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Title Regional Research Seminar - 4th Industrial Revolution and Local Industrial Policy Issues
Date 2018-05-29 Hit 396  

  On May 16, the Office of Entrepreneurship and Innovation Studies held a seminar on the theme 'The 4th Industrial Revolution and Local Industrial Policy Issues'. The seminar invited Director Kim Hee-seong of Nextelligence as a speaker and researchers discussed about related topics.

  First, at the presentation on the changes of production and jobs due to the 4th Industrial Revolution, some raised assertions that there are changes in the manufacturing production methods and the manufacturing paradigm is changing in terms of connectivity, ICT, and employment. It is mentioned that the 4th Industrial Revolution has raised expectation on improving productivity growth rate and the growth engine, and the major changes are taking place in terms of the service at factories, production networks and manufacturing industries. The cases of GE and Adidas were introduced as major examples. The presenter pointed out that as a result of this shift in manufacturing-related jobs, the demand for new job skills and technical skills are polarizing and the income inequality increases.

  These environmental changes are leading to policy issues related to the local industry. Major issues were discussed including legal system, R & D environment, manpower, and benefits distribution. Examples of overseas cases were presented including the smart specialization in EU, the case studies about Lombardy in Italy and Navarra in Spain, and Japan's local creation strategy and local future investment promotion laws.

  As the 4th Industrial Revolution is a global issue, there was a consensus that it is important to have the approach that enhance each region’s strength and focus on core based technology rather than on a specific part. In relation to future regional industry, some suggested that there should be policy plan for core domestic issues and the ways to derive regional strengths.