Asia & Global Market Outlook New business opportunities emerging Korea's telematics industry is currently laying the groundwork to emerge as a global telematics power within a short period, based on its advanced IT industry. Although Korea began its telematics industry late in comparison with the United States or Europe, Korea's growth potential is huge due to its leading communication environment globally and terminal production ability and so the world also pays attention to Korea as a telematics testbed. Accordingly, though there are numerous difficult tasks to solve at present, it is evident that the telematics industry is an industry that should be by all means propelled in the interests of strengthening national industry competitiveness strengthening and improving national welfare. In particular, providing the government's initiative environment formation, auto business circles' active industry activation efforts, and close bonds between different kinds of industries such as communication business providers and terminal manufacturers get attained to bolster abovementioned diverse efforts, the nation's telematics industry's growth potential is very high and it will be possible to contribute greatly to achieving the $20,000 national GDP per capita income era. It is expected to provide new marketing opportunity and profit by beefing up auto industry's competitiveness through telematics and to be able to provide mobile communication business provider reaching to growth stagnation state with new business opportunity as well as development possibility. One of the several reasons telematics is watched greatly recently in Korea, is because it can create a new concept's value-added service to be able to maximize synergy effects as global level's auto industry and IT industry, the two of which were different industries to date, are converged. Especially, due to high mobile communication service use rate, and high Internet spread rate as well as car popularization rate, Korea holds a very favorable condition to be able to activate telematics industry. As for the telematics outlook, everybody will speak of mobile telephone, computer, and car mostly without any hesitation as the most representative three technology civilization instruments in our lives. In a nutshell, telematics is a product of 'Digital Convergence,' which mixed these three instruments phantasmically. Like mobile terminal no more than a mere communication machinery & tool several years ago has settled as a tool of information service, it is not likely to be so far for autos in the nation to use telematics as a means of digital information exchange. To secure competitiveness continuously in the telematics service market in which unlimited possibilities are imminent, it is being offered independently according to the needs of customers. Yet, as convergence between different types of industry gets under way, it will gradually evolve into a simple package form, combination form and converged form. Accordingly, differently from today, telematics is expected to create new solutions and new value in the coming months as well as years.