Global IT giants,, including Oracle, Amazon, and IBM, are making bigger forays into Korea’s cloud market.
Since the passage of the Cloud Computing Development Act in September 2015, an increasing number of Korean companies are introducing cloud services, which in turn attract global IT giants to increase their presence in Korea.
Cloud computing refers to a service that allows users to borrow the Internet without directly establishing their own ICT resources, including servers and storage equipment. Only 3.3 percent of Korean companies introduced cloud computing infrastructure, far lower than America's40 percent and Japan’s 33.1 percent.
Oracle held the Oracle Cloud World Seoul event at the Grand Intercontinental Hotel in Seoul's Gangnam on January 19, where it revealed its cloud strategy with focus on corporate software.
Oracle stressed that it can offer 600 different kinds of corporate software, including ERP (enterprise resource planning) and HCM (human capital management), on a cloud basis. Oracle secured more than 100 cloud talents last year and plans to establish a data center in Korea.
