Acronyms Introduction Report Methodology and Organization Chapter 1. Global Value Chains and Economic Development 1.1. Introduction 1.2. The Development Implications of Global Value Chains 1.3. Current Trends in Global Value Chains 1.4. Potential Impacts of Changes on GVC Participation Chapter 2. An Introduction to Korea’s Economy 2.1. Korea’s Economic Profile 2.2. Industrial Policy in Korea 2.3. Trade and Investment Policy 2.4. Human Capital: Workforce Development, Education and Labor 2.5. Research and Development 2.6. Other Areas Supporting Economic Growth 2.7. Comparison with China Chapter 3. Korea and the Electronics Global Value Chain 3.1. The Electronics Global Value Chain 3.1.1. Mapping the Electronics Global Value Chain 3.1.2. Geographic Distribution (global supply and demand) 3.1.3. Key Firms and Segments in the Electronics GVC 3.1.4. Standards and Institutions 3.1.5. Human Capital and Workforce Development 3.1.6. Upgrading Trajectories 3.2. The Asian Electronics Regional Value Chain 3.2.1. Regional Dynamics and Trends 3.2.2. Cooperation and Competition in Asian RVCs 3.3. Korea and the Electronics Global Value Chain 3.3.1. Development of the Electronics Industry in Korea 3.3.2. Korea’s Participation in the Electronics GVC/RVC 3.3.3. Product Profile and End Markets 3.3.4. Institutional Context (sector-specific) and Supporting Stakeholders 3.3.5. Electronics Recommendations Chapter 4. Korea and the Shipbuilding Global Value Chain 4.1. The Shipbuilding Global Value Chain 4.1.1. Introduction 4.1.2. Market and Competitiveness Issues 4.1.3. Mapping the Shipbuilding Global Value Chain 4.1.4. Global Production and Trade in the Shipbuilding GVC 4.1.5. Lead Firms and Governance Structure of the Shipbuilding GVC 4.1.6. Standards and Institutions 4.1.7. Human Capital and Workforce Development 4.1.8. Upgrading Trajectories in the Shipbuilding GVC 4.2. The Asian Regional Value Chain (RVC) 4.2.1. The Shifting Geography of the Regional Value Chain: The Rise of China 4.3. Korea and the Shipbuilding Global Value Chain 4.3.1. Development 4.3.2. Current Status 4.3.3. Workforce Profile 4.3.4. Evidence of Upgrading 4.4. Shipbuilding Recommendations Chapter 5. GVCs, Industrial Transformation and Opportunities for Korea 5.1. Introduction 5.2. Recent Changes in GVCs 5.3. Lessons from Korea’s Participation in Electronics & Shipbuilding GVCs 5.4. A GVC Perspective for Korea’s Industrial 5.4.1. Innovation in Production Technologies and Equipment 5.4.2. Functionally Upgrade into High Value Manufacturing-Related Services 5.4.3. Intersectoral Upgrading into New Knowledge-Driven Industries 5.5. Policies for Future Success in Manufacturing GVCs 5.5.1. Industry Stakeholder Coordination and Collaboration 5.5.2. Services and Entrepreneurship 5.5.3. Innovation Systems and Human Capital 5.6. Innovation Systems in East Asia 5.7. Conclusion References Appendices