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Korea to Dominate Digital Future


September 15th, 2004


By GadgetManiac

The Sept. 20 edition of Fortune states that Korea will replace the United States as the world’s most influential nation, at least in the digital world . The magazine cites as reasons: government policies, competition between companies, and Korea’s particular culture.

Specific reasons for Korea’s digital success include the following:

  • Government stated & sponsored goal to become a “knowledge superpower”
  • Removal of excessive regulations
  • Active financial support for corporate investment in the Internet and communication sectors
  • Maintenance of low prices through “vicious competition” among corporations.

The article concludes by saying “Korea is pushing ambitious plans to install a 100-megabyte-a-second high-speed cable by 2012 and incorporate 10 million people into “Smart Homes” in which appliances are controlled by the Internet”.

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