Governmental Policy Recommendation for the Implementation and Expansion of Paperless Trade in Korea

This study has dealt with six core areas of paperless trade implementation: the importance of legal-institutional support, global linkage of technological infrastructure, standardization of electronic documents, the establishment of electronic bills of lading, international cooperation, and policy recommendation for the expansion of paperless trade. Three things can be characterized. First, the proposals included in this paper have placed emphasis on feasibility and practicality. Second, plans are proposed in detailed steps. This is because to implement the tasks without setbacks, efficient step-by-step strategies are needed. Third, much emphasis is placed on the necessity to establish a policy in each country. In particular, the national policy should deal with legal-institutional, technological, and electronic document standardization. This can be especially useful in three areas: governmental policy development for the expansion of paperless trades; the formation of the infrastructure for paperless trade in the areas of laws, institutions, and technological foundation; and the establishment of recommendations for cooperation with international organizations.