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E-Commerce in Korea

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  • E-Commerce in Korea
  • Ministry of Commerce, Industry and Energy
  • Ministry of Commerce, Industry and Energy


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Title E-Commerce in Korea
Similar Titles
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