Hana Financial Research Institute Publishes Book 'The Rise and Fall of Wealth in the COVID-19 Era'

Post-COVID Industrial Landscape Outlook

[Asia Economy Reporter Kim Min-young] Hana Financial Research Institute, affiliated with Hana Bank, has published a monograph titled "The Rise and Fall of Wealth in the COVID-19 Era," analyzing industrial structural changes after the novel coronavirus infection (COVID-19).

According to Hana Bank on the 2nd, this book, written by researchers, forecasts structural changes in major industries by sector following the COVID-19 pandemic (global pandemic), addressing how the industrial landscape will change in the post-COVID era.

The monograph consists of four chapters, providing an overview of the economic upheaval caused by COVID-19, followed by detailed analyses of ▲ contactless (untact)-based service industries ▲ the IT industry and investment markets with mixed prospects ▲ and traditional industries expected to be hit hard by COVID-19.

In this book, the researchers predicted the post-COVID industrial structural changes as follows: "There will be differences in recovery speed by industry after COVID-19. The recovery of service industries with a high domestic demand ratio will appear first, and especially the home economy?where people eat, work, and study at home?will establish itself as a new consumption pattern."

They also forecasted, "The establishment of untact culture will promote ICT development and infrastructure demand, naturally expanding demand for data centers, while shared economy companies, once highly valued, will face a crisis."

Companies that directly experienced global supply chain uncertainties due to the pandemic will strive to build more stable supply systems, and the airline industry, severely hit by COVID-19, is expected to be reorganized around leading companies, the analysis stated.

The institute emphasized that this book can provide much food for thought not only for corporate executives but also for individuals. Jung Joong-ho, head of Hana Financial Research Institute, said, "This monograph was published based on an industrial analysis report following the COVID-19 outbreak," adding, "We plan to continue publishing analytical reports on economic and industrial structural changes caused by COVID-19."

This content was produced with the assistance of AI translation services.