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학술저널

A Qualitative Study of the Effects of a Government-Mandated Online Transaction Standard Acting as a Technical Barrier to Trade in South Korea

One serious ICT downside to being entirely reliant on one system is when that security wall is breached. This became apparent on 25th January 2003, when almost the entire Korean Internet environment, including banking and stock market systems, became completely paralysed for 9 hours in the wake of a worldwide virus that exploited certain Windows security loopholes. Other countries were also affected, but as the market share of Microsoft Windows for client PC’s in Korea was 99.4% at the time, it temporarily brought the Internet in the country to a virtual technical standstill. Technical Barriers to Trade can form formidable hurdles for Organizations seeking to sell products and provide services to specific countries. These barriers are frequently erected based on government-mandated standards. This paper discusses the use of Online Transaction Standards in South Korea and establishes the effect the Standards had on competition and diversity when it came to the availability of service providers for the country’s domestic market. The paper concludes that a small number of companies benefitted from the unique business ecosystem set up within an effectively closed market.

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