A Case of A Government-Mandated Online Transaction Standard Acting As A Technical Barrier To Trade in South Korea Nigel Callinan

A Case of A Government-Mandated Online Transaction Standard Acting As A Technical Barrier To Trade in South Korea

Author (s)

Nigel Callinan

Abstract

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 explores 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 and this reliance on this ecosystem may have been a problem for Korean companies when trying to expand overseas.

Key words: Internet, Security, Encryption, Trade, Barrier, Technology, Korea.

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Title: A Case of A Government-Mandated Online Transaction Standard Acting As A Technical Barrier To Trade in South Korea
Author:

Nigel Callinan

Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.3631315
Media: Online & Print
Volume: 4
Issue: 1
Acceptance Date: 21/01/2020
Date of Publication: 30/01/2020
PDF URL: https://ijsab.com/wp-content/uploads/454.pdf
Free download: Available
Page: 173-184
First Page: 173
Last Page: 284
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Nigel Callinan (2020). A Case of A Government-Mandated Online Transaction Standard Acting As A Technical Barrier To Trade in South Korea. International Journal of Science and Business, 4(1), 173-184.  doi: 10.5281/zenodo.3631315

Retrieved from https://ijsab.com/wp-content/uploads/454.pdf

 

About Author (s)

Nigel Callinan, Assistant Professor, Department of Global Business, Hannam University, South Korea.

 

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DOI: https://doi.org/10.5281/zenodo.3631315

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