The slides I prepared for my presentation to the Ministers used the growth curve in South Korea's GNI per capita, based on World Bank data, as an illustration to show the tremendous economic and social development from 1980 to the present. One of the points I made, but probably did not adequately explain, is how decisions made in 1980 and 1981 addressed the ICT sector, years before that acronym (ICT =Information and Communications Technology) came into widespread use.
As shown in the accompanying graphic (click to see a full size version) there were four key decisions.
- To develop and manufacture electronic switching systems through the TDX project.
- To enter the global semiconductor market, through the 4MB DRAM project.
- To begin color television broadcasting, which did not yet exist in Korea.
- To separate the telecommunications business from the Ministry of Communications by forming the Korea Telecommunications Authority (KTA), marking the start of privatization and deregulation.