Core Insights - A recent survey indicates that only 32.4% of South Korean companies believe their technological competitiveness surpasses that of Chinese companies, a significant decline from 89.6% in 2010 [1][2] - Over half of the surveyed South Korean firms feel that their technological capabilities have been matched or surpassed by Chinese firms over the past 15 years [1] - The perception of manufacturing speed has also shifted, with 42.4% of respondents believing that Chinese companies are faster, compared to 35.4% who think South Korean companies are faster [1] Industry Analysis - The survey conducted by the Korea Chamber of Commerce and Industry involved 370 domestic manufacturing companies [1] - 45.4% of the companies believe the technological gap between them and Chinese firms is minimal, while 22.2% acknowledge that Chinese companies are leading [1] - Seven out of ten surveyed companies anticipate that the rapid growth of Chinese industries will lead to a decline in South Korea's global market share and sales over the next three years [1] Price Competitiveness - A strong price competitiveness of Chinese products is highlighted, with 84.6% of South Korean companies stating that domestic products are more expensive than Chinese ones [2] - More than half (53%) of the respondents believe that Chinese products are at least 30% cheaper [2] - Specific industries such as semiconductors, batteries, steel, textiles, and apparel show significant price differences, with Chinese semiconductors priced at approximately 65% of South Korean prices and batteries at 73% [2]

Group 1 - A recent survey indicates that only 32.4% of South Korean companies believe their technological competitiveness is superior to Chinese companies, a significant decline from 89.6% in 2010 [1][2] - The survey conducted by the Korea Chamber of Commerce and Industry involved 370 domestic manufacturing firms, revealing that 45.4% perceive the technological gap as minimal, while 22.2% acknowledge that Chinese companies are ahead [1] - The perception of manufacturing speed has also shifted, with 42.4% of respondents believing that Chinese companies are faster, compared to 35.4% for South Korean firms [1] Group 2 - Price competitiveness of Chinese products remains strong, with 84.6% of surveyed South Korean companies stating that domestic products are more expensive than Chinese ones, and over half (53%) claiming that Chinese products are "at least 30% cheaper" [2] - In specific sectors, such as semiconductors, batteries, steel, textiles, and apparel, Chinese products are significantly cheaper, with semiconductor prices at approximately 65% of South Korean prices and batteries at 73% [2] - The decline in South Korean manufacturing competitiveness is attributed to China's investment policies and flexible regulations, while South Korea relies on tax incentives that disadvantage larger companies [2]