The government plans to designate two cities where local and foreign companies developing businesses related to Internet of Things (IoT) technologies can test products and services and get consumer feedback. Under the plan, the central and regional governments will establish a fund to establish super-fast telecom networks and basic data transfer infrastructures. The cities will test smart health care devices and a digitized public administration system. The testing will last three years.
The Ministry of Science, ICT and Future Planning (MSIP) announced Thursday it will allocate 12.6 billion won ($11.5 million) this year for the project, 7.5 billion won for the smart health care project and 5.1 billion for the smart public administration project. The ministry will begin accepting project applications from city governments today. The IoT test-bed project is part of the government’s effort to help private sector IT companies, and it will be a first step toward studying the impact of IoT devices on the legal system.
For full article, see Joongang Daily.
Three Korean mobile carriers will make a full-scale investment this year in facilities for next-generation technologies for 5G, the Internet of Things (IoT), and GiGA Internet. According to industry sources on Feb. 5, three carriers announced that they will make a nearly 6.5 trillion won (US$6.0 billion) investment in facilities this year during their briefings on results for Q4 2014. SK Telecom is planning to do 2 trillion won (US$1.8 billion), KT 2.7 trillion won (US$2.5 billion), and LG U+ 1.7 trillion won (US$1.5 billion). Although KT’s investment in 2015 is expected to go up 7 percent from the previous year, the number for SKT and LG U+ is a year-on-year decline of 6.8 percent and 23 percent, respectively.
The total investments by the three carriers are projected to decrease this year, as they were around 7 trillion won in the past. The phenomenon is due to the fact that they do not heavily invest in LTE facilities anymore, following a rapid increase in investment over the last four years. In other words, competition between mobile carriers to build LTE networks nationwide, which started in 2011, is coming to an end.
For full article, see Business Korea.