Korea’s 5G Forum is an academics, industry, and government-led 5G technology development consortium.
Meanwhile, China’s Huawei is leading global telecommunications equipment market. Led by Samsung Electronics and LG Electronics, Korea is a power house of mobile devices. The two countries’ different market focus and technology strength are a good fit for the cooperation. “The M2M market would get 1,000 times bigger than today’s mobile communications market, because there would be 1,000 times as many subscribers,” said vice minister Yoon, Jong Lok.
WHO IS LEADING 5G TECHNOLOGY SOFTWARE
While the 4G technology is all about the high-speed communications between people, the 5G will combine with a next generation of 64-bit IPv.6 technology to lay the groundwork for slowly emerging, but potentially huge M2M, or machine to machine communications market, giving every machine a dedicated IP address.Īs market research firm predicts that there would be 2 to 4 billion connected devices over the next 5 years through 2017, the market potential will be enormously huge, going far beyond current mobile communications market size in terms of services, software and hardware combined. Unlike the 4G LTE, which is an evolution of the 3G technology, the 5G is a sort of disruptive technology that promises to revolutionize the way that people communicate with machines. Although any technical specifications are not yet proposed, however, the race for the 5G technology standardization will begin in the years to come. The 5G technology is a next generation cellular mobile communications technology that is expected to carry data at a lightning speed, 1,000 times as fast as current 4G LTE technology.
Yet, this is not to say that the two countries’ standard-setting move is closed to outside participants, but we are welcome anybody to come to join the joint-effort.”ĭuring Korean President Park Geun-hye’s state visit to China, Korea’s ‘5G Forum and China’s “IMT-2020 Promotion Group signed a MOU, or memorandum of understanding to cooperate on many compelling issues like 5G technology standardization, research projects on 5G spectrum resources, and joint creation of profitable business model. This helps explain why Korea has partnered with China. As a result, both of the two countries are well poised to spearhead the global R&D effort to develop the 5G technology and make it a global de facto standard. The joint standard-setting efforts also will lead the two countries to preempt potentially enormous 5G mobile device and service market.Īt a press briefing held here in Seoul, Yoon Jong-lok, vice-minister with the Ministry of Science, ICT and Future Planning (MSIP) of Korea, said, ”Just like the penetration of 2G cellular communications technology that started in the 3-member Scandinavian countries of small population and then had evolved into a global technology standard, we hope that Korea and China would become an epicenter of 5G technology to open up fresh huge market opportunities around Yellow Sea, the most densely populated region.”Īdded he, “As you might know it, there is enormous demand for IT devices and service in Far-East Asian region. (iTers News) - Korea and mainland China will work together to set a technical standard for a next generation of 5G cellular communications technology to gain a head-start in the race for the commercial rollout of the ultrafast mobile broadband technology, a high-ranking Korean government official said today.