Digital Eco-system Development Proved its Sustainable Success under the Technology Covid-19 Disruption: Asia’s Silicon Valley Singapore Global ICT Power House South Korea

Abstract

The study of “Digital Eco-system Development Proved Its Sustainable Success under the Technology & Covid-19 Disruption: Asia’s Silicon Valley (Singapore) & Global ICT Power House (South Korea) ” has its objectives under the context of COVID-19 pandemic and technology disruption as follow; 1)to study the scenario of digital eco-system development of Singapore and South Korea; 2) to study the government’s policy of Singapore and South Korea in its digital eco-system development; and 3) to propose the best Practices of digital eco-system development of Singapore and South Korea for further development in other countries. The qualitative research with document study and e-interview among 25 key informants from all of the relevant stakeholders: the policy, the private sector, and the marginal workers. Narrative description was used. Findings found Best Practices of digital eco-system development from both countries which aligned with most of the findings such as the Boston Consulting Group (2020) and others could be applied in other countries as follow; 1) The strong leadership and concrete and achievable vision from top management of both countries. Holistic, inclusive and sustainable development is the dominant flagship of both countries : The Skill Future of Singapore, and the Digital New Deal of South Korea; 2) The Partnership model with integrated strategy under the Win& Win Principle with clear innovation goals at all levels: “the Skills Future of Singapore” from Engineer Good Program to the last mile people in the Touch Community Services; and the 1) the Meister High schools 2) the Digital Upskill by each own company; 3) the Tax Credit, Tax Incentive measures; 4) the Training Levy Grant system; and 5) the SME Training Consortiums of South Korea. 3)The broad perspective and agile way of working. According to a study by Boston Consulting Group, effective 'Agile leadership' was found to have an impact on all the successful digital transformation projects. Leaders must manage change with a broader mindset and apply agile behavior broadly across the eco-system: Asia’s Silicon Valley” with its fully back up mission of “A Smart Nation”; and the “Korean New Deal” with its futuristic of digital eco-system as its national eco-system composed of its main Digital New Deal composed of the Green New Deal and the Human New Deal overarching social safety net, climate change and economic growth under the sustainable and inclusive development.