As usual our session will start with an economic snapshot extended to the prospects for omicron as infections are expected to continue to rise. It is also the last KBF before the Presidential Election and we will discuss the prospects and potential changes the new president will bring.
The main topic for discussion is that one of the risks that Korea faces is that its traditional export products, ships, chips, cars, petrochemicals and refined petroleum could face limited markets in the future. Korea either needs to rethink its existing products or move into new areas. Our session on February 17th looks at the degree to which Korea’s companies are evolving into new industries or rethinking the way their industries are organised or the products they produce. While we will look at the chaebol later in the year, including noting that SK Group has overtaken Hyundai to become the second largest group in Korea as we have been predicting for the last couple of years, on the 17th we shall be looking at eleven industries which have the chance of augmenting Korea’s core competences or preserving them through the 2020s, driving Korea’s exports higher and which companies are performing best. Some of these are old Korean companies reborn and others are start ups,