South Korea to spend 5.7 tln won for 5G, drones

August 28, 2015 6:07 AM

17 0

South Korea to spend 5.7 tln won for 5G, drones

Seoul, Aug. 28 (BNA) -- South Korea plans to invest about 5.7 trillion won (US$4.83 billion) over the next five years to develop the fifth-generation (5G) network, unmanned drones and other high-end technology.

Meeting local industry officials, the Koren ICT Minister Choi Yang-hee said that the government would spearhead investment on research projects, and improve rules and regulations to provide companies with more freedom in doing business.

Under the plan, the Korean Ministry of Science, ICT and Future Planning will allocate the budget in 19 industry areas, the Korean news agency (Yonhap) said.

Source: bna.bh

To category page

Loading...