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Small and Medium-sized Enterprise Adjustments to Information Technology in Trade Facilitation: The Experience of the Republic of Korea

In: Studies in Trade and Investment: The Development Impact of Information Technology in Trade Facilitation

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  • Junsok Yang

    (United Nations Economic and Social Commission for Asia and the Pacific (ESCAP))

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    Abstract

    International trade has been, and continues to be, one of the most important factors in the growth and development of the Republic of Korea. Because of the importance of trade, the Republic of Korea has always been interested in ways of making trade easier and faster. By the late 1990s, the Republic of Korea was one of the most "wired" countries in the world. Given the rapid pace of IT adoption, it made sense for the Republic of Korea to utilize IT for customs procedures and trade facilitation. The Government of the Republic of Korea vigorously pursued extensive use of IT for cargo clearance in order to reduce transaction costs and regulatory burden for traders, especially small and medium-sized enterprises (SMEs).

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    This chapter was published in:

  • Florian A. Alburo & Yann Duval (ed.), 2010. "The Development Impact of Information Technology in Trade and Facilitation," STUDIES IN TRADE AND INVESTMENT, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), number tipub2584, April.
    This item is provided by United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in its series STUDIES IN TRADE AND INVESTMENT with number tipub2584_chap4.

    Handle: RePEc:unt:ecchap:tipub2584_chap4

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    Related research

    Keywords: Trade facilitation; ICT; IT; SMEs; international trade; customs; the Republic of Korea;

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