South Korea is upgrading their cellular wireless network and is investing 1.6 trillion won ($1.5 billion) in the project. South Korea’s 5G wireless network will be 1,000 times faster than 4G technology. Users will be download full-length movies in under one second. The 5G service is going to start rolling out in 2017 and should be commercially ready by December 2020.
?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,? said the science ministry 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.?
LG Electronics and Samsung Electronics is going to help with the 5G development. The government is seeking a 20% stake in the telecom infrastructure business. The 5G speeds will also allow the telecommunication carriers to offer Internet connectivity in bullet trains.