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The Role of Weather and Climate Information as a Growth Engine for Passing the Gross Domestic Product per Head of $20,000  

Kim, Yeong-Sin (Korea Meteorological Administration)
Lee, Ki-Bong (Korea Meteorological Administration)
Kim, Hoe-Cheol (Korea Meteorological Administration)
Publication Information
Atmosphere / v.15, no.1, 2005 , pp. 27-34 More about this Journal
Abstract
High quality meteorological information is the typical product of service business industry which can offer the investment initiative by reducing the uncertainty and by activating other related industries. It requires a high level of meteorological technology and of ability to transform such technology as merchandising products. According to the analysis of the WMO data, the level of Korean meteorological technology is comparable to that of the nation with $17,500, GDP per head. However, the income of the meteorological business agent earns in Korea is 8 billion 4 hundred million won which is less than a tenth of that made by the US or Japan. The potential for such business field in Korea will be strong enough, if one can overcome such weak points. In addition, the efforts made by the government to advance the meteorological technology have been actualized gradually. Korean government will have a chance that is comparable to offering jobs for 20,000 unemployed by creating incomes of 40 billion won by meteorological technology as a sustained economic growth engine. It is proposed that government stimulate demand and supply by focusing on sales quantity than the price. The key points for creating the new demand are marketing and outsourcing of weather and climate information by maintaining the cooperative relationship between private and public sector.
Keywords
Meteorological information; Meteorological technology; Economical growth engine;
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