Korean government wants to be a leader in 5G technology
Considered that fifth-generation networks also to bring in a goal of creating 600,000 jobs
/NOVOSTIVL/ Korea has gone all out to become a frontrunner in fifth-generation (5G) networks, setting a goal of creating 600,000 jobs and $73 billion worth of exports in related industries by 2026, the government said Monday. This article appeared in The Korea Times.
It will do this by fostering an ecosystem of next-generation network-based industries and services.
The Ministry of Science and ICT, which formulates the government's 5G policy, designated 10 industrial sectors and five key services for its "5G Plus Strategic Business" plan.
The 10 include next-generation smartphones, network equipment, information security, virtual reality (VR) and augmented reality (AR) devices, drones, robots, intelligent closed-circuit television and wearable devices
The government also designated immersive content, smart factories, autonomous driving, smart cities and digital health care as five key services, and vowed to develop them in collaboration with the related industries by 2025.
In the digital health care service, for example, the government will develop a 5G-based emergency medical treatment system by 2021 and plans to apply this to 20 percent of emergency centers nationwide by 2025.
The government said that the 600,000 new jobs will come from nurturing these industrial services and sectors based on 5G networks.