(Syllabus)
IKS 216: INUSTRIAL RELATIONS OF KOREA – KOREAN INDUSTRY IN A
RAPIDLY GLOBALIZING AND DIGITALIZING WORLD
(Fall 2014)
2:00-4:45 PM , Thursdays
Professor: Hiwhoa Moon
Room 524, International Studies Hall
GSIS, Korea University
Tel: 02-3290-2418 (office)
010-5238-4255 (Mobile)
E-mail:hmoon21@korea.ac.kr; hmoon2101@gmail.com
Office Hour: 2-4 PM Tuesdays
COURSE OBJECTIVE AND OUTLINE
Korea’s impressive industrial growth over the past few decades provided
many strategic and useful insights to many global business firms and
governments. Presently, major Korean industries enjoy at least 1st-5th
place in the global markets of ship-building, electronics, automobile, steel,
and petrochemicals, measured in production and exports. Further, in the
global markets for key products such as semiconductors, smart phones,
and automobiles, Korea’s recent advances in the respective market shares
have been impressive.
This course will review the trend of the structural transformation of the
Korean industries over the past decades, followed by the analysis of those
factors, including major government policies and business strategies,
which made this successful structural transformation possible. Here, each
of the key policy tools which the government mobilized in expanding,
upgrading, and successfully transforming Korean industries, shall also be
examined.
The future of global manufacturing industry, in particular following the
2008 global economic crisis and along the accelerating speed of IT
technology, must be quite different from that of the past. Therefore, this
course will analyze and identify the new challenges and corresponding
new strategies for global economies and leading industrial firms.
Finally, micro-level analysis of specific industries over a few key Korean
industries including the information technology and auto, shall be
conducted. In this analysis, global competitiveness, technological trend,
major challenges and issues, and their perspectives shall be focused.
COURSE REQUIREMENTS AND EVALUATIONS
This course will be carried out in two parts: one, lectures by the professor;
and two, presentations and discussions on assigned subjects for team
projects toward the end of the semester.
Some knowledge in principles of economics and/or international
economics will be helpful. Yet, they are not compulsory. The text and
other reading materials shall be introduced in the beginning and during
the course.
There will be group projects by student teams toward the end of the
semester, a mid-term, and the final exam. The final grade of the course
will be based on the following formula.
Mid-Term Exam
Final Exam
Term Paper and Presentation
Class Discussions and Attendance
25 Percent
40 percent
25 percent
10 percent
COURSE SCHEDULE
Part 1: INDUSTRIAL STRATEGIES AND POLICIES OF KOREA
1ST – 3RD Week: Evolution and Structural Transformation of The Korean
Industries
Readings: Moon, Hiwhoa, “Long-Term Development Strategy, Policies,
and Results,” The Korean Economy and Its Structure, 2009,
(unpublished Memoir)
Krueger, Anne O., “Korean Industry and Trade over Fifty Years,”
The Korean Economy 1945-1995, (edited) by Cha, Dong-Se,
Kim Kwang Suk, and Perkins, Dwight H., 1997, Korea
Development Institute
The World Bank, “The Legacy of Korea’s Industrial Policy,”
(Chapter 2) and “Trade Liberalization,” (Chapter 3) in Korea –
Managing the Industrial Transition (volume 1), 1987,
Washington, D.C.
4th Week: Science and Technology in Industrial Development: Government
Policies, Corporate Strategies, and Market Responses
Reading: Kim, Linsu and Seong, So-mi, “Science and Technology: Public
Policy and Private Strategy,” The Korean Economy 1945-95,
lbid..
5th Week: Restructuring of The Korean Industries following the 1997
Financial Crisis
Reading: Hiwhoa Moon, Korea’s Economic Development, The Financial
Crisis and The Subsequent Structural Reform, September 2001,
New York
PART TWO; NEW SOURCES FOR KOREA’S INDUSTRIAL GROWTH
6th Week: The Green Growth and Korea’s Industrial Strategy
Readings: Hiwhoa Moon, “The Green Growth and Korea’s Strategy,” a
power point presentation, April 2012
7th week: Mid-Term Exam
8th – 9th week: New Sources for Korea’s Industrial Growth: Service,
National Brand, and Design
Readings: McKinsey & Company (ed.), “A McKinsey Report on Korean
Economy: South Korea: Finding Its Place on the World Stage”
April, 2010, Seoul
PART THREE; NEW TREND AND NEW STRATEGY FOR GLOBAL
MANUFACTURING INDUSTRIES
10 – 11th Week: Competitiveness, innovation, and new environment
Readings: McKinsey Global Institute, “Manufacturing the Future: New Era
of Global Growth and Innovation,” November 2012, PPT
prepared by Hiwhoa Moon
PART FOUR; MICRO-ANALYSIS OF KOREA’S LEADING INDUSTRIES
12 – 13th week : Analysis of Micro-Industries: Auto and Electronics
Industries
Readings: KIET Major Manufacturing Industries: Recent Trends and
Prospects, June 2010
KIET, Korea’s Auto Industry, a power point presentation, 2010
Korea
Automobile
Manufacturers
Association,
Korean
Automobile Industry, annual report 2013.
Ministry of Industry, Resources, and Energy, Korea’s Digital
Electronics Industry – Vision and Strategy for 2015, a translated
version from the original, 2006
14th – 15th week: Group Project: Team Presentations by Students
16th week: Final Examination