South Korea ranked first on the spread of broadband technology

If South Korea does not want to disclose your credit card number while shopping online, he can not do this: The national banking system has long imposed a regime of direct payments in real time, which is based on a national network infrastructure. Today, about half of all banking transactions in this country lies in the network channels, and another 30 percent - through ATMs and Telebanking system, which use the same payment system.

From high-speed payments will benefit not only the banks. Many South Korean corporation, said Sangyun Khan (Sangyun Han), an analyst researcher of the Seoul offices of the London consulting company Ovum Ltd., Serving the information technology market, using broadband networks to work effectively in real time. As a result, according to the State Bank of South Korea, information and communication technology (ICT) have made a great contribution to the stabilization of prices, from 2000 to 2004, reducing the average consumer price of 0.22 per cent, while the average producer prices - at 1.15 percent.

Not surprisingly, the Republic of Korea has one of the world's largest networking technologies. In «Networked Readiness Index», annual World Economic Forum, South Korea has recently risen just 10 steps. When in 2007 she took on the list of 122 countries in 19 th place, then in 2008 - 9 th, but that this time the list was already 127 States. No country has not yet managed to commit such a leap in just one year.

According to a recent study carried out by the Washington Foundation Information Technology and Innovation (ITIF), South Korea ranked first among 30 countries of the Organization for Economic Cooperation and Development (OECD) in regard to the spread of broadband technology.