In an interview with Korea Times, KEI Senior Director Troy Stangarone urged Korea to foster entrepreneurship to maximize software power. He noted that natural slowdown combined with the U.S.-China trade war will adversely impact China's capacity to continue consuming Korean goods. As such, Korean exporters will have to look elsewhere - and not just to the United States.
At this stress point, Stangarone notes that Korea should "make more efforts to strengthen its software power by prioritizing engineering and creating a business and social environment to enrich entrepreneurship." In particular, he highlighted opportunities in the 5G space.
Find the full interview here