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http://dx.doi.org/10.22693/NIAIP.2022.29.2.066

An Exploratory Study on Contactless Digital Economy: the Characteristics, Regulatory Issues and Resolutions  

Shim, Woohyun (Korea Institute of Public Administration)
Won, Soh-Yeon (Korea Institute of Public Administration)
Lee, Jonghan (Korea Institute of Public Administration)
Publication Information
Informatization Policy / v.29, no.2, 2022 , pp. 66-90 More about this Journal
Abstract
The radical digital transformation and development of the contactless digital economy in the wake of the COVID-19 pandemic are increasing the need to solve various problems such as conflicts of interest among market participants and delays in related laws and regulations. This study investigates the concept and characteristics of the contactless digital economy and identifies the related regulatory issues and resolutions through literature review, news article analysis, and expert interviews. From the literature review, it is identified that the contactless digital economy has eight hyper-innovation characteristics: hyper-intelligence, hyper-connectivity, hyper-convergence, hyper-personalization, hyper-automation, hyper-precision, hyper-diversity, and hyper-trust. From news article analyses and expert interviews, this study identifies various regulatory issues, such as competition between incumbents and new entrants, the collision of constitutional rights, collision of social values, conflict between market participants, absence of laws and regulations, and existence of excessive market power, and then proposes a series of resolutions.
Keywords
emerging technology; contactless economy; hyper-innovation; regulatory reform; COVID-19;
Citations & Related Records
Times Cited By KSCI : 4  (Citation Analysis)
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