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Strategic considerations for development of the ICT industry in Korea : Exploratory research using input-output analysis

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Title Strategic considerations for development of the ICT industry in Korea
Similar Titles
Sub Title

Exploratory research using input-output analysis

Material Type Articles
Author(English)

Jung, Joonhwa

Publisher

[Sejong, South Korea] : Science and Technology Policy Institute

Date 2016-10
Journal Title; Vol./Issue STI Policy Review:vol. 7(no. 2)
Pages 21
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < IT
Holding Science and Technology Policy Institute
License

Abstract

This study compares the economic impacts among ICT sectors and derives strategic considerations for de¬velopment of the ICT industry in Korea. Prior to analysis, this study classified ICT industry into four sectors: ICT equipment, components, service, and SW/system. This study conducted Input-Output Analysis on the four ICT sectors. An Input–Output Analysis is a quantitative economic technique that represents the direct and indirect interdependencies between different industries of a national economy. Features of each ICT sector were observed in the results. Within the ICT equipment sector, production is decreasing, import dependence is increasing, and employment size is very low, relative to the overall ICT industry. The component sector accounts for the over half of the output and value added of the ICT industry, but domestic production has recently declined. The subsector experienced decreasing production and increasing imports relative to the other ICT subsectors. (The rest omitted)