Emerging Technologies

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Manufacturing Firm Diversification into Industry 4.0 Technologies: Evidence from Korea

(Washington, DC: World Bank, 2023-08-22) World Bank

This report leverages patent data and relatedness analysis to identify the factors that affect the technological transition of firms toward industry 4.0 technologies by looking at the technological trajectories of Korean manufacturing firms. Based on a unique dataset of Korean manufacturing firms’ patents and their financial and market information, the research follows the Principle of Relatedness to trace a firm’s footprint in a technology space. The technology space can help identify how previously accumulated capability in firms can positively affect technological diversification and developing I4 technologies. The research further analyzes the impact of public R&D support in I4 technology development. The analysis finds that public support is relatively more effective for firms that possess low technological relatedness and less so for firms that already have accumulated related technologies. This research is expected to inform policy design supporting firm diversification towards I4 transition.
The Metaverse

(Washington, DC: World Bank, 2022-06-08) World Bank

The Metaverse, widely regarded as a successor to today’s internet, is a concept embodying a unified digital world that is tightly connected to the physical world. In the Metaverse, people can interact without physical or geographic constraints and enjoy a compelling sense of social presence. This offers a positive impact on the real world in various areas. In addition, the Metaverse can serve as a globally unified economic system for digital content that enables entities in different countries to interact frictionlessly. The emerging technologies curation series aims to capture and share Korea’s experience and lessons learned in regard to the exploration and adoption of emerging technologies such as blockchain, AI, edge-computing, IoT, 5G, and so forth. This third issue in the series briefly describes the Metaverse and its potential for solving development challenges, alongside key highlights of Korea’s experience.
Technologies Leveraging Edge Computing for Development Impact

(Washington, DC: World Bank, 2021-05-11) World Bank

Edge computing increases energy efficiency, reduces latency, and provides context awareness for compute-intensive applications far from data centers, increasing the viability of technologies such as autonomous transport and augmented and virtual reality. The emerging technologies curation series aims to capture and share Korea’s experience and lessons learned in regard to exploration and adoption of emerging technologies like blockchain, artificial intelligence (AI), edge-computing, internet of things (IoT), 5G, etc. AI edge computing, the second of the series, provides a short description of edge computing and its potential for solving development challenges and key highlights of Korea’s experiences. The Korea edge computing note is a collaboration effort of the World Bank (WB) Korea country office, the ITS Technology and Innovation Lab and Unit, the Digital Development (DD) Global Practice, and the Finance, Competitiveness and Innovation (FCI) Global Practice.
Korea Blockchain Ecosystem

(Washington, DC: World Bank, 2021-04-22) World Bank

Emerging technology curation series aims to capture and share Korea experience and lessons learned in regard to exploration and adoption of emerging technologies like blockchain, AI, edge-computing, internet of things (IoT), 5G, etc. Korea blockchain ecosystem is the first of the series and provides a short description of the blockchain technology and its potential for solving development challenges and key highlights of the Korea blockchain ecosystem. Blockchain is a decentralized technology, which facilitates collaboration and exchange of transactional data and information among and across different players, industries, sectors, and countries in a secure and transparent way. The reports present: ABC of blockchain technology; blockchain value proposition for development agenda; and Korea blockchain ecosystem.