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Policy Briefs contain useful information on territorial planning policies and national strategies of Korea and other countries.
|TITLE||Supply Plan of New Industrial Locations Responding to Structural Low growth and 4th Industrial Revolution|
Supply Plan of New Industrial Locations Responding to Structural Low growth and 4th Industrial Revolution
Hoje Kang Research Fellow
Korea Research Institute for Human Settlements
□ Korea has been facing big transition under the structural and continuous low growth and 4th Industrial Revolution.
￭ Economic depression extended over a long period of time and new normal is globally widespread.
￭ Korea is under slow economy with the lack of effective demand and agingness, low manufacturing operation ratio, conflicts with China and it is expected to decrease planned location supply.
￭ The 4th Industrial Revolution is increasing new industrial demand which brings big cycle in relevant industries such as semiconductors.
□ Companies are located in metropolitan areas to improve their competitiveness and profits while industrial complexes are concentrated in local small towns in rural areas. (94% increase for 10 years)
□ The sales profits and business index of companies in metropolitan areas are higher than that of companies in industrial complex, which emphasizes improving planned location supply for business competitiveness.
1) To clearly define the purpose of developing industrial location by regional development and business competitiveness and make a different service on increase transparency by establishing measures to check financial flow in housing market
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