South Korea - The Korea Communications Commission (KCC) announced on Sunday that it plans to spend $24.6 billion over the next five years to increase the nation's Internet broadband infrastructure to support country-wide 1 Gbps Internet access, and wireless services of 10 Mbps, roughly 10x faster than their current highest-end offerings.
The plan is expected to create 120,000 jobs and ultimately produce a network allowing for 16x clearer TV signals and interactive TV services for e-commerce as well as home schooling. KCC is also projecting Digital TV coverage will increase to 96% by 2012, up from the current 87%, and will allow at-home TV viewing of I-Max films.
The typical U.S. cable subscriber receives less than 16 Mbps broadband Internet today. The highest-end offerings by Comcast and Charter Communications are 50 Mbps and 60 Mbps, respectively.
See JonngAng Daily.