Synopsis
South Korea has transformed its economy to one that is more progressively knowledge based. Having invested significantly in ‘basic’ telecommunications infrastructure over past decades, the country has well developed submarine cable and satellite infrastructure as well as solid internet resources to support the growing demand for national and international communications. This report considers those aspects of infrastructure investments along with developments in TV broadcasting including satellite and cable TV and the conversion to digital broadcasting in 2012. This report then considers the ‘new economy’ investments in Smart Infrastructure including Cloud Computing, Smart Grids and Smart Cities.
Key Developments:
South Korea aims to become one of the top 10 aerospace powers in the world by 2015 which is backed by investments of over KRW 2.5 trillion into 2011;the 10-fold expansion of international bandwidth since 2007; the country’s goal to capture 10% of the global cloud services market by 2014 and to halve the cost of operating the public sector’s ICT infrastructure; aims for a nationwide Smart Grid by 2030 and trials underway on Jeju Island; Green Economy initiatives driving investments in Smart Cities.
Companies covered in this report include:
KT; SK Telecom; LG U+; SK Broadband; KARI; SkyLife;
