Newsletter
Just when the rest of the world started getting a taste of 5G technology, South Korea’s Ministry of Science and ICT, on Monday, announced plans to launch their own 6G network by 2028, 2 years before schedule. This move aims to secure an early advantage in future wireless frequencies and maintain their leading position in the global competition for future network infrastructure.
South Korea is already a major player in the 5G market, accounting for 25.9% of 5G patents last year, trailing China, the market leader, by just 1%, according to the German analysis firm IPlytics. Therefore, to further maintain its position in the next generation of communication technology, the Korean government announced the K-Network 2030 plan. This plan focuses on developing top-quality 6G technologies, innovative software-based next-generation mobile networks, and a robust network supply chain.
The Korean government also planning to create an open RAN that can work with any mobile device, providing mobile carriers and businesses with greater flexibility.
In addition, the country is conducting a feasibility study for a research and development project on core 6G technologies worth KRW 625.3 billion ($481.7 million), further demonstrating its commitment to leading the charge in this new technology.
Encouraging Local Companies to Produce 6G Technology
The government hopes to create new opportunities for local businesses in South Korea by encouraging the early development of 6G technology. By offering incentives to produce materials, components, and equipment, local companies will be able to participate in the development of the technology, boosting the local economy and creating employment opportunities.
The launch of South Korea’s 6G network will take network speeds to the next level and set a new standard for connectivity. While some argue that 5G speeds are sufficient, 6G speeds could open doors for new possibilities in virtual and augmented reality, the internet of things, and autonomous vehicles.