S. Korea to launch 5G network service in 2020
SEOUL, Dec. 18 (Yonhap) -- South Korea plans to offer 5G mobile network service in 2020, which is 1,000 times faster than the current 4G long-term evolution technology, the government said Wednesday.
The Ministry of Science, ICT and Future Planning said the government would spend 500 billion won (US$475 million) over the next seven years to develop the super-fast wireless technology and lead the global mobile network equipment market.
Under the plans, the 5G network will be tested nationwide in 2018, and its commercial services available in 2020, according to the ministry.
The new wireless technology will enable mobile device users to access a stream of data faster than the current 4G LTE network and download an entire movie in seconds.
The ministry said the 5G mobile network technology will help create huge economic benefits here as well as boost the country's mobile communications equipment industry. The government hopes to control 20 percent of the global mobile communications equipment market by 2020.
In May of this year, Samsung Electronics Co., the world's largest smartphone maker, claimed it had made a breakthrough in 5G network technology.
Advanced countries have been vying to develop their own 5G services, with China and the European Union injecting large sums of cash into its development.