As if its current internet speeds weren’t fast enough, the South Korean government has begun pushing for the availability of 10Gbps internet speeds in the country; with an expected 50% adoption rate of the internet speed by the year 2022.
According to multiple news sources, the country’s Ministry of Science and ICT is currently working closely with local IT firms and telcos to speed up the adoption rate. The government body will pick up to two consortia, to which they will be awarded up to 940 million Won (~RM3.43 million) in financial support.
“The ministry hopes to achieve competitiveness in the ICT industry by successfully commercializing 10Gbps Internet through close cooperation between the private and public sectors,” an ICT ministry official said.
The firms in question are KT, LG Uplus, and SK Broadband, which is the fixed line subsidiary of SK Telecom. On that note, all three telcos already have plans to start rolling out the foundation for 10Gbps internet as early as May this year.