Continual Growth, Inhibitors, and Implications of Information Communication Technology in South Korea from a North American Perspective

Despite their late development into the information communication technology (ICT) market, several countries in continental Asia have emerged as technological and industrial leaders in the world. With its information communication technology (ICT) initiatives and policies, South Korea has emerged from its chaotic history as one of Asia's most advanced ICT economies. It could be argued that South Korea has made the same technological progress in 30 years that took the United States to do in over 100. However, rapid growth cannot be achieved without difficulties along the way. The current research presents the ICT growth of South Korea along with factors inhibiting future growth. While South Korea has advanced through government initiatives and diligence among a hard-working society, new initiatives, including the Blue Ocean strategy must be established in order to sustain its competitive advantage. A review of inhibitors limiting continued growth is presented with recommendations for overcoming these limitations.