Korea – Korea is determined to acquire the world’s fastest wired and wireless internet service at 10 times the speed of the current service by 2012. The government and the communications industry plan to invest some 34 trillion won (US$ 24.6 billion) over the next five years in the project. The Korea Communications Commission announced it finalized plans for internet services at an average speed of 1 Gbps through fixed lines and 10 Mbps through wireless. One Gbps allows users to download a 120-minute film in just 12 seconds. The aim is to give users seamless access to large-capacity, high-quality convergence services such as IPTV. Although the super-speed internet will be available mainly in large cities, fixed-line subscribers in smaller towns nationwide will also then have access to 50 to 100 Mbps internet service. The new network is expected to generate 17.7 trillion won worth of added value and 48.5 trillion won worth of induced generation, commission officials said, adding that around 120,000 new jobs will be created.
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