This study aims to examine how the informatization of Korea’s industries has progressed, and to induce policy implications based on a comparison with other advanced economies such as the U.S. and Japan.
Korea’s information industry in 1998, calculated in 1995 constant prices, accounts for about 12% of total industrial production and value-added, and is three times bigger than that of the late 1980s. The country shows a slightly higher degree of informatization in the overall industrial structure than the U.S. and Japan, with its information sector constituting about 20% of its total trade.
Since the late 1980s, information investment and information capital stock have rapidly grown in Korea. The share of information capital in total capital stock rose from 2.6% in 1985 to 3.8% in 1998. The rate of growth of information investment was high in electronic components, printing/publication, and strategic gas, and low in postal services and construction sectors. Information capital ratio was highest in broadcasting/communication and electrical devices, and relatively low in public administration, real estate, and construction sectors. Korea’s information capital ratio, calculated in 1998 current prices, stands at 3.6%, which is a bit behind 4.2% of the U.S. However, Korea experienced a faster growth of information investment and capital stock compared to the U.S. and Japan, except during the financial crisis period.
Information-related intermediate input ratio and information intensity, which reflect the degree of informatization in production process, has soared in Korea. For example, the former ratio hit 10% in 1998. However, these indicators still stay lower than those of Japan. While Korea’s informatization of the industrial structure, which reflects the expansion of information industry, matches those of the U.S. and Japan, its informatization of production process, which shows how information technologies are applied in overall industries, still lags behind those of the two countries. Contribution of information investment to the overall industrial productivity stands at about 0.5% per year from 1990 to 1998, and keeps increasing over time.
Future informatization policies must focus on promoting increased use of information technologies in non-information industries, such as traditional sectors. In other words, Korea must strengthen the linkage between traditional and information-related sectors. It also has to commence reform of production organization/process and management practices, and promote investment in intangible assets complementing the informatization trend and information-related equipment.
우리나라 산업의 정보화 추이와 성과
|Series Title; No||Issue Paper / 2002-112|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Industry and Technology < IT|
|Holding||KIET; KDI School|