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Korea

Survey

Survey: Korean consumer sentiment during the coronavirus crisis

– South Korean consumers believe that it will take more than six months for an economic recovery.
Article

Korean manufacturing’s digital transformation must escape ‘pilot purgatory’
– South Korean manufacturers need more than gradual improvements—they need complete transformations through digital technologies.
Interview - Voices on Infrastructure

The year of future transportation: An interview with Seoul Mayor Park Wonsoon
– As Seoul’s mayor seeks to bring transportation improvements to the city, he must carefully consider how to implement sustainable... infrastructure and new technologies to best meet citizens’ needs.
Report

Bracing for consolidation in Asia–Pacific banking: The quest for scale
– To emerge from a period of potential consolidation, Asia’s banks must reinvent themselves or risk disappearing.
Report - McKinsey Global Institute

Outperformers: High-growth emerging economies and the companies that propel them
– Some emerging economies have grown much faster and more consistently than others. Underlying these success stories is a pro-growth... policy agenda and the standout role of large companies.

Perspectives on the future of Asia

A South Korean perspective

Wonsik Choi, managing partner of McKinsey in Korea, discusses how diversity, scale, and technology will unleash and shape Korea. Although the country has been on an accelerant growth path for the past 30 to 40 years, he says, each person must improve productivity for the economy to grow. Can Korea catch up?

Asia: A hotspot in the hydrogen market

Bernd Heid, a senior partner in McKinsey’s Cologne office, discusses the forces reshaping the hydrogen market in Asia, from technological advancement to cross-regional cooperation and government policies and roadmaps. He also addresses Asia’s role as the global hotspot for hydrogen economy interdeployment.

‘Superstar’ companies in Asia

In times of great economic uncertainty, which companies become superstars? Can other companies emulate their strategies? At the Maekyung Economy 40th Anniversary Forum, Wonsik Choi, managing partner of McKinsey in Korea, explains the so-called "superstar” effect leading to a polarization of economic profit between companies.