Special Report (Vol. 45)
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Special Report Vol. 45 (2018)
ANALYSIS OF BUSINESS DEMOGRAPHY DATA FOR REGIONAL DEVELOPMENT POLICY Chapter I. Introduction Chapter II. Changes in Industrial Location Conditions 1. Global Economic Slump and the New Normal 2. Occurrence of Externalities such as Changes in Demographic Structure 3. Manufacturing Slump and Demand for Industrial Locations in Korea 4. Arrival of Industry 4.0 and Transformation Toward a Service-oriented Industry Structure Chapter III. Projection of Industrial Location Trends Using Big Data and SNA 1. The Need for Developing Future Industrial Location Strategies Using Big Data 2. Big Data Collection and Analysis Methods 3. Future Industrial Location Trends Using Big Data and SNA Chapter IV. Empirical Analysis of Industrial Location Megatrends 1. Empirical Analysis of Industrial Location Megatrends: Need & Objective 2. Empirical Analysis of Industrial Locations Trends Chapter V. Industrial Location Strategies and Policy Measures in Response to Socioeconomic Changes 1. Industrial Location Strategies in Response to Socioeconomic Changes 2. Industrial Location Policy Measures in Response to Socioeconomic Changes References Summary
2017 will be significant for Korea, as the working age population posts a negative growth for the first time in its history, pushing the country to the edge of a demographic cliff. When slow growth becomes the norm, businesses need to secure competitiveness to survive, and single-person households will likely live closer to their jobs. Automated systems will accelerate the replacement of manual labor by machines and AI. This study projected how rapid socioeconomic changes will change the Korean manufacturing sector environment and systematically analyzed institutional improvements needed for national territory and industrial locations by conducting largescale big data analytics and empirical analyses. This study enhanced the reliability of big data analytics through dual analysis, by conducting big data analytics of future trends and verifying the results with empirical data, and provided quantitative data that supports future policy development. It is imperative to set a clear direction for industrial location policies by focusing on either promoting balanced national development or satisfying business needs. It is also essential to apply different approaches to different types of industrial locations, with regard to the designation process for industrial parks and supportive measures. The UK and Japan have shifted their policy focus from balanced distribution of industrial locations toward the concentration on large cities and the capital areas. As such, this study suggests that Korea should prioritize efficiency over equality in supplying industrial locations. In addition, more comprehensive management is needed to achieve efficient supply of industrial sites that are currently divided across different government ministries. Policy focus should be placed on supplying industrial sites to urban areas, rather than supplying low-cost factory sites to rural areas to ensure that businesses can be more competitively located. |
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