Shrimp to Whale: South Korea’s Extraordinary Transformation
The Korea Society
00:00
South Korea Continues to Compete With China, Right?
I do think that it is inevitable that in some sectors, you know, South Korea is not going to go to compete with China because China still has lower production costs. In more high tech sectors, I mean, South Korea continues to have the comparative advantage. Huge investment in research and development by companies and by the government helps to address the competition between China and the US or other countries. And I think if you look at the political aspect of these economic sectors, we're all going to be affected by this competition. We're in the U.S., right? Never a small country anymore,. We're advancing very certain economic sectors, so we have a strength which will help us navigate through
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