Stagnation in ICT investment threatens short-term economic growth in South Korea.
Investing in Information, Communication, and Technology (ICT) in South Korea affects the country's economic growth. A study analyzed data from 1999 to 2016 and found that ICT investment and GDP growth are connected. In the long term, ICT investment boosts the economy, with a 1% increase leading to a 0.4% GDP growth. However, in the short term, only ICT investment influences GDP growth. The recent slowdown in ICT investment in South Korea could harm the economy in the short run and potentially in the long run if it continues. This research suggests that promoting ICT use in all sectors is crucial for economic growth in South Korea and other technologically advanced countries.