E-Commerce in Korea

Paper Summary:

E-commerce has received much publicity as the growth of on-line business-to-consumer and business-to-business companies has created impressive stock gains for the industry. The nature of the internet has meant that these gains have not been limited to a single country, but have instead been seen throughout the world, although with varying degrees of success. South Korea and its market is the focus of this discussion. According to the author, e-commerce in this market is supposed to increase substantially in the next year, accounting for only 1 percent of global e-commerce. Further, since has it only recently participated in such activities, it is likely that the .com rise and fall of north America will be repeated. However, at this rate, it is likely Korea will become an active participant in the internet in the coming years.

Topics Include:
E-Commerce in Korea
The Role of the Korean Government in E-Commerce
International Partners in Korean E-Commerce
Future Growth of E-Commerce in Korea
Possible Negative Factors in Korean E-Commerce

From the Paper:

"South Korea has a strong Internet infrastructure which received additional support in 1999 as Hewlett-Packard and IBM announced expansion activities in the South Korean market. Hewlett-Packard Korea focused on expanding its "Build the Electronic World" e-commerce solution and enhancing its cyber payment project within the South Korean market ("Cyber Payment," 1999, p. 27). IBM is also aggressively marketing its e-business solutions within Korea. The company's Net.Commerce product focuses on providing payment services to e-commerce organizations, but the company is also putting together a group of distributors, financial service providers and certification companies ("Company is Far Ahead," 1999, p. 28)."

More papers on E-Commerce in Korea:

• Essay # 24430 : "E-Commerce in Korea"
• Essay # 1372 : "Business Plan for a Commercial Center in Korea"
• Essay # 33668 : "Political Development in Korea"

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