I recently found your blog and so far I really enj...

2010-02-12T04:41:09.350+09:00

I recently found your blog and so far I really enjoyed your posts. I am studying economics PhD in US right now. So my opinion is from economics.

First of all, IT sector and market in Korea are promising and relatively have some advantage from other countries because of the geographically proper size of country, the tastes of Korean and so on. Even though the large size companies have a hard time to change, the bigger size can create the efficiency, in economics, it is called "increasing returns to scale."
Like what we observed after adopting iPhone, Apple's market share keep increasing. In the government point of view, we want to protect our national companies to succeed in the future. I agree with your argument in the long term or mid term perspective.
The other issue about this type of industries is that this industry follows "two-sided market" characteristics. One of the striking results from the two-sided market is sometimes monopoly is appropriate for the society point of view. From now on, economist and legal authorities also beleive that monopoly is kind of evil for the society but nowadays we need to be careful about this type of issues. Korean portal site has been really special too relative to the world wide observation.
I am not 100% sure that Korea Government policies about IT are proper. However, following some new researches in economics, I can understand the direction of the policy. But as you know, it cannot be intended from the government it's just from the old legal and political systems.

Thanks again for the valuable posts. Happy new year~!

Comments on Korea's Information Society----한국의 정보 사회: Korea's "IT Powerhouse" Paradox

I recently found your blog and so far I really enj...