South Korea's Ministry of Education, Science and Technology (MEST) has announced that it will invest $1.5 billion to develop a 5G technology 1,000 times faster than 4G LTE. The network will be fast enough to download a 800MB file in one second, reports Mashable.
MEST plans to roll out a trial 5G service by 2017 and have a commercial service available by 2020. In addition to developing the 5G network itself, MEST will prioritize developing new, key features for 5G, including Ultra-HD streaming, hologram transmission and upgraded social networking services.
South Korea estimates that sales for related industries could reach $310 billion from 2020 to 2026. MEST wants to implement its plan with help from operators like SK Telecom and Korea Telecom; as well as companies such as Samsung and LG.
In May 2013, Samsung announced that it successfully developed a core technology for 5G which would let users can download and upload data at speeds of up to tens of gigabits per second (Gbps), compared to 75 megabits per second (Mbps) for LTE.
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MEST plans to roll out a trial 5G service by 2017 and have a commercial service available by 2020. In addition to developing the 5G network itself, MEST will prioritize developing new, key features for 5G, including Ultra-HD streaming, hologram transmission and upgraded social networking services.
South Korea estimates that sales for related industries could reach $310 billion from 2020 to 2026. MEST wants to implement its plan with help from operators like SK Telecom and Korea Telecom; as well as companies such as Samsung and LG.
In May 2013, Samsung announced that it successfully developed a core technology for 5G which would let users can download and upload data at speeds of up to tens of gigabits per second (Gbps), compared to 75 megabits per second (Mbps) for LTE.
Read More