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The South Korean government declared the IT839 Strategy as a new development strategy for the IT sector in 2004. Under this strategy, the introduction and development of eight (8) new IT services are expected to encourage investment in three (3) key network infrastructures, which in turn will promote the development of nine (9) new growth engines, including equipment, terminal, software, contents, and so on. Moreover, each of the 20 (8 + 3 + 9) sectors of the IT839 Strategy will reap synergistic effects as a result of concurrent growth through cooperation among the government, private sector, and research institutes. The IT839 Strategy is anchored on the belief that IT will bring about qualitative changes in the economic and social paradigm, ultimately aiming to realize a ubiquitous world by forming a virtual circle of developing new services, infrastructures, and growth engines.
Date of Publication: April 2006