![[Lee Jong-Wha] Korea bets on industrial policy](https://images.weserv.nl/?url=wimg.heraldcorp.com%2Fnews%2Fcms%2F2026%2F07%2F29%2Fnews-p.v1.20260729.96b4aa89e7e6481fa762209d8b130cb9_T1.jpg&w=3840&q=75&output=webp&we)
KRThe article discusses South Korea's renewed focus on industrial policy under President Lee Jae Myung's administration, aiming to strengthen sectors like semiconductors, AI, robotics, and advanced manufacturing. It draws parallels to past efforts such as the 1970s Heavy and Chemical Industry (HCI) drive, which helped South Korea develop into a global industrial power through government support, strategic planning, and integration with international markets. The piece highlights challenges such as market underinvestment in new technologies and the need for sustained political commitment and capable governance. While acknowledging historical successes, it notes that current conditions differ significantly, requiring a new approach to secure technological leadership and supply-chain resilience.
Bias read (Center): The article presents a balanced overview of South Korea's industrial policy strategies, drawing on historical examples without overtly favoring any particular ideological stance. It analyzes both the potential benefits and challenges of state-led technological development, emphasizing the importance
