KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
No Result
View All Result
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home South Korea

South Korea MSIT Invests 220 Billion Won For Next-Gen 6G R&D

 943 total views,  1 views today

Siwoo Jung by Siwoo Jung
PUBLISHED: June 24, 2021 UPDATED: June 24, 2021
in South Korea, Tech Industry
0
South Korea reinforced its global 6G network leadership with a 220 billion-won investment, significantly propelling development and commercialization.
South Korea reinforced its global 6G leadership with a 220 billion-won investment, significantly propelling development and commercialization.

South Korea reinforced its global 6G network leadership with a 220 billion-won investment, significantly propelling development and commercialization.

The South Korean Ministry of Science and ICT (MSIT) announced that it would be investing over 220 billion won ($193 million) in developing and commercializing 6G networks. In particular, the country unveiled a five-year project revolving around 6G core technology research and development.

Given the heightening 6G telecommunication demand, the project targets to see results and standardize 6G networks by 2025. MSIT also revealed a preliminary plan discussing joint research with the US, strengthening South Korea’s competitiveness in the global future technology development competition.

US Bilateral Relations

Earlier this May, South Korean President Moon Jae-In visited the US to fortify bilateral relations. During the meeting, the two countries vowed to create a 6G partnership and increase R&D cooperation.

South Korea’s Institute of Information & Communications Technology Planning & Evaluation also allied with the US National Science Foundation. In their memorandum of understanding, the two parties would conduct joint 6G technology research.

Besides the US, South Korea seeks to collaborate with other countries, including China and Finland, reinforcing its global 6G leadership. In particular, MSIT would cooperate with the China Academy of Information and Communications Technology. MSIT would also partner with Finland’s University of Oulu.

Developing Core 6G Tech

South Korea’s 6G network technology aims to reach a theoretical speed up to 50 times faster than current 5G capabilities. It also strives to cut down a tenth of 5G’s latency. Although the technology is still in the early development stage, the country expects to commercialize it as early as 2028.

Furthermore, MSIT said that the initiative would develop core 6G technologies, including integrated terrestrial and satellite networks. As part of the 6G network development, MSIT plans to launch 14 low Earth orbit telecommunication satellites. By 2031, the country aims to test the new satellite networks.

According to MSIT, the 220 billion-won investment demonstrates South Korea’s dedication to retaining its telecommunication technology competitive edge. South Korea is also the world’s first-ever country to commercialize 5G systems back in April 2019.

Domestic Companies’ 6G Visions

Aside from government efforts, South Korean companies continue to stay ahead of next-generation wireless technology trends, increasing 6G network preparations. Moreover, two industry-leading domestic companies have been actively escalating their 6G-related operations.

For instance, LG Electronics recently shared that it would be managing a core unit in the Next G Alliance, a cellular device 6G technology advancement initiative. Under the project, LG would conduct extensive 6G R&D, propelling the technology’s manufacturing, market-readiness, and standardization.

Meanwhile, Samsung Electronics joined hands with UCSB and developed a 6G THz wireless communication prototype system. Samsung also explored 6G capabilities and deployment setups with the new technology despite experiencing various technical issues.

Check out other must-read articles from KoreaTechToday:

  • Korean Tech Giants Samsung, LG Accelerate Global 6G Standardization
  • Samsung Forecasts Commercialization of 6G Services by 2030
  • LG Collaborates with KRISS and KAIST for 6G Network Development
  • KT, LG Uplus, SKT Team Up to Build 5G Networks for Rural Communities
What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: 6G6G core technology6G network6G R&DMinistry of Science and ICTMSITSouth Korea

Related Posts

Samsung headquarters
South Korea reinforced its global 6G leadership with a 220 billion-won investment, significantly propelling development and commercialization.
South Korea

Korea’s top 100 companies’ economic contribution soar by 20%  in 9 years

July 20, 2022
South Korea curbs tech leaks to foreign countries
South Korea reinforced its global 6G leadership with a 220 billion-won investment, significantly propelling development and commercialization.
South Korea

South Korea curbs tech leaks to foreign countries

February 8, 2022
Hyundai Rotem set to provide upgraded army tank variants to South Korea
South Korea reinforced its global 6G leadership with a 220 billion-won investment, significantly propelling development and commercialization.
South Korea

Hyundai Rotem set to provide upgraded army tank variants to South Korea

February 2, 2022
South Korean Govt shares strategic blueprint to become 5th biggest metaverse market globally
South Korea reinforced its global 6G leadership with a 220 billion-won investment, significantly propelling development and commercialization.
metaverse

South Korean Govt shares strategic blueprint to become 5th biggest metaverse market globally

January 24, 2022
S.Korea will track COVID-19 cases with AI-powered facial recognition from January
South Korea reinforced its global 6G leadership with a 220 billion-won investment, significantly propelling development and commercialization.
South Korea

S.Korea will track COVID-19 cases with AI-powered facial recognition from January

December 14, 2021
South Korea sets site engineering standards for big tech firms
South Korea reinforced its global 6G leadership with a 220 billion-won investment, significantly propelling development and commercialization.
Google

South Korea sets site engineering standards for big tech firms

December 9, 2021
No Result
View All Result

Follow Us

FREE NEWSLETTER




PRODUCTS

Most Popular

  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Top South Korean Tech Products to Look Out for in 2021

    0 shares
    Share 0 Tweet 0
  • Top Eight Promising EdTech Startup Companies in South Korea

    0 shares
    Share 0 Tweet 0
  • 5 All-Time Best Rom-Com K-Dramas to Watch

    0 shares
    Share 0 Tweet 0
  • Top Nine Mobile MMORPG in South Korea for 2020

    0 shares
    Share 0 Tweet 0
  • Korean tech giants to focus on future innovations & sustainability actions at CES 2023 

    0 shares
    Share 0 Tweet 0
  • World’s First 5G Robot Café has a Seoul Opening

    0 shares
    Share 0 Tweet 0
  • Top 10 Must-Have Korean Apps You Need When Visiting in Korea

    0 shares
    Share 0 Tweet 0
  • South Korea Improves Digital New Deal with the Data Dam Project

    0 shares
    Share 0 Tweet 0
  • Coway Changes Name After Netmarble’s Aquisition

    0 shares
    Share 0 Tweet 0
  • About Us
  • Account Page
  • application form
  • Cookie policy
  • Default Redirect Page
  • homepage
  • Login
  • login form
  • LogOut
  • Newsletter
  • Privacy Policy
  • Register
  • Reset Password
  • Sample Page
  • Subscription Plan
  • Terms of Use
  • test
  • test
  • testpage
  • TOS Page
  • Visitor Inside User Page

Copyright © 2022 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government

Copyright © 2022 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |