Feeds

S Korea to invest $11bn on broadband

You want it, you can have it

  • alert
  • submit to reddit

Internet Security Threat Report 2014

South Korea is to spend a whopping $11bn on bringing a 1Mbps broadband service to every household in the country by 2005.

South Korea is already the world's leading broadband nation by a mile. This latest commitment to invest in fast Net access will ensure that South Korea remains head and shoulders above its nearest rivals for many years to come.

The investment will come from KT Corp, South Korea's largest telecoms company, and other ISPs. The Government will also make available loans to help fund the investment.

South Korea already has the highest broadband penetration in the world with more than six in ten of households (9.2m) connected to a broadband service at the end of June 2002.

Last month, a UK Government-backed report tried to understand why South Korea has made such a success of broadband. One of the key findings was that the South Korean Government realises that to benefit from the economic and social benefits of broadband, there needs to be investment.

That is why it has pumped in $1.5bn to help construct a high capacity infrastructure supplemented by a further $1bn through soft loans.

It also made available more than $700m to fund R&D, provided subsidies for low-income households to purchase PCs and ensured that there was free IT training for those who wanted it.

The UK Government, on the other hand, has so far only committed £30m to broadband and ruled out any tax breaks that might assist in the roll out of broadband networks. ®

Related Story

S Korea broadband in league of its own

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Same old iPad? NO. The new 'soft SIMs' are BIG NEWS
AppleSIM 'ware to allow quick switch of carriers
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Brits: Google, can you scrape 60k pages from web, pleeease
Hey, c'mon Choc Factory, it's our 'right to be forgotten'
Of COURSE Stephen Elop's to blame for Nokia woes, says author
'Google did have some unique propositions for Nokia'
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
Mobile coverage on trains really is pants
You thought it was just *insert your provider here*, but now we have numbers
Don't mess with Texas ('cos it's getting Google Fiber and you're not)
A bit late, but company says 1Gbps Austin network almost ready to compete with AT&T
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.