On April 16, 2015, Dr. Tcha, Moonjoong from KDI gave a lecture on the topic of “Faces of Korea’s Manufacturing – Overview”. Dr. Tcha provided a constructive overview on the history of Korean industrial policy and analyzed current trends and future prospects of Korean manufacturing industry in relation to high integration of GVCs and the rise of service sector. Through a value-added approach and employment share approach of understanding the manufacturing sector in terms of exports, productivity, and GDP contribution, he emphasized a need for structural reform in the Korean industry sector in order to combat non-convergence trap problem, while facing continuous slowdown of Korea’s economic growth.