A Case of A Government-Mandated Online Transaction Standard Acting As A Technical Barrier To Trade in South Korea

Nigel Callinan

International Journal of Science and Business, 2020, vol. 4, issue 1, 173-184

Abstract: Technical Barriers to Trade can form formidable hurdles for Organizations seeking to sell products and provide services to specific countries. These barriers are frequently erected based on government-mandated standards. This paper discusses the use of Online Transaction Standards in South Korea and explores the effect the Standards had on competition and diversity when it came to the availability of service providers for the country’s domestic market. The paper concludes that a small number of companies benefitted from the unique business ecosystem set up within an effectively closed market and this reliance on this ecosystem may have been a problem for Korean companies when trying to expand overseas.

Keywords: Internet; Security; Encryption; Trade; Barrier; Technology; Korea (search for similar items in EconPapers)
Date: 2020
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