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Facilitating the participation and benefits of citizens and businesses in digital
services is crucial. The institutional framework must be capable of regulating at the
national, sectoral and enterprise levels. Developing digital transformation plans for
businesses must be linked to financial resources and funding to facilitate their access to
the digital economy. Enacting laws and policies on cybersecurity and information security
will provide a foundation for information exchange between stakeholders and ensure the
protection of information and data for organizations, individuals, and businesses in the
digital economy.
7. In summary
Although Covid-19 slowed down South Korea's GDP growth and domestic
consumption, the digital economy became the driving force behind its recovery, strongly
promoting digital transformation in manufacturing, trade, and services. Support policies
and the "Green New Deal" launched post-Covid-19 combine green growth with digital
transformation to address climate change challenges and create a foundation for
sustainable development. The digital economy helped South Korea recover quickly,
enhance competitiveness, and lay the groundwork for sustainable growth in the digital
age. With strong investment in AI, big data, fintech, and e-commerce, South Korea is
consolidating its position as one of the world's most advanced digital economies.
Thanks to leveraging massive government investments, promoting public-private
partnerships, and continuously developing a skilled workforce, South Korea is equipped to
face the challenges of the global market. Entering a new era of digital transformation,
South Korea serves as a model for how to harness technology to drive economic growth,
ensure national competitiveness, and pave the way for a more sustainable future.
To develop the digital economy helping expand market and boost consumption,
Vietnam needs to leverage the opportunities of international integration, especially the
new generation free trade agreements it has signed, such as the Comprehensive and
Progressive Agreement for Trans-Pacific Partnership (CPTPP), the European-Vietnam Free
Trade Agreement (EVFTA), and the Regional Comprehensive Economic Partnership (RCEP).
Simultaneously, it should focus on strongly developing the foundational areas of the
digital economy, such as digital infrastructure, digital resources, digital services, and
digital markets, and have a systematic strategy to access and master key technologies of
the digital economy through supportive policies, cooperation, and attracting foreign
investment.

References
[1]. Chang, S. J. (2025, March 5). Transforming the future: The impact of artificial
intelligence in Korea. International Monetary Fund. https://www.imf.org/
[2]. Hong, M. (2025, February 24). Post-COVID, digital societies: Opportunities and
policy challenges for human security in the United Kingdom and South Korea. Cambridge
University Press.
[3]. Icetea, S. (2025, March 21). Top 9 Korean tech innovations reshaping industries
in 2025. LinkedIn. https://www.linkedin.com/pulse/
[4]. Jean, K. (2023, January 13). Korea’s new innovation strategy: Digital platform
government. World Economic Forum. https://www.weforum.org/
[5]. Kaur, H. (2025, December 18). 10 most in-demand skills in South Korea for 2026.
Edstellar. https://www.edstellar.com/

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