Version 1 (631 words):
Korea is famous for its advanced information technology. However, it also has several severe problems that must be remedied in order to advance. As Korea hurried in enhancing its technology, it had to concentrate the wealth and skills onto limited large corporations. This problem is also prevalent within the IT industry...

 

Version 2 (858 words):
My home country Korea is famous for its advanced information technology. It is third on the overall rank. However, despite its high rank, it also has several severe problems that must be remedied in order to advance. As Korea hurried in enhancing its technology, it had to concentrate the wealth and skills onto some large corporations. This problem is also prevalent in the IT industry of Korea. Most of the products from the industry are hardware-entered (things such as semiconductors) and the added values are chiefly held by several major companies. The problem of product imitation is also serious. To advance the economy in a short time, companies copied those of other developed countries and eventually succeeded in revitalizing the economy...