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S Korea to invest $11bn on broadband

  • 06-11-2002 12:46pm
    #1
    dahamsta
    Banned (with Prison Access) Posts: 16,659 ✭✭✭✭


    The Register
    South Korea is to spend a whopping $11bn on bringing a 1Mbps broadband service to every household in the country by 2005.

    South Korea is already the world's leading broadband nation by a mile. This latest commitment to invest in fast Net access will ensure that South Korea remains head and shoulders above its nearest rivals for many years to come.

    The investment will come from KT Corp, South Korea's largest telecoms company, and other ISPs. The Government will also make available loans to help fund the investment.

    South Korea already has the highest broadband penetration in the world with more than six in ten of households (9.2m) connected to a broadband service at the end of June 2002.

    [...]


Comments

  • #2
    amen
    Registered Users, Registered Users 2 Posts: 2,781 ✭✭✭amen


    Any chance of governement support here .

    http://www.theregister.co.uk/content/22/27962.html


  • #3
    124124
    Closed Accounts Posts: 137 ✭✭124124


    From BBC : http://news.bbc.co.uk/2/hi/business/2408923.stm

    South Korea has boosted its credentials as the world's most internet-friendly country by revealing plans to hook up every household to a high-speed net connection.

    South Korea, where 60% of the country's 48 million citizens surf, is to ensure all homes can receive broadband connections by 2005.

    The 13.3 trillion won (£6.99bn; $10.9bn) programme will be funded by KT Corp, the country's biggest telecoms firm, and internet service providers, backed by government loans.

    The broadband connections will be fast enough to transmit the equivalent of 370 newspaper pages in one second, the Ministry of Information and Communication said.


    In here goes Official Warning from Ministry of Communications, Ireland:

    "You are being screwed. You have the right to remain silent. Any thing that you say or do now can be produced as evidence against you.. "
    :rolleyes:


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