A cable is one of the products that have widely been used in all industries with the economic development for half a century. Cables are generally used in a diversity of areas: data exchange with power lines, communication, and control of industrial devices. South Korea has developed its economy thr...
A cable is one of the products that have widely been used in all industries with the economic development for half a century. Cables are generally used in a diversity of areas: data exchange with power lines, communication, and control of industrial devices. South Korea has developed its economy through exports rather than through domestic market. In particular, semiconductor, IT, and automobiles played a crucial role in overcoming economic crisis by leading exports when the economic slump was serious due to the currency crisis in 1997. In these areas, cables are also used in various ways. While the current cable industry has such problems as the increased competition at both domestic and international levels and environmental pollution, it cannot be denied that it still plays a positive role in the economic field. However, the cable industry has gradually faced keener competition; with the rapid growth of developing countries, such as China, South Korea needs to overcome keener competition between those developing countries and developed ones and to expand its domestic market and exports constantly.
The cable industry is closely associated with the development and use of six types of technology the government has designated to lead the development of science and technology in South Korea by 2025―nano technology, energy technology, environmental technology, materials technology, mechatronics technology, and system technology―and has a significant position in the economy, given its prospective and retrospective effects as well as its effects on macroeconomy. Therefore, the cable industry actually has a significant impact on all the areas of the South Korean economy through the domestic demand and exports, expansion of trade surpluses, generation of added value, supply of transportations, and contribution to tax revenues and, accordingly, plays a role in keeping both employment and national finances stable. However, the cable industry of South Korea has recently entered a new critical phase. The global economic recession has affected the cable industry as well, which is expected to strike a blow at the domestic object economy in general. The recession has domestically resulted in negative consumer sentiment and exports are also expected to decline due to the economic slump in developed nations.
South Korea ranked seventh globally in the export area as of 2013 but has hardly become stably and solidly competitive. It is essential to improve national competitiveness with the aim of keeping market share stable despite global economic crisis as now. To do this, a diversity of strategies to obtain the competitive edge are needed. These strategies are to set a long-term strategy to cover the entire corporate process, including production, marketing, financial affairs, and personnel management, to keep increasing the domestic consumption and exports by improving competitiveness constantly through technological development, and to preoccupy the emerging market by establishing a global market network. As "a study on the analysis of competitiveness in the cable industry of South Korea," this study aimed to make theoretical consideration of the cable industry in general, examine the trend and competition strategies of domestic and international cable markets and cable industries with the expansion of market opening, address the characteristics and problems of the cable industry of South Korea, and, on this basis, develop a corporate strategy and development plan to allow the domestic cable industry to make constant growth and obtain comparative advantage.
For the purpose of "a study on the analysis of competitiveness in the cable industry of South Korea," theoretical research and empirical analysis were conducted. Literature review was performed on the basis of materials, technical books, academic journals, publications, and internet sites to understand and summarize the framework and stream of research as well as to analyze the problems of the domestic cable industry and present a development plan. Industrial analysis was carried out using Porter's Diamond Model to assess competitiveness in the global cable industry; specifically, comparison was made in terms of competitiveness in each use to get a better understanding of the current situation. Lastly, survey-based empirical analysis was performed to collect opinions of the industry interested and to present a direction for the cable industry of South Korea.
A cable is one of the products that have widely been used in all industries with the economic development for half a century. Cables are generally used in a diversity of areas: data exchange with power lines, communication, and control of industrial devices. South Korea has developed its economy through exports rather than through domestic market. In particular, semiconductor, IT, and automobiles played a crucial role in overcoming economic crisis by leading exports when the economic slump was serious due to the currency crisis in 1997. In these areas, cables are also used in various ways. While the current cable industry has such problems as the increased competition at both domestic and international levels and environmental pollution, it cannot be denied that it still plays a positive role in the economic field. However, the cable industry has gradually faced keener competition; with the rapid growth of developing countries, such as China, South Korea needs to overcome keener competition between those developing countries and developed ones and to expand its domestic market and exports constantly.
The cable industry is closely associated with the development and use of six types of technology the government has designated to lead the development of science and technology in South Korea by 2025―nano technology, energy technology, environmental technology, materials technology, mechatronics technology, and system technology―and has a significant position in the economy, given its prospective and retrospective effects as well as its effects on macroeconomy. Therefore, the cable industry actually has a significant impact on all the areas of the South Korean economy through the domestic demand and exports, expansion of trade surpluses, generation of added value, supply of transportations, and contribution to tax revenues and, accordingly, plays a role in keeping both employment and national finances stable. However, the cable industry of South Korea has recently entered a new critical phase. The global economic recession has affected the cable industry as well, which is expected to strike a blow at the domestic object economy in general. The recession has domestically resulted in negative consumer sentiment and exports are also expected to decline due to the economic slump in developed nations.
South Korea ranked seventh globally in the export area as of 2013 but has hardly become stably and solidly competitive. It is essential to improve national competitiveness with the aim of keeping market share stable despite global economic crisis as now. To do this, a diversity of strategies to obtain the competitive edge are needed. These strategies are to set a long-term strategy to cover the entire corporate process, including production, marketing, financial affairs, and personnel management, to keep increasing the domestic consumption and exports by improving competitiveness constantly through technological development, and to preoccupy the emerging market by establishing a global market network. As "a study on the analysis of competitiveness in the cable industry of South Korea," this study aimed to make theoretical consideration of the cable industry in general, examine the trend and competition strategies of domestic and international cable markets and cable industries with the expansion of market opening, address the characteristics and problems of the cable industry of South Korea, and, on this basis, develop a corporate strategy and development plan to allow the domestic cable industry to make constant growth and obtain comparative advantage.
For the purpose of "a study on the analysis of competitiveness in the cable industry of South Korea," theoretical research and empirical analysis were conducted. Literature review was performed on the basis of materials, technical books, academic journals, publications, and internet sites to understand and summarize the framework and stream of research as well as to analyze the problems of the domestic cable industry and present a development plan. Industrial analysis was carried out using Porter's Diamond Model to assess competitiveness in the global cable industry; specifically, comparison was made in terms of competitiveness in each use to get a better understanding of the current situation. Lastly, survey-based empirical analysis was performed to collect opinions of the industry interested and to present a direction for the cable industry of South Korea.
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