South Korea’s high-tech economy threatened by Chinese catch-up


  • TECH
  • Wednesday, 05 Apr 2017

Customers try out Samsung Electronics Co. Galaxy S8 smartphones at the company's D'light flagship store in Seoul, South Korea, on Monday, April 3, 2017. The Galaxy S8 represents Samsung's biggest prospect for a turnaround after the Note 7 debacle last year. Photographer: SeongJoon Cho/Bloomberg

South Korea is famous as a high-tech powerhouse, from Samsung’s smartphones, the world’s fastest Internet connection speed and world-beating innovation. 

And while presidential hopefuls are laying out plans to develop new technology to drive the economy over the next five years, here is a reality check: the advantage of South Korean companies over their Chinese competitors is closing fast. 

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