Excellent Manufacturing Environment in Korea
Updated: Sep 5
Korea maintains one of the top positions on the Competitive Industrial Performance Index, which is a biennial evaluation of countries’ industrial competitiveness by the United Nations Industrial Development Organization (UNIDO).
Korea’s manufacturing industry is evolving into high-value, high-tech
U N I D O publishes a biennial Competitive Industrial Performance Index that evaluates the industrial competitiveness of 152 countries worldwide. Korea’s ranking has gradually risen since reaching 17th place in 1992, and has been in the top five since 2008. The shift to high value-added and high-tech manufacturing is strengthening Korea’s manufacturing competitiveness. Korea's share of manufacturing added value to GDP increased from 22% in 2000 to 27% in 2018, and the ratio of high-tech added value to manufacturing production increased from 59% to 64% over the same period.
Global market share of Korea’s key industries
Korea is leading in global market share in various fields such as semiconductor, display, electric vehicle batteries, and shipbuilding, and is prominent in various fields such as automobile, chemical, and pharmaceutical industries.
**This article is extracted from Invest KOREA Magazine September, 2021.