It may be the one of the most wired countries in the world – the most wired in fact when I last checked – but South Korea is not resting on its laurels. Now, they have launched this mega project that plans to roll out a next-gen 5G wireless service fast enough to download entire films at the snap of the fingers – in a second that is.
The announcement was made this week and put the figure required to realize the plan at a whopping $1.5 billion – USD. According to the South Korea science ministry, the 5G technology will be implemented within 6 years and will be about 1,000 times faster than the 4G services currently in use. And we thought 4G was superfast.
Read the statement from the ministry:
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. 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.