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Korea is a leader in ICT. This is demonstrated by its vast ICT-related production and exports, world-class technology and the wide use of internet and mobile communication devices in the country.

ICT industry-related products, such as computer chips and mobile phones, account for over 23 per cent of Korea’s total exports.

As for communications services, nearly every Korean owns at least one mobile phone. Moreover, almost every household has a broadband connection.

All sectors of industry from the food-service industry to public transportation are heavily dependent on computers and ICT. Programs that have been introduced increase both public and private sector R&D investment and nurture highly skilled R&D manpower.

Smart phone penetration rate was over 80 percennt by the end of 2015.

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Reproduction of any part of this article without prior written approval of Asialink Business is strictly prohibited. The information is accurate as of June 2016.

The information above has been sourced from Asialink Business and intended to provide you with a high level overview only. Although NAB has taken care in compiling this information, given the information has been sourced from third parties, NAB cannot guarantee that the information, recommendations or conclusions contained in the above are accurate, reliable, complete or suitable to your circumstances.

Please use your own judgment and seek independent advice from appropriate professionals to ensure you are making the right decisions for your own circumstances.

Asialink Business last updated this information on June 2016.

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