An Analysis of the Industrial Robot Sector’s Competitiveness in Each Stage of the Value Chain, and Implications for Policy

Sang Soo Park ()
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Sang Soo Park: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr

No 22/24, Research Papers from Korea Institute for Industrial Economics and Trade

Abstract: Korea’s industrial robot sector is now the world’s fifth-largest, aided by systematic and consistent government policy over the past decade. It is still heavily reliant on imports for key parts however, and the industry is fragmented, consisting of many small and medium enterprises (SMEs) in the absence of specialized companies with global competitiveness. The sector’s competitiveness lags behind in key areas, such as in the development of core-enabling technologies, but also in terms of supply chain stability and production technology. This paper analyzes the structure and characteristics of the industry’s value chain, identifying its strengths and weaknesses in each stage of the chain. Based on the implications carried by the results of this analysis, we propose a comprehensive set of future-oriented policy considerations.

Keywords: Korea; manufacturing; robots; industrial robots; cobots; robot policy; manufacturing policy; small and medium-sized enterprises; SMEs; SME policy; competition; competition policy; competitiveness; industrial competitiveness; value chain; value chain analysis (search for similar items in EconPapers)
JEL-codes: L11 L16 L22 L23 L25 L52 L53 L60 L64 O25 O30 O38 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2022-07-22
New Economics Papers: this item is included in nep-cse and nep-des
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kietrp:2022_024

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