By Kim Han-joo
SEOUL, April 10 (Yonhap) -- South Korea's mobile carriers and an Internet service provider will share the burden of building the costly infrastructure for a high-end fifth-generation network, which they will then share in using, officials said Tuesday.
The move could save about 1 trillion won (US$938 million) over the next 10 next years, as it would keep SK Telecom Co., KT Corp., LG Uplus Inc. and SK Broadband Inc. from making redundant investments, according to the Ministry of Science and ICT.
The four companies will together build the nationwide infrastructure, such as base stations for the 5G network, though details on how much each firm will pay are set to be finalized during the first half of this year, it said.
The ministry did not elaborate on its estimation of the cost of building the 5G network.
The South Korean government and the companies have been working closely for early commercialization of the 5G network, whose data transmission speed is 40-50 times faster than the existing 4G network, or long-term evolution.
"Our is goal is to lead the fourth industrial revolution and to support the early commercialization of 5G technology," Jun Sung-bae, a senior ICT ministry official, told reporters.
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