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Goal of advanced manufacturing is to maximize profit.

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Presentation on theme: "Goal of advanced manufacturing is to maximize profit."— Presentation transcript:

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

2 Goal of advanced manufacturing is to maximize profit.

3 Traditional strategy is

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5 Export-driven Korean Manufacturing

6 Driving force (1)

7 Driving force (2)

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11 How about job opportunity?

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

13 Employability of Workers

14 Serious Mismatch in Work Skills

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

16 We need new approach!!

17 Hire more workers but keep productivity same?

18 Hybridization of service industry and traditional manufacturing industry

19 Accelerated engineering education?

20 "Creative economy?"

21 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.

22 In conclusion


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