eCommerce and ePayment�

2022.06.29

전길남

Chon Kilnam

KAIST

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2022 KR4050 Workshop 2021.10.24rev2022.5.8

Part 1 eCommerce

Table of Contents

Introduction

BtoB, BtoC, CtoC,..

Timeline

Amazon

eBay

China (Alibaba,…)

Japan (Rakuten,…)

Korea (Naver, Auction,…)

Remarks/Issues

References

2

Introduction

Classification; B2B, B2C, C2C

Online goods and services

Retail services

Marketplace services

3

Timeline

World Asia �

• B2B(Thomson Holidays, UK)
• Online ordering (Minitel, France)
• eCommerce Act (California)

1984 B2C (Tesco, UK)

1994 Amazon

1995 eBay

1997 Rakuten, Japan

1999 Global e-Commerce - $150 billion Alibaba, China

2000 Auction (eBay Korea), Korea

2017 Global eCommerce - $29 trillion

(B2B $26 trillion, B2C $4 trillion)

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Remark

This ppt was developed from Chapter 6 eCommerce of Asia Internet History, Fourth Decade (2010s), 2021.

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References - eCommerce

Kilnam Chon, eCommerce, Asia Internet History, Fourth Decade (2010s), 2021.

Wikipedia; Alibaba, E-commerce, Rakuten, eBay,….., 2021.

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Part 2: Electronic Payment System

Table of Contents

Introduction

Timeline

Bank Payments

Credit Card

PayPal

Mobile Money Wallets

M-Pesa

*pay (Alipay, Jdpay, WeChatpay, Samsungpay, Rakutenpay,…)

Remarks/Issues

References

7

Timeline

1958. BankAmericard (Visa) – Credit Card
1998. PayPal – Online Payment
1999. Ericsson - Telnor

2004 Alipay – Mobile payment service

2007. M-Pesa – Mobile phone-based money transfer service

2014/5 Mobile payment service started in Korea

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Remarks/Issues

This ppt was developed from Chapter 6 eCommerce of Asia Internet History, Fourth Decade (2010s), 2021.

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References - ePayment

David Birch, The currency cold war, 2020.

Kilnam Chon, Chapter 6, Asia Internet History, 4th Decade (2010s), 2021.

CoinDesk, 9 out of 10 central banks exploring digital currecies, 2022.5.6.�Gary Gensler, Blockchain and Money, 15.S12, MIT, 2018.

Wikipedia, Electronic payment system, 2021.

Hoover Institute, Digital currencies, 2022.�White House, Executive order on ensuring responsible development of digital assets, 2022.3.9.

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