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CES 2021: Tasks for Korean Industries in a Digitally Transformed World

Author

Listed:
  • Shim, Woojung

    (Korea Institute for Industrial Economics and Trade)

  • Kwon, Ohsung

    (Korea Institute for Industrial Economics and Trade)

  • Kim, Jongki

    (Korea Institute for Industrial Economics and Trade)

Abstract

The Consumer Electronics Show in 2021 featured innovative products for the “changed-everyday” that is expected to characterize the post-COVID-19 world. Such products demonstrate that the so-called “digital transformation” is already well underway. AI is now a mandatory foundational technology across industries. Innovation is particularly visible in AI and 5G-based areas, including “home-conomy” (home + economy), bio-health, and eco-friendly technologies. This paper reviews Korea's achievements in the consumer electronics innovation space and the threats facing its industry from competitors. It also describes a suite of policy recommendations going forward.

Suggested Citation

  • Shim, Woojung & Kwon, Ohsung & Kim, Jongki, 2021. "CES 2021: Tasks for Korean Industries in a Digitally Transformed World," i-KIET Issues and Analysis 21/3, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kietia:2021_003
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    More about this item

    Keywords

    CES; Consumer Electronics Show; consumer electronics; electronics; artificial intelligence; AI; innovation; semiconductors; communications equipment; telecommunications; ICT; information technology; IT; manufacturing; exports; competition; competitiveness;
    All these keywords.

    JEL classification:

    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment
    • L68 - Industrial Organization - - Industry Studies: Manufacturing - - - Appliances; Furniture; Other Consumer Durables
    • L69 - Industrial Organization - - Industry Studies: Manufacturing - - - Other
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • L88 - Industrial Organization - - Industry Studies: Services - - - Government Policy
    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
    • L99 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Other
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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