As digital technology is being applied in various fields, the trend of the global economy is rapidly transitioning from traditional industrial economy to digital economy. It is also serving as a driving force for the recovery of the economy, which has...
As digital technology is being applied in various fields, the trend of the global economy is rapidly transitioning from traditional industrial economy to digital economy. It is also serving as a driving force for the recovery of the economy, which has been sluggish due to the COVID-19 pandemic. While the ASEAN region is a latecomer to the digital economy, with relatively low levels of development in digital infrastructure and information technology, it is a rapidly growing region with great potential and has recently received significant attention. In particular, both the United States and China, which lead the global digital economy, are strategizing to utilize ASEAN as an important base for digital economic competition. Among them, ASEAN is a very important strategic base for cooperation in the internationalization and advancement of the digital economy, especially for China’s Belt and Road Initiative, a national core strategy. Therefore, this study aims to analyze the characteristics of digital economic cooperation between ASEAN and China and the impact of their cooperation on Korea.
As China’s digital economy technology has achieved rapid growth and ASEAN has recently experienced fast economic growth, both parties have been collaborating on aspects such as digital infrastructure, platforms, and development direction in the future digital economy market.
Digital economic cooperation is expected to provide a critical turning point for individual countries’ economic growth and play a key role in regional economic integration. Furthermore, the scope and proportion of cooperation are expected to expand further in the future.
This digital economic cooperation between ASEAN and China is expected to have a complex impact on Korea. How well Korea can respond to the rapidly changing digital economic environment will determine the direction of the impact on Korea in the future.