The KABC Second Chance Korea Business Forum
Korea’s new industrial portfolio
8.00am – 9.30am, Monday 7 March 2022 at the Online Seminar Room
Dear member,
This is your invitation to the second chance meeting on Korea’s new industrial portfolio. 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 briefly discuss the prospects and potential changes the new president will bring. The Russian invasion of the Ukraine will also require a slide or two to consider the impact on Korea. (NOTE the following day March 8 we will hold an impromptu discussion together with our partner group in Japan on the impact on Northeast Asia – a separate invitation will be sent for this meeting please do not confuse the two)
The main topic for discussion in our February event was 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 looked 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 looked 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,
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The analysis looks at the threats the traditional export portfolio faces, and the degree to which the government’s BIG THREE plans are a choice of the right three – semiconductors, batteries and vaccines.
We then look at the promising change and upgrading of traditional export products froma green hydrogen based steel industry to the pursuit of entirely new or evolved industries, from the transformation of ships to meet climate change, green or virtuous plastics and start ups like Edison Motors which is purchasing Ssangyoung Motors and quoting Charles Schwab “in the past, big companies used to eat small companies, now fast small companies are eating big companies.
Join us to understand why KBF has a loyal following for its monthly seminars, and a reputation for penetrating analysis you cannot find in one place on a consistent basis.
Yours sincerely,
Tony Michell
Managing Director, KABC Ltd.
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