IJIMT 2017 Vol.8(6): 435-439 ISSN: 2010-0248
doi: 10.18178/ijimt.2017.8.6.767

Are There Examples of the “Galapagos Effect” in Korea? An Analysis Using Payment Card Validation Systems

Nigel Callinan
Abstract— This study considers the Japanese “Galapagos Effect” and investigates if a possible example of this phenomenon can be identified in South Korea. A sample of Payment Card transaction experiments is gathered to determine what authentication systems are widely used in the country. Then, the results are compared to what systems are used internationally to see if evidence of the evolution of an isolated service environment is emerging. The results suggest that this business area is evolving on a path towards isolation and amendments to the legal framework used to manage this business area are recommended. These should be put in place as soon as possible before the divergence becomes too significant.

Index Terms— Innovation, South Korea, Japan, transactions, security.

Nigel Callinan is with Pusan National University, South Korea (e-mail: ncallinan@gmail.com).

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Cite: Nigel Callinan, " Are There Examples of the “Galapagos Effect” in Korea? An Analysis Using Payment Card Validation Systems," International Journal of Innovation, Management and Technology vol. 8, no. 6, pp. 435-439, 2017.

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