The Korean government announced that the nation will not only work on 4G but also on 5G in an effort to stay at the head of the race in the global telecom market.
The plan is to invest 60 billion won ($58,449,293 US) for the next 3 years developing 4G technologies in hopes that an international standard can be set, in addition to beginning work on 5G.
The government, however, said that Korea has strengths in infrastructure, customer base, CDMA and WiBro technology, memory, and LCD. Korea could make the most of big local handset manufacturers, a steady growth of global handset industry, sophistication and convergence of handset functions, and consumer needs getting more complicated and diversified, added the government.
Via TelecomsKorea
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