Goal of advanced manufacturing is to maximize profit.

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Presentation transcript:

Profitability and Employability in New Innovative "Manufacturing" Industry: Korean Perspective

Goal of advanced manufacturing is to maximize profit.

Traditional strategy is

Export-driven Korean Manufacturing

Driving force (1)

Driving force (2)

How about job opportunity?

Goal of government is to balance between profit of company and job opportunity of workers

Employability of Workers

Serious Mismatch in Work Skills

This traditional way of implementing new process is not sustainable practice to maintain job security and innovative culture.

We need new approach!!

Hire more workers but keep productivity same?

Hybridization of service industry and traditional manufacturing industry

Accelerated engineering education?

"Creative economy?"

In conclusion, new manufacturing technology should be evaluated based on profitability and employability. Innovative materals, creative products are essential for creating new competitive industry. However, It is equally important to train workers with proper skills at right time and at right place.

In conclusion