Amidst evolving industrial environments characterized by intensified technological supremacy competition and the transition to carbon neutrality, targeted industrial policies are re-emerging as a significant tool for major countries. This study focuses on the national champion policy, a key instrument of targeted industrial policy. Specifically, it analyzes the effectiveness of South Korea's 'World Class 300' project. In addition, it draws implications from international policy cases for creating national champions. The aim of this study is to propose improvement measures for designing effective targeted industrial policies.

Chapter 2 examines the status and role of targeted industrial policies within the conceptual framework of industrial policy and introduces the current policies in Korea. It also discusses the effectiveness of targeted industrial policies. Chapter 3 reviews Korea’s industrial growth trajectories over the past decade by analyzing corporate activities and productivity patterns by industry and firm size. Chapter 4 assesses the effectiveness of national champion policy, focusing on the World Class 300 project as a representative case. It provides an overview of the implementation processes and analyzes the project's effectiveness. Finally, Chapter 5 discusses implications from similar international policy cases and proposes improvement measures for targeted industrial policies.

Preface
Executive Summary

Chapter 1 Introduction

Chapter 2 Understanding Targeted Industrial Policy
　Section 1 Conceptual Framework of Industrial Policy
　Section 2 The Scale of Business Support and Targeted Policies in Korea
　Section 3 Debating the necessity and effectiveness of targeted industrial policy
　Section 4 Design of Targeted Industrial Policy

Chapter 3 Korea's Industrial Growth Trajectories over the Last Decade
　Section 1 Analytical Data and Productivity Estimation
　Section 2 Growth Dynamics by Industry
　Section 3 Growth Dynamics by Firm Size

Chapter 4 Effects of the National Champion Firm Fostering Policy
　Section 1 Characteristics of World Class 300 Businesses
　Section 2 Empirical Methodology
　Section 3 Analysis Results

Chapter 5 How to Improve Selective Industrial Policies
　Section 1 Examples and Implications of Targeted Industrial Policies in Foreign Countries
　Section 2 Policy Recommendations

References
Appendix
ABSTRACT