p quality equipment and service at more affordable prices to the public in order to compete with other companies. Also private companies are able to allocate their own resources, relieving the great burden on the government. Liberalization and deregulation is the process which Korea's telecommunications industry underwent. I believe it is the factor which has brought Korea's telecommunications industry where it is today. Liberalization and deregulation means that the government had reduced its regulations on telecommunications companies so that the industry looks attractive to perspective companies. It gives private companies an incentive to begin telecommunications business to Korea. Thus, these companies answer Korea's telecommunications problems. Korea is serves as an illustration of a country which underwent many changes in telecommunications government policies. The loosening of government reigns can be seen in the media sector. The great increase in newspapers and periodicals after June 29 1987 Declaration of "freedom of the press" serves to show how deregulation can lead to increase in production. Korea still has a long way to go. Its sight on satellites as an answer to telecommunications is still tentative. Although it has not yet caught up with the more developed countries, it is filled with the telecommunication tools as pagers, cellular phones, and other value added services. Korea is booming on the telecommunications superhighway. Works CitedArnold, E. & K. Guy, Parallel Convergence: National Strategies in Information Technology. London, 1986.Browett, J. “The newly industrializing countries and radical theories of development.” World Development, V 13, P. 789 - 803.Chung, Son Jon. “KoreaSat”. Via Satellite. January 1994. P 66-67.Friedlang, Jonathan & Michael Westlake. “Overcoming Barriers to Growth.” Far Eastern Economic Review. July 1, 1993. P. 66-67.Jeong, Young-Cheol e...
