{"id":96376,"date":"2021-10-09T07:58:28","date_gmt":"2021-10-09T13:58:28","guid":{"rendered":"https:\/\/www.songdoibdcitytalk.com\/blog\/?p=96376"},"modified":"2021-10-09T07:58:30","modified_gmt":"2021-10-09T13:58:30","slug":"hangul-day","status":"publish","type":"post","link":"https:\/\/www.songdoibdcitytalk.com\/blog\/hangul-day\/","title":{"rendered":"Hangul Day"},"content":{"rendered":"\n
\"hangul<\/a><\/figure>\n\n\n\n

Saturday October 9 is a National Holiday in South Korea \u2014 Hangul Day. (As this year the holiday falls on weekend, Monday is celebrated a National Holiday, too).<\/p>\n\n\n\n

Hangul Day commemorates the invention and proclamation of Hangul<\/em>, the alphabet of the Korean language. This commentary will provide some insights into not only Korea, but their native written language. For a online version see https:\/\/seoulz.com\/how-the-digitization-of-hangul-contributed-to-koreas-economic-rise\/<\/a><\/p>\n\n\n\n

The Digitization of Hangul, the Native Korean Language Script The Hidden Driver of Korea\u2019s Economic Success<\/h2>\n\n\n\n

We often see terms like \u201cMiracle on the Han,\u201d that highlight South Korea\u2019s economic rise after decades of harsh Japanese colonial rule and then the devastation of the Korean War.<\/p>\n\n\n\n

With only determination and its people as resources, Korea became one of the world\u2019s top industrial, export-driven economies. In particular, the main contributions to this success story include the nation\u2019s emphasis on higher education, as well as the role of government and private investment in innovation, technology, and R&D.<\/p>\n\n\n\n

Looking deeper, what may be missed is the impact of digitizing the native written language Hangul. Crafted in the mid 15th century during the reign of King Sejeong. Hangul linguistically is seen as a very logical and structured written language script.<\/p>\n\n\n\n

Inspired by a vision to make Korea information independent<\/strong><\/p>\n\n\n\n

Jumping forward, it was in the early 1990s that a local Korean company, today\u2019s Hancom, successfully developed a native word processing program for the Korean language.<\/p>\n\n\n\n

As Hangul was created so that the common people could accurately and easily read and write the Korean language, so too, the word processing software allowed Koreans to communicate digitally.<\/p>\n\n\n\n

Although the Hangul word processing software grew in popularity, by 1998, the company nearly went bust, even though it was considered a national treasure: the Asian Financial Crisis and software piracy had brought the company to its knees.<\/p>\n\n\n\n

Rival Microsoft which had only about 15% market penetration in office software at the time in Korea, offered $20 million to Hancom to stop producing its software and instead resell Microsoft\u2019s localized Word program.<\/p>\n\n\n\n

For a small investment, Microsoft would have wiped out their main competitor in Korea, one of the few countries in the world that had still resisted wide adoption of Microsoft\u2019s office suite.<\/p>\n\n\n\n

When the news of the proposed deal offering surfaced, Koreans united in a national fervor and raised over $10 million through a campaign to save the company.<\/p>\n\n\n\n

In addition, the company\u2019s near-bankruptcy brought the issue of software piracy under the spotlight. As a result, Koreans began to pay for their software and more began to adopt and use the Hangul software in Korea.<\/p>\n\n\n\n

An Economic Driver<\/strong><\/p>\n\n\n\n

With the rise of globalization, and Korea as a nation leapfrogging economically, experts attribute much of the growth to the streamlining of both government policy and regulations. This was possible with a universally accepted digitalized Hangul well suited to the E-Government transfer of information. E-Government refers to a government that uses technological communications devices, such as computers and the Internet, to provide public services in a country or region.<\/p>\n\n\n\n

This has also given Korea a strong competitive advantage \u2014 data management critical in the digital age.<\/p>\n\n\n\n

Looking forward, South Korea today is at the forefront of AI and Cloud-based technology. That said, one may argue that many under-developed nations, most with their own indigenous languages, too, could follow Korea\u2019s digitalization model.<\/p>\n\n\n\n

Globally, South Korea and Korean business are well-positioned to support this and similar endeavors \u2014 as the Korean proverb noted \u2014 A Rising Tide Lifts All Boats.<\/p>\n","protected":false},"excerpt":{"rendered":"

Saturday October 9 is a National Holiday in South Korea \u2014 Hangul Day. (As this year the holiday falls on weekend, Monday is celebrated a National Holiday, too). 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