Recently, there has been a growing tension between the United States and China. The two great powers are competing with each other, trying to maintain or seize global technology leadership. Achieving high levels of technological progress in key areas of the Fourth Industrial Revolution will grant either country an opportunity to become a superpower. Hence, both countries are struggling to promote their own high-tech industries and firms, while trying to suppress those of the other country.
Against this backdrop, the current study aims to analyze the development in the US-China tech competition and its implications for Korea. It then discusses how Korea should react to this change. To this end, the recent changes in the global value chain are explored in relation to China's industrial policy. The competitiveness of both countries in terms of their advanced technology products is also analyzed. Further, the so-called "tech alliances" for both the United States and China, where allies are integrated based not only on the technology, but also on political systems, are analyzed. In addition, 10 key areas of technology competition are intensively explored, providing detailed information on the important characteristics of each technological area, the competitiveness of each country in the area, and the strategies adopted by both countries. Finally, Korea's policy options in each technological area are provided, and comprehensive strategies for Korea are discussed.
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