SEOUL, March 18 (Yonhap) -- South Korea is pushing to commercialize 10-gigabit (Gb) transfer speeds for its online network systems, which is 10 times faster than Giga Internet, the fastest broadband service currently available, the ICT ministry said Sunday.
The Ministry of Science and ICT said it will work closely with local IT firms to adopt 10 Gb service, considered the core technology behind fifth-generation wireless technology as well as virtual reality and augmented reality.
Under the plan, the ministry plans to form a consortium to develop basic equipment and prepare networks for the rapid commercialization of the futuristic information superhighway.
"The ministry hopes to achieve competitiveness in the ICT industry by successfully commercializing 10 Gb Internet through close cooperation between the private and public sectors," an ICT ministry official said.
Asia's fourth-largest economy and one of the most connected countries in the world is aiming for 50-percent coverage of 10 Gb Internet by 2022.
(U20 World Cup) S. Korea going for historic title vs. Ukraine
(U20 World Cup) S. Korea's Lee Kang-in wins Golden Ball as tournament MVP
BTS dazzles 25,000 fans in Busan
(LEAD) Moon suggests trust-based denuclearization, peace
Thousands of S. Koreans ask gov't to approve their trip to Mount Kumgang