Three mobile operators in South Korea are likely to invest more than 10 trillion won (9.36 billion U.S. dollars) this year in the development of 5G technology, laying a solid foundation for high-end services.
According to the sources, South Korea's Ministry of Science, Technology and ITC and the three major mobile operators, SK Telecom, KT and LG Uplus have already planned to start commercial operations of 5G networks by 2019 and launch nationwide operations by 2020 Within the scope of infrastructure.
Three South Korean mobile operators will continue to invest in 5G over the next 3-4 years.
According to statistics, South Korean carriers invested 6 trillion won in LTE network technology in 2010 (the year before LTE was officially launched), a figure that hit a peak of 8 trillion won in 2018. Since 2015, Investment has remained at 5 trillion won per year.
Market insiders point out that the initial cost of launching 5G ultra-high-speed Internet services by 2018 is expected to reach nearly 20 trillion won, leaving only one year from the official 5G business.
Park Jung-ho, head of SK Telecom, Korea's largest mobile operator, said: "For 5G network services, our base station construction density must be more than 5 times that of LTE. We invested 8 trillion won in LTE network infrastructure, We expect the investment in 5G technology will reach 10 trillion won.