Do we need broadband? Impacts of broadband in Korea

Purpose - The purpose of this paper is to examine the widely-held assumption that broadband infrastructure will bring social and economic benefits. Design/methodology/approach - The paper examines the impacts of broadband in Korea, a country with the highest penetration rate of broadband. The current status of broadband in Korea is examined, followed by an assessment of its impact on electronic commerce, overall economic effects and new business opportunities. Findings - There is evidence of positive impacts of broadband development in Korea. Most importantly, broadband internet not only provides a driving force for new businesses for related industries, but also forms a springboard for future infrastructure in the network economy. Research limitations/implications - The paper focuses on positive impacts, which are largely anecdotal, and does not seek to assess negative impacts. Originality/value - There has been little research in to the socio-economic benefits of broadband. In addition, the paper provides a snapshot of development in South Korea.