Jang Seob Yoon
Research expert covering South Korea
Digitalization of work in South Korea - statistics and facts
South Korea boasts an innovative, tech-savvy economy that ranks highly on a global scale. Consumers and companies benefit from the well-established internet infrastructure in the country, with high ownership rates of IT devices in everyday life and at work. This environment has enabled domestic enterprises to harness technological advances in their business. Within this context, investments into various facets of informatization are regularly made by stakeholders across different industries in the country.
Which industries are at the forefront of digitalization in South Korea?
When investigating the use of technology by domestic companes, it is pertinent to consider the industries in which they operate. For example, the information and communication industry is inherently close to digital environments, and the adoption rates of emerging technologies are consistently high. The finance industry is another that works in a highly digitalized framework, with a prominent sector related to the fusion of finance and tech. Real estate is another industry with significant demand for big data and other technological developments such as Internet of Things (IoT) and cloud computing.How will Artificial Intelligence disrupt the business climate in South Korea?
The meteoric rise of ChatGPT has brought artificial intelligence (AI) to the center of attention. Experiences with the generative AI chatbot have sparked wider speculation around the globe, and South Korea is no exception. Improvements regarding efficiency and productivity at work are already being experienced by those using such tools at work. However, with AI expected to bring about fundamental changes to the labor landscape, it remains to be seen just how the market will be further disrupted moving forward.
