Digital Globalization and the Attack of ‘Platform Capitalism’ on South Korea and its Implications for Africa
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East Asia has shown new opportunities and possibilities by adopting developmental strategies of globalization, rapid industrialization, urbanization, and high-tech development. Particularly, digital-based platforms have emerged through the development of horizontal and transnational networks. However, these are now facing various challenges leading to rising unemployment, bi-polarization in wealth, and a shrinking social safety net. The rising platform capitalism produces new forms of social conflict by suppressing labor rights and deskilling entrepreneurs. The traditional concept of labor has given way to the gig economy or platform economy filled with surplus workers, so Korea can hardly avoid the crisis brought on by the advent of platform capitalism. In response, Korea is actively searching for alternatives by reclaiming local resilience through experimenting with the so-called ‘light community’ model. This paper examines digital globalization that will intensify platform capitalism in Korea. This review can provide some implications for Africa, which is already experiencing challenges due to injustice and unsustainable development. We suspect that digital globalization driven by an invisible algocratic system presents opportunities and resources for the continent in that Korea has been struggling with the attack of platform capitalism. In conclusion, the authors suggest implications for Africa that can be learned through South Korea’s example. The light community model can be an alternative development model by which they can actively respond to the upcoming threats of platform capitalism.
Abstract
East Asia has shown new opportunities and possibilities by adopting developmental strategies of globalization, rapid industrialization, urbanization, and high-tech development. Particularly, digital-based platforms have emerged through the development of horizontal and transnational networks. However, these are now facing various challenges leading to rising unemployment, bi-polarization in wealth, and a shrinking social safety net. The rising platform capitalism produces new forms of social conflict by suppressing labor rights and deskilling entrepreneurs. The traditional concept of labor has given way to the gig economy or platform economy filled with surplus workers, so Korea can hardly avoid the crisis brought on by the advent of platform capitalism. In response, Korea is actively searching for alternatives by reclaiming local resilience through experimenting with the so-called ‘light community’ model. This paper examines digital globalization that will intensify platform capitalism in Korea. This review can provide some implications for Africa, which is already experiencing challenges due to injustice and unsustainable development. We suspect that digital globalization driven by an invisible algocratic system presents opportunities and resources for the continent in that Korea has been struggling with the attack of platform capitalism. In conclusion, the authors suggest implications for Africa that can be learned through South Korea’s example. The light community model can be an alternative development model by which they can actively respond to the upcoming threats of platform capitalism.
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