South Korea to spend $1.9b on 5G 'movie-in-a-second' service
SEOUL (AFP) - South Korea, already one of the most wired countries on earth, on Wednesday announced a 1.6 trillion won (S$1.9 billion) plan to set up a next-generation 5G wireless service quick enough to download full-length films in a second.
The science ministry said it aims to implement the technology - about 1,000 times faster than the 4G services currently available - within six years.
"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," the ministry said in a statement.
"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," it said.