Diplomacy Journal Kayla lee

Trade, Industry and Energy 1st Vice Minister Jang Young-jin met with Michael Sinnett, Vice President and General Manager of Product Development for Boeing Commercial Airplanes, on March 30 in Seoul.

They discussed high-tech industry strategy, investment, expansion of aviation GVC (global value chains) cooperation and measures to increase new recruitment at Boeing Korea Engineering and Technology Center (BKETC).

International production, trade and investments are increasingly organized within the so-called global value chains (GVCs) where the different stages of the production process are located across different countries. Globalisation motivates companies to restructure their operations internationally through outsourcing and offshoring of activities.