Evaluating IT Infrastructure Investments with Real Options: A Korean Case Study

This paper applies real options theory to analyze investments in Korea's rapidly evolving IT infrastructure sector. Using real data, it compares traditional valuation (like NPV) with compound and growth option models. The study shows how firms can better manage risk and flexibility in uncertain, capital-intensive projects. The real options approach reveals hidden strategic value that discounted cash flow models often overlook. The case serves as a model for technology-driven investment decisions​.