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Industrial Strategies on the Convergence of IT and the Manufacturing Industry

Author Sang-Kyu Lee, Wonvin Rhee, Hyun Sun Ryu Date 2010.12.28 Page 90
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Particularly positive has been the fact that despite the economic downturn occasioned by
the global financial crisis, Korea has nevertheless shown clear signs of a rapid recovery.
According to the OECD, Korea’s GDP grew by 0.2% in 2009, which was the 3rd highest
growth rate amongst OECD members. A great degree of this national competitiveness is
due to the robust competitiveness enjoyed by Korea’s national infrastructure industries, at
the forefront of which is the IT industry. At this juncture, there is no point to pour over the
importance of the IT industry, an industry which accounts for the largest share of the
Korean economy.