Post COVID-19, Prospects and Implications of Changes in the Growth Conditions of the IT Industry

Jongki Kim ()
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Jongki Kim: Korea Institute for Industrial Economics and Trade, http://www.kiet.re.kr

No 20-16, Industrial Economic Review from Korea Institute for Industrial Economics and Trade

Abstract: Up until the beginning of 2020, expectations for a global economic recovery were high due to advances in the fourth industrial revolution (4IR) based on artificial intelligence (AI), data, and the Internet of Things (IoT), the commercialization of 5G worldwide, and large-scale sports events. Contrary to expectations of a recovery, however, a global pandemic caused by the novel coronavirus (COVID-19) is negatively affecting the global economy and industry. This paper examines the impact of the spread of the coronavirus on the global IT industry and projects changes in the growth conditions since the start of the COVID-19 pandemic from a supply and demand perspective. In addition, by diagnosing the status and pending issues of Korea’s IT industry at this point, this paper proposed ways to grow the domestic IT industry in the post COVID-19 era.

Keywords: IT industry; Korea; COVID-19; IT policy (search for similar items in EconPapers)
JEL-codes: L63 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2020-12-01
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