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The Transition of Economy from Analogue to Digital in the XXI Century by the case of the Republic of Korea

Author

Listed:
  • Dok Hee OH
  • Aliaksei DANILCHANKA
  • Boris ZHALEZKA
  • Volha SINIAUSKAYA

Abstract

The article demonstrates the impact of digitalization on the political system and economy of the Republic of Korea based on the IT-revolution of the XXI century. Research methods used include comparative, system and logical data analysis, and the investigation of the digitalization trends. Data from Korean National Statistical Office and other official open sources are used for the determination of the main digitalization trends in the Korean economy. An analysis of specific phenomena arising in the economy and society as a whole is carried out under conditions of the digital economy. The evolution of the digitalization of hardware and software in the Republic of Korea is presented. The consequences of the transition of the economy from analogue to digital are revealed in such areas as the structure of the economy and business model, economic integration and liberalization, resource allocation and balanced development of regions, the role of government, and the intellectual property system.

Suggested Citation

  • Dok Hee OH & Aliaksei DANILCHANKA & Boris ZHALEZKA & Volha SINIAUSKAYA, 2021. "The Transition of Economy from Analogue to Digital in the XXI Century by the case of the Republic of Korea," Eastern European Journal for Regional Studies (EEJRS), Center for Studies in European Integration (CSEI), Academy of Economic Studies of Moldova (ASEM), vol. 7(1), pages 107-131, June.
    • Handle: RePEc:aem:journl:v:7:y:2021:i:1:p:107-131
    DOI: https://doi.org/10.53486/2537-6179.7-1.06
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    References listed on IDEAS

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    1. Aliaksei DANILCHANKA & Boris ZHALEZKA & Volha SINIAUSKAYA & Kseniya YAKUSHENKA, 2018. "Digital Engineering Entrepreneurship as New Direction of Master Studying in Belarus," Eastern European Journal for Regional Studies (EEJRS), Center for Studies in European Integration (CSEI), Academy of Economic Studies of Moldova (ASEM), vol. 4(2), pages 31-49, December.
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      More about this item

      Keywords

      digital economy; Republic of Korea; liberalization; IT-revolution; high-tech content.;
      All these keywords.

      JEL classification:

      • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
      • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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