Korea as a late developer strived to make high-quality products at a low cost in the past. Even after Korean firms accumulated a technological competence to a certain extent, they followed the technological leaders’ footsteps in the established market which had few significant growing opportunities because this approach involves less risk and cost.
With digital technology, Korean firms found a way to leap into the new growth market. They were able to exploit the growth opportunities with innovative digital products in new growth markets. That is, since Korean firms could foresee the technology transition from analog to digital, they were able to bring leading edge products to markets...
While Japanese have been rather passive in investments for digital technology, Korean firms such as Samsung and LG continuously invested on it...It has been able to transfer from following Japan’s lead at the low end of the market to leading of digital products by the high end in some product areas...
Note: Only a glimpse of the analysis is posted.
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