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E-Commerce in Korea
- E-Commerce in Korea
- Ministry of Commerce, Industry and Energy
- Ministry of Commerce, Industry and Energy
| Title |
E-Commerce in Korea
Similar Titles
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|---|---|
| Material Type | Reports |
| Author(English) |
Ministry of Commerce, Industry and Energy |
| Publisher |
[Sejong, South Korea] : Ministry of Commerce, Industry and Energy |
| Date | 2018 |
| Pages | 50 |
| Subject Country | South Korea(Asia and Pacific) |
| Language | English |
| File Type | Link |
| Subject | Industry and Technology < IT Government and Law < Governance Government and Law < Public Administration |
| Holding | United Nations Public Administration Network |
| License |  |
Abstract
The spread of the Internet and Internet-based e-commerce are rapidly changing the paradigm for economic activities of nations and enterprises. The global economy is fast being converted into an e-commerce system, and the size of e-commerce is expected to exceed $7 trillion in 2004, as compared with $430 billion in 2000. In order to compete in a unified global market, businesses all over the world are involved in life-or-death rivalry, and the EU and other nations such as the United States and Japan are engaged in a fierce contest in a bid to take the lead in e-commerce. Governments in developed countries are focusing on establishing infrastructure and improving relevant institutions and eagerly attracting skilled manpower from abroad. Under these circumstances, Korean companies are accelerating their efforts to facilitate ecommerce, while the Korean government is endeavoring to come up with industrial policies central to e-commerce, by establishing the Basic Act on Electronic Commerce in 1999, "Comprehensive Policies for e-Commerce Development" in 2000 and "e-Business Initiative in Korea" in 2001
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