Korean Experience of Overcoming Economic Crisis through ICT Development

The Republic of Korea experienced serious economic crisis a decade ago and ICT development contributed greatly to overcoming Korean economic crisis. Korea’s experience shows how information and communications technology (ICT) can be used for overcoming the global economic crisis. This paper is organized as follows: 1) the 1997 economic crisis and the role of ICT, 2) the result of ICT development right after the economic crisis, 3) major tools to develop the ICT sector, 4) background of successful government ICT initiatives, and 5) implications from the Korean experience.