[KIET PR Video] Industrial Policy Think Tank(ENG ver.)

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KIET PR Video, Leading Korea's industry and economy into the future, KIET : Industrial Policy Think Tank(ENG ver.)
“There is nothing in recorded history”
“that rivals the economic growth”
“achieved by Korea since the Korean War.”
-Peter Drucker
Korea’s economic development
has often been described as a “miracle.”
But it was anything but.
The remarkable achievements of our economy are not a result of luck.
Rather, they are the fruit of hard work,and the just reward for overcoming significant challenges.
The pride we feel in our economy is real.
But it would not be deserved without the people who work tirelessly to light the path forward for our industries.
These people are from the Korea Institute for Industrial Economics & Trade.
Originally established as the Korea Foundation for Middle East Studies in 1976,
during a critical period of Korea’s economic development,
KIET has ever since diligently served as a national policy research institution dedicated to charting the best path forward for Korean industries and businesses.
From the oil shocks of the 1970s,
the foreign exchange crisis of 1997,
the global financial crisis of 2008
up to the digital transformation unfolding now amid major shifts in global supply chains,
KIET has long been committed to guiding Korean industry down the right path when the economy reaches a crossroads.
By providing the theoretical and practical foundations
for the kinds of transformative policies needed to enhance the global competitiveness of key industries,
such as automobiles and semiconductors, we have firmly established ourselves as an indispensable think tank supporting Korea’s economic growth.
KIET is the only national policy research institution that specializes in studying the nexus
where domestic and international industry and trade intersect.
Our services include:
Manufacturing and Service Industry Analysis,
proposing new approaches for industrial innovation;
Industrial Policy and SMEs & Venture Business Policy,
formulating strategies for industrial development;
Global Trade and Industrial Cooperation, addressing current issues and designing strategic responses related to the international division of labor;
Regional Industry, Location, and Investment,
contributing to the balanced regional development of Korea; and Industry Trends and Statistical Analysis, made possible by accumulating volumes of industry data in key research areas.
To swiftly adapt to new global industrial trends,
KIET has established a robust and diverse global network.
On the firm basis of a resilient global cooperation ecosystem and world-class research outcomes,
KIET is poised to take the next step.
Already a top domestic research organization,
we are prepared to assume a position as a premier global research institution.
The world has witnessed Korea accomplish astonishing feats.
But there is still work to be done advancing our economy and our industry.
Korea is at the vanguard of global industrial innovation.
And the Korea Institute for Industrial Economics & Trade is committed to guiding Korea on its path
to becoming a global industrial and economic powerhouse.
In doing so,
KIET is set to become a global think tank that produces creative solutions to contemporary challenges.

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