Today, the technology is taking over the whole world very fast. Some of the countries are ahead of the remaining world in technological developments. South Korea is such a country, progressing very rapidly in information technology field. Within a generation, South Korea managed to transform its economy from one of the poorest to one of the richest in the world. Today, the Republic of Korea is one of the leading global research nations.
The Seoul government began investing in technology research institutes soon after the republic was established. South Korea has shown very rapid growth in technology sector within a very short period of time. The impressive economic and technological progress South Korea has been demonstrating for last several decades has brought the country to the forefront of the global powerhouses.
The field of IT is a very fast growing field in South Korea. They have made some extraordinary advancements in the field of information technology and is, currently, leading rest of the world in the field of IT and other technological developments. About 45 million people in South Korea (or 92.4% of the population) use the Internet. The country has the world’s fastest average internet connection speed. South Korea has the most DSL connections per capita worldwide. South Korea has pulled ahead of every other country when it comes to broadband Internet in all categories including Speed and Quality, Adoption and Price.
South Korea is home to the fastest internet on the planet. And it’s getting even quicker day by day.
Recent IT advancements has made a huge impact on the daily life of a common person in South Korea. Today, the country has more credit card transactions per person than any other country. From smaller shops to huge departmental stores, you can pay through credit card for buying goods. In country, electronic payments gained popularity after the introduction of T-money in 2004.
Today, people in South Korea use the T-money card to streamline payments for busses, taxis and the subway. According to the Bank of Korea, only about 20% of financial transactions in Korea are made with cash. 
South Korea has been known for their pre-eminent infrastructure in video gaming, and their dominance in e-Sports scenes. With IT advancements in country, video games are considered to be a major social activity in the country, with most of the games being cooperative or competitive. South Korea is well known for the fact that professional gaming has a very substantial following in the country, with the top players earning big money prizes in competitions, and spending a significant number of hours practicing every day. Many South Koreans take pride in the country’s high standing position as a pro-gaming powerhouse.
