Working in Korea, from Going Global

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Working in Korea, from Going Global
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   :: Information Technology

Excerpted from the Korea Career Guide

 

If all the worlds a stage, then South Korea stands front and center on the platform of information technology. The IT industry, which had declining sales in 2003 and again in 2004 (by a slight 1.9 percent), is now a strong performer. Analysts predict growth rates from 4.5 to 7.4 percent in the South Korean domestic market taking it to 13 trillion KRW (12.5 billion USD). The system integration and outsourcing niches are expected to expand, while IT consulting declines.

The nation's IT industry is expected to grow on the back of a projected recovery in servers, software and services. The ‘IT839' initiative, the Korean New Deal and upgrades of government systems will likely propel growth of the public sector and financial service firms are also expected to heavily invest in new technologies. A survey of enterprise IT needs by Knowledge Research Group reveals that 45 percent of companies expect to increase IT spending versus 32 percent who said they would reduce spending.

This is just a sample of what you'll find in the complete South Korea guide.




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