Manufacturing Effectiveness in Latin American Countries for South Korea: Holistic Approach in Energy Uses and Infrastructure

Abstract

Latin America has been noted as a promising partner for South Korea, but the geographical barrier has locked in potential business opportunities. In this context, practical investigations are required for the manufacturing sector’s environmental conditions and system. It was introduced some functional indexes of energy consumption and infrastructure to apply them to the manufacturing sector under PEST analysis. This analysis found the environmental differences in some critical aspects: alternative energy policy in political factors and the gap of energy intensity, which would more stand out with the propensity of electricity consumption in the economic consideration. However, there is a positive transition: the increased capacity of installed power generation would decrease the risk of relatively weak accessibility to the electricity supply.