The construction of new infrastructure by the Chinese government promotes the development of digital twin city. The digital twin city is an important component of the new infrastructure, and the construction of the new infrastructure accelerates the emergence of the digital twin city. New...

The role of policy (among various other factors) in determining the stability of the power supply and electricity rates is becoming more important. Policy-based pressure on rising electricity prices is expected to intensify as countries prepare stronger environmental regulations in an...

The Korean apparel industry is a high value-added industry that creates value by fusing fashion design, highly-sensitive and functional materials and brand value.In addition, the apparel industry, which consists of planning and design - patterns, samples, sewing and marketing - is a job-creating...

Since the outbreak of the COVID-19 pandemic, the Chinese government has been focusing its efforts on fostering the digital economy by emphasizing digital technologies such as artificial intelligence, cloud computing, big data and 5G.President Xi Jinping stressed the need to expand artificial...

An online export market is growing rapidly around the world. Global consulting agencies estimate that the cross-border e-commerce market reached 578.5 billion USD in 2019 and will continue to record breakneck growth, potentially reaching 4.8 trillion USD by 2026. Driving this rapid growth is the...

This study focuses on the demand sector of smart factories, especially policies related to the introduction of smart factories by small and medium sized manufacturers. As will be explained later, discussions focusing on SMEs are important because the gap in capacity and resources between large...

From the 1990s to the late 2000s, the production of goods was divided among several countries on the basis of efficiency, and trade based on the global value chain developed around the world. As manufacturing process were split between links on the global value chain, trade in intermediate goods...

The purpose of this study is to determine the business conditions of Korean companies in China. For this, a business survey was conducted from October to November 2020 by the Korean Institute for Industrial Economics and Trade (KIET) and the Korean Chamber of Commerce in China. The scale of...

Global interest in Environmental, Social, and Governance (ESG) standards has increased. This has stimulated the introduction of new environmental policies in a major economic sector including the shipping industry.The double hull regulation has been evaluated as one of most effective regulations...

According to the dictionary, the definition of household is “a group of persons who realistically share the same residence and living space”. The household is not only a major economic subject along with the government and firm, but also an important consumer in the economy. Recently, a...