A study on the changes in the ICT industry after the COVID-19 pandemic
Industrial Management and Data Systems
; 123(1):64-78, 2023.
Article
in English
| Scopus | ID: covidwho-2246517
ABSTRACT
Purpose:
The aim of this paper is to explore the changes in the ICT and global value chains (GVCs) after the COVID-19 pandemic. Design/methodology/approach:
This study compared the difference between Korea' domestic ICT industries, ICT imports and ICT exports before and after the COVID-19 outbreak by using trade data of ICT products and national economic indicators, and presents growth strategy for the ICT industry in the post-COVID 19 era. For this purpose, this study determined the causalities between Korea's imports/exports of ICT products and composite Indexes before and after COVID-19, and derived implications in the ICT industry environment after the COVID-19 pandemic.Findings:
Analysis results showed the following changes in Korea's ICT industry in the post-COVID-19 world. (1) Non-face-to-face and contact-free technologies related sectors in the ICT industry, such as the semiconductor sector, have grown exponentially;(2) as the USA has grown as the new key player, the causal relationship with China, a key player of the GVC in the pre-COVID-19 era, disappeared;and (3) the GVC of the ICT industry is not a rigid one-way vertical structure, but is changing to a flexible structure influenced by cooperation and competition between countries. Originality/value The results indicate that it is essential to constantly develop new ICT sectors that make use of non-face-to-face and contact-free technologies in the post-COVID-19 era, and the main strategies in response to the changed GVC would be taking the initiative by securing source technologies and expanding through cooperation with other GVCs and resource sharing. © 2022, Emerald Publishing Limited.
Competition; Flexible structures; Product design; Semiconductor device manufacture; Contact free; Design/methodology/approach; Economic indicators; Face to face; Global value chain; Granger causality test; ICT industries; ICT products; Post-COVID-19; Trade data; COVID-19; Global value chains; ICT industry
Full text:
Available
Collection:
Databases of international organizations
Database:
Scopus
Language:
English
Journal:
Industrial Management and Data Systems
Year:
2023
Document Type:
Article
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