Having said this, I must admit that not all economic agents in Korea are finding it easy to adapt to this hollowing-out of manufacturing, because it is taking place so fast and its ripple effects have such awesome destructive power. Seen in this light, the hollowing-out of manufacturing may well appear threatening to the Korean economy in certain respects and in the short term.
Looked at calmly overall and taking a longer-term view, however, the process brings fresh opportunities for the Korean economy’s upgrading and development. In other words, it is challenges like these that spur on the Korean economy to still more energetic advances.