Business in Korea

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Internet, Mobile, IT and industry in Korea

Korean government supports Information Technologies

The Korean Government has recently shown its strong support to the sector of Information technologies and Telecommunications by the voice of its Ministry of Knowledge Economy. A 5 years plan is supposed to inject 3.5 trillion won ($35 billion) in the economy. The development of radio frequency identification (RFID) technology has been set as a priority.

The plan is really ambitious but the objective of 1,000 technology companies with more than 50 billion won ($50 million) in revenue, and 10 world-class software companies might be unrealistic.

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