respond to the growing risk of global trade protectionism, but the statement didn’t elaborate.

In order to support future growth industries, the government aims to have self-driving cars on highways by 2020 with 350,000 electric cars on the road by 2022.

The government will also throw its weight behind AI and the use of data in connecting appliances and providing health care, and support a diversification plan for energy sources. (SD-Agencies)

 

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