e-Commerce in South Korea

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E-Commerce in The Republic of Korea

Silvia Sun Ah Lee

e-Commerce &

The Republic of Korea

Seoul

Presidential Republic

100,210 km2

48,875,000

46.5% No Religion29.2% Christians22.8% Buddhists

(King Se Jong)

(Han-gul)Mid-15th century

(Han-gul)

Literacy Rate

97.9%

50 million people

Member: UN, WTO, OECD, G-20, APEC, East Asia Summit15th world largest economyAsian TigerGDP (PPP)per capita: $29,835

HDI:0.877(very high)(12th)

Asian Tigers: HK, Singapore, South Korea, Taiwan9

Exports: electronics, automobiles, ships, machinery, petrochemicals, robotics

1987:National Computerization Plan

13

1994:Korea Information Infrastructure Initiative

US$0.35 billion investedAs of July 2002, 195/212 registry offices digitalized

14

B2G & B2B

1999: Paperless (EDI) clearance procedure computerized105 import/export agencies17major banks11,894 trading companies808 customs offices2002: Customs Data Warehouse (CDW)

US$2 billion annual savings

15

e-Commerce of Agriculture

16

Illegal Fishery Report

18

2001:e-Government

National Information Systems Agency

Presidential Committee on Innovation and Decentralization

Cyber Korea31 e-Government Projects

20

B2C Consumerism

e-Commmerce transaction value:2008 US$400 billion

(B2B: $110 billion)

48 million internet users:81.1% of population (June 2010.International Telecommunications Union)

23

PC Bang: Internet Cafes

24

Virtual Community

18 million Cyworld users:30% of population 90% of users aged 20-29

ProfessionalGamingCulture

Netizens, Netiquette, Comment Culture

Mobile Telecommunications & 3GMobile TVVideo on demandVideo conferencingTele-medicineLocation-based servicesSparkling Korea