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The Strategy for Korea's Economic Success$
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Hwy-Chang Moon

Print publication date: 2016

Print ISBN-13: 9780190228798

Published to Oxford Scholarship Online: May 2016

DOI: 10.1093/acprof:oso/9780190228798.001.0001

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Upgrading Korea’s Competitive Advantages

Upgrading Korea’s Competitive Advantages

(p.201) Chapter 11 Upgrading Korea’s Competitive Advantages
The Strategy for Korea's Economic Success

Hwy-Chang Moon

Oxford University Press

The ABCD model can be used not only to build competitive advantages, but sustain them. As Korea moves forward into an increasingly complex and volatile economic environment with the emergence of new competitors from emerging countries along with the growing influence of China and Japan, it faces many issues regarding the sustainability of its competitive advantages in the future. By looking at the cases of other countries and applying the ABCD model, it is possible to derive future strategy related to technology development and innovation, differentiation strategy in the new competitive landscape, co-evolution and cluster strategy, and maximizing shared value and creating new business opportunity. Policy directions are then given for Korea to sustain its competitive advantages.

Keywords:   competitive advantages, technology development, innovation, differentiation, co-evolution and cluster, shared value

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