On 22nd January, 2014 South Korea’s Ministry of Science and Technology announced an investment of $1.5 billion (1.6 trillion won) to install a 5G wireless network and partner with local telecom operators and smartphone makers. It is expected that a 5G wireless network would be fully operational around December 2020. With this latest technology, current connection speeds will enhance by 1,000 times in a country, comparing the planet’s fastest Internet speeds that already people are using.
The 5G network will be first tested on social-networking sites in 2015, according to reports. The report also mentioned that it expands the speed of 1 gigabit per second in 2017 and will be introduced as a fully commercial service in 2020. The ministry reportedly said in a statement, “We helped fuel national growth with 2G services in the 1990s, 3G in the 2000s and 4G around 2010. Now it is time to take preemptive action to develop 5G”. He added: “Countries in Europe, China and the US are making aggressive efforts to develop 5G technology … and we believe there will be fierce competition in this market in a few years.
According to ZDNet, the current 4G network speed is 75 megabits per second, or Mbps in the country and now, the 5G network allows users to download an 800-megabyte movie file in one second, as compare to the 40 seconds that takes under 4G, media reports said, citing the science ministry. While in Mashable report of August 2013, it is mentioned that South Korea’s Internet speed will increase by 65% than speeds in the U.S that figures at ninth position on a list of top 10 nations with the fastest Internet connections of the world.
According to Engadget report, it is expected that South Korean carriers SK Telecom (KRX: 017670) and LG Electronics’ (KRX:066570) U+ will offer 300 Mbps wireless speeds in 2014, and SK Telecom is set to display 450 Mbps technology at the Mobile World Congress in Spain in February. The South Korean government is thinking to spend the 5G network in partnership with the help of local carriers like smartphone giants such as Samsung (KRX:005935) and LG, SK Telecom and Korea Telecom.
A world leader in mobile devices and smartphones, Samsung is one of the world’s biggest handset makers and has helped South Korea to increase a 30% stake in the global mobile-device market, according to Agence France-Presse, or AFP. Moreover, South Korean firm is also thinking to win deals from overseas with faster internet service and Seoul aim to seize a 20% stake in the world’s telecom infrastructure equipment market by 2020.
News by: PERCEPTION SYSTEM