The Korean government announced that the nation will not only work on 4G but also on 5G in an effort to stay at the head of the race in the global telecom market.
According to the Ministry of Knowledge Economy, Korea set up a vision to become the biggest wireless powerhouse in the world by 2012. It also came up with a plan to start working on 5G as well as invest 60 billion won for the next three years in developing major 4G technologies that could be adopted as international standards.
On regional level, the Korean government envisioned a stronger trilateral collaboration between Korea, China and Japan to increase the region’s influence in adopting international standards.
The government said that local mobile phone industry is short of core proprietary technologies, heavily dependent on foreign suppliers for core parts, and losing ground due to one-chip and modulization going mainstream.
Also, Korea has weaknesses in pull marketing and production system dominated by big businesses, weak partnership between finished product manufacturers and smaller part suppliers, weak brand power and presence in foreign markets, said the government.
The government, however, said that Korea has strengths in infrastructure, customer base, CDMA and WiBro technology, memory, and LCD. Korea could make the most of big local handset manufacturers, a steady growth of global handset industry, sophistication and convergence of handset functions, and consumer needs getting more complicated and diversified, added the government.
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