"From Product Manufacturing to Value Creation"... National Academy of Engineering Hosts 'Manufacturing Industry Great Transformation' Forum

275th NAEK Forum Held
Presented 6 Strategies for Value Creation

The National Academy of Engineering of Korea is hosting a forum emphasizing the need to shift the manufacturing paradigm from product manufacturing to value creation. It presents six areas for internalizing economic value, such as reflecting needs and technology creation, and provides detailed explanations of the concept and methods of value creation.

Kim Ki-nam, Chairman of the Korean Academy of Engineering, delivers a New Year's address at the Korean Academy of Engineering New Year's Ceremony held at the Shilla Hotel in Jung-gu, Seoul on January 29.
[Photo by Yonhap News]

The Academy announced on the 20th that it will hold the 275th NAEK forum on the 23rd at L Tower in Yangjae-dong, Seocho-gu, Seoul, under the theme "Transition from Product Manufacturing to Value Creation."

Lee Sangmok, President of the Korea Institute of Industrial Technology, will deliver the keynote speech explaining the concept of value creation to overcome the crisis in Korean manufacturing. He will discuss six areas related to internalizing economic value in value creation: reflecting needs, technology creation, industry creation, hegemonic response, coexisting society, and environmental issues.

Following the keynote speech, expert presentations will continue with topics including ▲ Fundamental structural changes in the manufacturing industry (Jung Eunmi, Head of Korea Institute for Industrial Economics & Trade) ▲ K-GIFT promotion strategy for large corporations (Park Junsik, Group Leader of POSCO Holdings Group Technology Strategy Team) ▲ SME model (Korea Hyun, President of Samyoung Machinery) ▲ Autonomous manufacturing in manufacturing engineering (Kim Kwangjae, Professor of Industrial and Management Engineering at Pohang University of Science and Technology) ▲ Manufacturing-based servitization (Han Changhee, Professor at Hanyang University Business School).

Kim Kinam, President of the National Academy of Engineering of Korea, stated, "Korean manufacturing must now shift from merely producing products to creating greater value. Only by expanding the manufacturing ecosystem and pioneering irreplaceable technologies and markets can Korea lead the future."