The Unfulfilled Promise of Korean Telecommunications Reform
Christopher S. Yoo
University of Pennsylvania Law School; University of Pennsylvania - Annenberg School for Communication; University of Pennsylvania - School of Engineering and Applied Science
LEGAL REFORM IN KOREA (Tom Ginsburg ed., RoutledgeCurzon 2004).
Vanderbilt Public Law Research Paper No. 04-01
Vanderbilt Law and Economics Research Paper No. 04-01
The deployment of telecommunications services in Korea represents one of the great technological success stories of the developing world. In a remarkably brief period, the penetration of local telephone service, wireless telephony, and broadband technologies has soared to among the highest levels in the world. The history of Korean telecommunications thus provides a useful case study for other developing countries seeking to expand and modernize their telecommunications infrastructures. At first blush, the explosive growth of telecommunications services has appeared to go hand in hand with the liberalization of Korea's telecommunications markets. A review of the history of Korean telecommunications reform reveals that the market liberalization that did exist was largely the result of foreign pressure. Moreover, although Korea took steps towards liberalizing its telecommunications markets, culminating with the substantial reforms announced in 1995, it has backslid since that time, allowing the industry to engage in a disturbing degree of re-concentration. As a result, Korea has not received the full benefit of the enhancements to consumer welfare, efficiency, and innovation that traditionally result from competition. It also suggests that, notwithstanding pronouncements to the contrary, the traditional pattern of direct governmental involvement in industrial policy remains firmly in place.
Note: This is a description of the book and not an actual excerpt.
Number of Pages in PDF File: 16
Keywords: Telecommunications, regulated industries
JEL Classification: K2, K23, L96, H0
Date posted: February 24, 2004 ; Last revised: October 13, 2012
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