South Korea Spends 24.6bn USD On Improving Broadband Infrastructure

South Korea to invest in fixed line broadband infrastructure; targets 1Gbps speeds by 2012

"The South Korean regulator, the Korea Communications Commission (KCC), has revealed plans to spend approximately KRW34 trillion (USD24.6 billion) on improving the nation’s broadband infrastructure. The KCC is aiming to increase speeds for fixed line broadband services to 1Gbps by 2012, with wireless services expected to offer speeds of 10Mbps by the same date. The highest level speeds are only expected to be available in the country’s larger cities however, with fixed line subscribers in smaller towns expected to have internet access at speeds between 50Mbps and 100Mbps by 2012. The KCC expects that around 12,000 new jobs will be created as a result of the project."

Source: TeleGeography