Where Does South Korea Stand in its Digital Transformation Journey?

Sora Lee ()
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Sora Lee: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr/en

No 25-8, Industrial Economic Review from Korea Institute for Industrial Economics and Trade

Abstract: In recent years, digital transformation has emerged as the most significant issue in the Korean economy. During the COVID-19 pandemic, non-face-to-face economic activities suddenly became critical to everyday life. Around the world, people began to adapt to digital technologies that enabled remote communication and the ability to carry out daily living tasks without having to physically interact with other people. And it was at this same time that governments turned to innovation through digital transformation to revitalize economies hit hard by the pandemic. The governments of most major economies, including Korea, have been focusing heavily on digital investment. Now, several years into the trend, it is essential to assess how far Korea has come in its digital transformation journey. This study opens with a cross-country comparison, examining the current state of digital transformation in Korea and its comparable countries. It also reviews how the digital transformation is unfolding across various domestic industries and proposes a strategy for enhancing the nation’s digital maturity and competitiveness.

Keywords: digital transformation; DX; AI; Internet of Things; advanced software; Industry 4.0; Korea New Deal Comprehensive Plan; South Korea; Korea Institute for Industrial Economics and Trade; KIET (search for similar items in EconPapers)
JEL-codes: L86 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2025-04-30
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