Development of Information Communication Technology Industry and Public Policy in South Korea

  • Changjun LeeEmail author
  • Yooil Bae
Living reference work entry


South Korea (hereafter Korea) has enjoyed spectacular growth rates since the 1960s. Since this time, Korea’s economy has grown by an average of 7% each year and its gross domestic product (GDP) per capita has increased from 158 USD in 1960 to 29,742 USD in 2017. Nowadays, Korea is the fourth largest economy in Asia and the twelfth largest in the world in terms of GDP. In addition, many Korean companies have become global leaders in areas such as: consumer electronics, automobiles, ship building, and steel to name but a few. To these ends, the well-known “economic miracle of the Han River” has transformed Korea from that of a recipient-based economy to a donor-economy and has resulted in Korea gaining elite G-20 status.

In the context of the above, several factors have contributed to Korea’s impressive growth rates namely: a favorable international market, high ratio of skilled workers, centralized financial system, and highly educated workforce. Nevertheless, academics and...

This is a preview of subscription content, log in to check access.


  1. Birdsall NM, Campos JEL, Kim C-S, Corden WM, Mac Donald L (eds); Pack H, Page J, Sabor R, Stiglitz JE (1993) The East Asian miracle: economic growth and public policy: main report (English). A World Bank policy research report. Oxford University Press, New York.
  2. Boschma R (2017) Relatedness as driver of regional diversification: a research agenda. Reg Stud 51(3):351–364. Scholar
  3. Choung J-Y, Hameed T, Ji I (2012) Catch-up in ICT standards: policy, implementation and standards-setting in South Korea. Technol Forecast Soc Chang 79(4): 771–788. Scholar
  4. Inaba T, Squicciarini M (2017) ICT: a new taxonomy based on the international patent classification. OECD science, technology and industry working papers, no. 2017/01. OECD Publishing, Paris. Scholar
  5. Jaffe AB, Trajtenberg M (2002) Patents, citations, and innovations: a window on the knowledge economy. MIT press, Cambridge, MAGoogle Scholar
  6. Kogler DF, Rigby DL, Tucker I (2013) Mapping knowledge space and technological relatedness in US cities. Eur Plan Stud 21(9):1374–1391. Scholar
  7. Larson JF, Park J (2014) From developmental to network state: government restructuring and ICT-led innovation in Korea. Telecommun Policy 38(4):344–359. Scholar
  8. Lee K (2005) Making a technological catch-up: barriers and opportunities. Asian J Technol Innov 13(2): 97–131. Scholar
  9. Lee C, Kim H (2018) The evolutionary trajectory of an ICT ecosystem: a network analysis based on media users’ data. Inf Manag 55(6):795–805. Scholar
  10. Lee C, Kogler DF, Lee D (2019) Capturing information on technology convergence, international collaboration, and knowledge flow from patent document: a case of information and communication technology. Inf Process Manag 56(4):1576–1591. Scholar
  11. Lucas RE Jr (1988) On the mechanics of economic development. J Monet Econ 22(1):3–42. Scholar
  12. Onodera O, Kim H (2009) Trade and innovation in the Korean information and communication technology sector. OECD J: Gen Pap 2008(4):109. Scholar
  13. Pirie I (2016) South Korea after the developmental state. In: The Asian developmental state. Palgrave Macmillan, New York, pp 139–158Google Scholar
  14. Vu KM (2011) ICT as a source of economic growth in the information age: empirical evidence from the 1996–2005 period. Telecommun Policy 35(4): 357–372. Scholar
  15. Woo JE (1991) Race to the Swift: State and Finance in the Industrialization of Korea. Columbia University PressGoogle Scholar

Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Media & Social InformaticsHanyang UniversityAnsanSouth Korea
  2. 2.Fulbright School of Public Policy and ManagementFulbright University VietnamHo Chi MinhVietnam