Feeds

S Korea to invest $11bn on broadband

You want it, you can have it

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

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

Security for virtualized datacentres

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
'Serious flaws in the Vertigan report' says broadband boffin
Report 'fails reality test' , is 'simply wrong' and offers ''convenient' justification for FTTN says Rod Tucker
This flashlight app requires: Your contacts list, identity, access to your camera...
Who us, dodgy? Vast majority of mobile apps fail privacy test
Apple Watch will CONQUER smartwatch world – analysts
After Applelocalypse, other wristputers will get stuck in
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.