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THE INVESTOR
April 24, 2019
Big Reunion

Mobile & Internet

Korea vows to power ‘4th industrial revolution’ with 5G

  • PUBLISHED :April 08, 2019 - 11:22
  • UPDATED :April 08, 2019 - 11:22
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The South Korean government vowed on April 8 to develop 5G as the key platform for the “fourth industrial revolution” as the next-generation wireless technology promises advanced connectivity for a wide range of industries and services.

The Ministry of Science and ICT said it has designated a number of information and technology sectors as the “strategic 5G” industries with potential to propel growth in high-tech areas, including smart factories, autonomous driving, smartphones, robots and drones. 


It has set a goal of creating $73 billion worth of exports and 600,000 jobs in the related fields by 2026.

The road map was announced after the nation’s three mobile carriers launched their 5G services on Samsung Electronics’ Galaxy S10 5G last week, becoming the world’s first country to begin commercial services.

“The government and industry will work together to get ahead of the 5G market and create meaningful changes that can change people’s lives,” ICT Minister Yoo Young-min said in an event celebrating Korea’s commercial 5G rollout at Olympic Park in southern Seoul.

The ceremony was attended by President Moon Jae-in, the CEOs of SK Telecom, KT, and LG Uplus, along with about 300 government, industry officials and experts in the field.

The government vowed to collaborate with the industry to develop five key services based on the new wireless standard, including immersive content, smart factory, autonomous driving, smart city and digital health care, by 2025.

For the autonomous driving, the government will operate self-driving shuttles in selected cities by 2020 and provide about 1,000 5G-enabled buses to provincial governments by 2025.

The adoption of 5G is expected to allow the self-driving car to receive essential traffic information in real time, increasing traffic safety and reducing response time. 

It plans to establish 5G innovation centers in Seoul and Pangyo, a thriving tech-hub south of Seoul, by 2021 to facilitate collaboration between large enterprises and startups.

In addition, the government will expand support for technology development for the next-generation smartphone, network equipment, security, robots, drones, wearable devices, and virtual and augmented reality headsets.

It plans to provide tax breaks for telecom companies to speed up the establishment of 5G nationwide, and provide subsidies to small and medium-sized companies when they adopt smart factory solutions.

To handle a rise in mobile traffic, the ministry will expand the 5G spectrum bands and cut red tape in building new base stations.

By Ram Garikipati and newswires (ram@heraldcorp.com)


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