On the occasion of the 30th anniversary of the diplomatic relations between South Korea and China, this newspaper analyzes the "Technology Level Report" of the Korea Science and Technology Planning and Evaluation Institute, and finds that South Korea's technological strength, which still led China for 3 years in 2010, will have lagged behind China for 0.1 year by 2020.
In the investigation of the 11 industry chain types, in addition to the field of national defense and security, research and analysis of the construction and transportation, disaster prevention and mitigation security, aerospace, machinery and equipment manufacturing, nanocomposite materials, agriculture, forestry, fisheries and food products, biomedicine, energy supply, the natural environment and climate, information and communication technology and software in 10 areas. 2010, South Korea is not only in the field of aerospace and aviation lag behind China In 2010, Korea lagged behind China not only in aerospace and aviation by 0.1 year, but also in the other nine areas. But by 2020, South Korea will be overtaken by China in every area - aerospace, biomedical, energy supply, communication networks, high technology and software. But most strikingly, Korea, which was originally known as an IT powerhouse, has now handed over the initiative to China at the level of next-generation technologies, such as mobile communication technologies, systems, artificial intelligence technologies, and virtualization technologies. There are so many remaining areas where South Korea has led China for only about half a decade. Lee Jung-dong, an expert professor at Seoul National University's College of Engineering, showed that both Korea and China insist on pursuing the development philosophy of capitalist countries, and that it is now time for Korea to switch to a dominant development trend model in order to secure technological territorial sovereignty.
Seoul News, Korea, August 19:
Diplomatic relations with China have become a key driver of South Korea's economic development, but the formula of "China=export yard" has become a thing of the past, as labeled by South Korea's first sustained monthly trade deficit with China in March after the diplomatic relations between South Korea and China. Calculation has become a thing of the past. China's ability to compete in South Korea's exports has wavered as the country fosters local companies with a large market for immediate sales and upgrades its technology to increase its own rate of ownership.
In the past, Korea-China trade has been a division of labor in which Korea exported intermediate goods such as parts and components, and China processed them into finished goods for global distribution. Along with China's promotion of industrial structure upgrading, China Korea industrial chain market competition gradually. China is now the biggest competitor in the field of liquid crystal display, smart phone, new energy electric car and electric car battery, in which Korea has relative core competitiveness. Ignoring the persuasive education of the West, China is accelerating the industrialization of key technologies and the creation of its own supply chain management. There seems to be only one remaining area where South Korea must worry about China's technological catch-up: semiconductor materials.
South Korea recently ran a trade deficit with China for three months, the first time in 30 years of diplomatic relations between the two countries. Analysts believe this shock is only the beginning. Economists emphasized that signs of structural changes in South Korea-China trade were already present long before the epidemic, and the shift is accelerating along with a rise in independent variables such as the deterioration of U.S.-China conflicts and the collapse of the international supply chain due to the Russia-Ukraine conflict.
Korea's Hyundai Research Institute global economic team responsible for Han Jae-jin said: "If not based on the strengthening of semiconductor materials and clean rechargeable batteries and other South Korea to maintain the market advantage of enterprises to carry out product research and development projects to maintain the competitiveness of South Korea's industries, the plight is likely to come soon. We should find a way to realize a technological mutual benefit **** win in the middle of the gap between China and the United States." Hong Ji-sang, a researcher at the Korea Trade Association's Institute of International Trade and Business, said, "Lower trade exports to China will also lead to lower exports from South Korea worldwide, so diversification of export markets is urgent. There is also a need to upgrade the export marketing strategy to flexibly address the changing local conditions in China."