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Tuesday, September 14, 2004

Korea to surpass the US in digital supremacy

Well, finally it is out - Fortune Magazine in the September 20, 2004 edition points out that when one would take President Bush's comments about universal access to broadband as a key to success in the Information Age, than Korea with a broadband penetration of 70% vis-a-vis US 20% would rule the world.

This will be new to the US in many ways, especially when it comes from a reputable magazine such as Fortune.

The article brings another nice example about how backward the US is in this arena. It writes that "Americans might be praising the iTune music file downloading service that began only last year, but Koreans already ran file-sharing services that allow users to download TV shows and movies in just a few seconds".

Well, may be it is time to turn the world upside down - what is the most amazing fact in the whole history of Korea, so, is, that the country, about 50 years back, was one of the poorest countries in the world, with a GDP per-capita of around U$60 annually. And look at it now - it confirms that change is possible, but that determination and execution is everything.