South Korea plans to launch 5G by 2020
The South Korean government has announced that it plans to launch 5G services in 2020, following demonstrations of pre-5G mobile network service in 2015 and network trials in 2018.
5G technology has the potential to be 1,000 times faster than 4G LTE services.
The South Korean ministry of Science, ICT and Future Planning will invest KRW 500 billion over the next seven years on 5G development.
This new policy is designed to move the nation up in terms of mobile technology patents by 2020. The South Korean government hopes to eventually control 20 percent of the global mobile communications equipment market.