The South Korean government has selected KT consortium, SK Telecom consortium, LG Uplus consortium, CJ HelloVision consortium, and T-Broad as operators of a pilot project for 1Gbps (gigabit per second) internet connections. The Korea Communications Commission (KCC) and National Information Society Agency (NIA) announced Thursday they signed contracts with the operators chosen to undertake the pilot project for 1Gbps web connections Thursday.
The 1Gbps internet, also known as the “Giga internet” in Korea, is a technology that makes internet connections 10 times faster than the existing 100Mbps (megabit per second) broadband connections. This year, SK consortium and T-Broad were newly added to the list of pilot project participants which initially consisted of KT, LG Uplus, and CJ HelloVision consortiums selected last year.
“A total of 5.6 billion won ($4.95 million) including a 2.7 billion won government subsidy will be injected to the pilot project for the Giga internet,” a KCC official said. “The operators will be initially providing 5,500 households with 1Gbps internet connections. The Korean government will gain speed in expanding commercialization of the Giga internet within this year”.
For full article, see Maeil Business.