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Manufacturing revival

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Ambitious plan should push Korea back to industrial powerhouse

The Moon Jae-in administration announced its "Manufacturing Renaissance Vision," Wednesday, aiming to turn the country into one of the world's top four manufacturing powers by 2030. "Korea should change its industrial strategy from a rapid follower to an innovating pace-setter to cope with enormous changes such as the Fourth Industrial Revolution, tighter environmental regulations and a realignment of the trade order," President Moon said at a meeting of bureaucrats, business executives and politicians.

To do so, the participants decided to foster new industries,........

© The Korea Times