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Showing posts with the label #The 4th Industrial Revolution

Victory before the War

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 In 1592, Japanese army suddenly invaded and occupied Joseon dynasty, a peaceful land of ancient Korea. For the next seven years, a terrible war continued, and during that war, many people were killed and their property lost in the land of Joseon. Shortly before the end of the war, the strong Japanese navy led over 300 warships the coastal waters of the southwestern part of the Korean Peninsula, and attacked the Joseon navy with 12 old warships and some of defeated soldiers tired of the long war. Unfortunately, Admiral Yi Sun-sin, who was being temporarily punished for political party fights during the long war, had to hurry to participate the battlefield of crisis by leading the so weak Joseon navy as a classless soldier. Just in September 1597, Admiral Yi Sun-sin resisted by encountering a mighty Japanese warship on the narrow waterway between the land Haenam and the island Jindo in south Jeolla Province with 13 more battleships. The narrow sea road on the battlefield there was a...

The Sewing Factory on the Supply-side, the Answer to Overcome the Crisis is Nothing but Innovation

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“Dongdaemun market is one of the world’s leading business system with one-stop supply chain that includes design, fabric and parts procurement, sewing and physical distribution.” Professor Janice H. Hammond from Harvard Business School explained. + As everyone knows, Dongdaemun market immediately sells fashion products manufactured by many sewing factories around the market. On the other hand, few people know the story of the birth of such a sewing factory. After the Korean war, which lasted for three years from 1950, the Pyeonghwa Market with such a business system was first created on this marketplace. In the Pyeonghwa Market, shops were open on the first floor, and sewing factories were located on the second and third floors. When designing the market building, some of sewing factories were also put together.  According to this unique business system, merchants in Dongdaemun market produced and sold fashion products in one place. It was a wonderful thing. Since then, the sewing ...