South Korea launches 5G commercial services, aims at world market
SEOUL - South Korea has become the first county in the world to offer a 5G commercial service, with President Moon Jae-in saying the Government will push ahead with a national 5G strategy to create the world's best 5G ecosystem.
He said the nation must take on the challenge of becoming the world's best and urged innovative growth based on 5G infrastructure, adding, "The new 5G-based industrial ecosystem will provide opportunities for our youths to take on new challenges and for the nation to see a second venture boom."
He said South Korea's target was to capture 15% of the global 5G market, generating 600,000 quality jobs and achieving US$73 billion in exports by 2026.
Compared to 4G, 5G is 20 times faster in data speed, allows 10 times more devices to connect and has just 10% of 4G's latency rate. www.korea.kr (ATI).