Korea Benchmarking
Korea Benchmarking with KSA
The Traces of Korean Companies’ History
Characteristics of Korean Industries
Korea’s Key Industries and Leading Companies
Regional Specialization/Industrial Concentration
Korea’s Key Industries and Leading Companies
Korea’s Key Industries: Representative Industries of the Korean Economy And the Backbone of the Country’s Industrial Development
The key industries include cars (green cars, smart cars), electricity / electronics / IT, shipbuilding, production system, production base, metals, chemical processing materials, clothing, plant engineering, ceramics, pharmaceuticals, biotechnology, etc. These industries represent the future growth of the Korean economy.
○ Key industries have a significant impact on a country’s production, exports, employment and front and rear industries and constitute the backbone of the country’s economy and typify capital goods and intermediate goods industries.
○ With the development of a society, the industry for domestic demand and service industries have been accelerated along with the manufacturing industry.

Type of Industry

Features 

Representative Products

Representative Companies

Machinery

Metals

Korea’s key industries such as cars and semiconductors that provide foundation for growth engine industries

Machine tool, precision machinery, agricultural machinery, cargo handling equipment, semiconductor equipment, cutting tool, mold, etc. 

Doosan Infracore, Hyundai Motors,Hyundai Wia,SIMPAC, YG-1

Hyundai Steel, Kia Motors

Electric and Electronics. IT

Rapid change and development such as technological innovation and convergence

Home appliances, semiconductor, display, mobile devices, IT convergence, rechargeable battery, Smart Grid

Samsung Electronics, SK hynix, KEPCO,LG Electronics, Samsung Electro-Mechanics, Kyungdon Navien, Korea Electric Terminal

Chemicals

Process Industry, heavy and chemical industry, New Renewable Energy, Various forms of production

Electronic Material, Synthetic resin, Textile, Engineering Plastic, Cement, etc.

LG Chem, Samsung Total, Hankook Tire, LG Hausys, Noroo Paint, Hanhwa Chemical

Food

Closely related to national health, food safety, domestic demand-based, production history, distribution system

Processed Food, Sugar, Organic Products, Dairy Products, Snacks, Instant Food

CJ,Daesang, Nongshim, Lotte Confectionary, Pulmuone, Ottogi,SPC(Paris Baguette)

Bio/Pharmaceuticals

Global demands increased due to the world’s aging population, Barriers to entry exist.

Biological Medicine,  Genetic Medicine, Cell Therapy

Hanmi Pharm, SK Chemical,Celltrion,Green Cross,ViroMed, Genexine

Service/Distribution

Economic activities/industries related to something other than production or consumption of material goods.

Financial Service, Tourism, Wholesale/Retail services, Convenience Store, etc.

Everland,Lotte Department Store,Shinsegae, Hyundai Department Store, Lotte World, E-Mart,, GS25 Convenience Stores, etc.

Public Service

Established for public purposes similar to executive branch of the government.

State-run companies or government-related agencies

Power generation, national heath and public service, port and airport, national fund management, trade investment

KEPCO, National Health Insurance Service, Korea Sports Promotion Foundation, Korea Tourism Organization, Incheon Int’l Airport,Kotra, National Pension Service 

Finance

Make up the infrastructure of an economy,

finance and insurance

Banks, stocks, insurance, credit card, etc.

KB Bank,Shinhan Bank,Shinhan Card, Samsung Life Insurance,Mirae Asset, Dongbu Fire Insurance