Along with the "three major megas"... We need to find opportunities for regional balanced development with AI conversion funds.
South Korea's manufacturing sector is facing challenges such as an aging workforce and a shortage of young talent. The country's manufacturing industry, which accounts for 27% of its GDP and 25% of employment, is experiencing a structural crisis. To address this, the government needs to establish a clear direction for industrial policy and restore productive finance to support the sector.
A new financial paradigm, including a "structural transition fund," is necessary to support the transformation of small and medium-sized enterprises. The fund would help companies adapt to changes in the global supply chain and invest in artificial intelligence and digital transformation. The government and financial authorities should work together to create an ecosystem that supports the manufacturing sector, rather than relying on short-term financial gains.
Written by urgent.news from Hankyoreh's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.