South Korea will roll out the world’s first nationwide fully-fledged 5G mobile services on Friday (5 April), in what is considered to be a giant leap for the East Asian country with the adoption of such an advanced technology, reports The Economic Times.
5G is believed to be an especially critical technology to connect all sorts of devices, ranging from toasters, telephones to even electric vehicles. This network known as the ‘Internet of Things’ requires exceptionally fast data speeds which will be made possible by 5G.
Already, the US and China are locked in an intense race to dominate and adopt 5G technology as fast as possible. This technological battle has also ensnared well known tech giants such as Huawei.
Although South Korea is already known for having some of the world’s best and fastest internet connections, the country has prioritised 5G rollout in order to boost its slowing economy.
Overall, 5G is expected to boost global economic output by about $565 billion by 2034, according to the London-based Global System for Mobile Communications.
Currently, China seems to lead the race for technological dominance in the 5G sphere, with its firms owning around 3,400 patents in the domain, while the US falls behind much smaller countries like Finland and South Korea, as it has only 1,368 patents in total.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.