• Industry: Technology, Media, Telecommunications
  • Type: Survey report
  • Date: 9/4/2012

Korea embraces 10 new IT technologies 

Korea’s position as a top semiconductor, display and mobile industry leader has been achieved by promoting technology-intensive industry policies, strategic investment plans and concentrated government strategies.

These programs emphasize the role of IT and IT-converged technologies in improving industrial productivity, accelerating potential demand and creating new types of businesses.

The government has selected 10 critical new IT technologies to increase global competitiveness and keep up with the fast-paced IT industry, targeting $43.3 billion in sales and $19.7 billion through exports by 2020.

Five strategic areas form the focus on these plans: mobile devices; IT materials; software computing; networks; and IT convergence with other businesses.

“Korea’s IT industry is the core growth engine for its national economy. As technology and industry converges, the IT’s role and scope is rapidly spreading throughout the economy and wider society. Even with the ongoing European financial crisis and continued global uncertainty, Korea’s IT sector aims to become an innovator in cloud, mobile, and network technology by keeping a step ahead in investment and R&D.”

- Seung Hwan (Sean) Choi, National Industry Leader, Technology, Media and Telecommunications, KPMG in Korea


Share this

Share this