Abstract
The South Korean government has actively pursued the development of the ICT industry, especially focusing on the 5th-Generation (5G) mobile communication technology as an engine of the nation’s future economic development. However, in 2023, the Korean government failed to build 5G infrastructure, particularly 5G base-stations using 28㎓ frequency band, which is a rare case in the history of Korea’s ICT industrial policies. This article argues that the technocracies, who gave in to the politicians’ policy preference for regulation, were caught between the incompatible policy goals of investment expansion and price reduction. The consequence was the weakening of the state-business coalition that used to support Korea’s successful ICT industrialization. This paper suggests that Korea’s industrial development model began to deviate from its path dependency.
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