This visionary announcement was held to drive forward informatization and to form an international consensus. The basic scheme of informatization was discussed and voted on by the Informatization Promotion Committee chaired by the Prime Minister, Han Seung-soo on the 25th of November and it paved the way for this announcement. In addition, it also aimed to send a hopeful message including new opportunities for jobs and businesses to everyone both the public sector and business sector in this eco... [2008-12-16]

  South Korea will expand its R&D investment to 5% of its gross domestic product (GDP) by 2012 to become one of the world's top seven science technology powerhouses by the end of 2008, a high-ranking government official said. In a meeting of the National Science and Technology Council, presided over by President Lee Myung-bak on August 12, Lee Sangmok, the deputy minister for science and technology policy at the Ministry of Education, Science and Technology, said that the government had fin... [2008-09-09]

The IT industry occupied 17 percent of GDP and more than 33 percent of the Korea's exports in 2007. Over 95 percent of Korean households have subscribed to the high-speed Internet and buy IT goods, including memory chips, display products and mobile phones. The IT-based service industry, such as e-transaction, has also rapidly been expanding. The IT industry has contributed 41.8 percent annually to national economic growth for the past five years, playing a key role in overcoming the foreign cur... [2008-08-11]