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South Korea - Telecoms, Mobile and Broadband - Statistics and AnalysesNEW YORK, June 10, 2019 /PRNewswire/ -- South Korea has transformed its economy to one that is more progressively knowledge based. Fixed-line broadband market penetration has grown slowly over the past five years in a highly mature market. Over the next five years to 2023 growth is expected to continue to increase slowly. The South Korean Ministry of Science and ICT (MSIT) announced the establishment of a new fund specifically targeting technologies and projects that can provide data rates of 10Gbps, with plans to reach 50% adoption rate of the super-fast speeds by 2022. Mobile subscriber growth has been moderate in mobile market over the past five years. The market has been driven by organic growth from the three main mobile operators, together with the multitude of niche MVNOs. Mobile subscriber growth is expected to be relatively low over the next five years to 2023. Growth rates will taper off further over the next few years as the market further matures in a highly competitive market. The market will be driven by the uptake of both 4G and 5G services. South Korea’s three mobile operators, SK Telecom, LG Uplus and KT Corp have switched on their respective 5G networks for enterprise customers. KT Corp and LG Uplus launched commercial services to consumers. Initial coverage is reported to be heavily focused on Seoul and its surroundings. KT’s industrial 5G development plans focus on five main areas in collaboration with private sector companies and the government to develop 5G services for both business-to-business (B2B) and business-to-government (B2G) sectors. The mobile broadband subscriber base in South Korea has grown moderately over the past five years in a relatively mature market supported by widespread rollouts of 4G infrastructure. Slower growth is predicted over the next five years to 2023. Key Developments SK Telecom became the first South Korean mobile operator to test autonomous cars on public roads. Huawei has partnered with LG U+. for the launch of Seoul TechCity. Over the next five years to 2023 fixed broadband growth is expected to continue to increase slowly. South Koreas three mobile operators have launched 5G services. Mobile subscriber growth is expected to be relatively low over the next five years to 2023. KTs industrial 5G development plans focus on five main areas in collaboration with private sector companies and the government. Key companies mentioned in this report: KT; LG U+; SK Broadband; SK Telecom, Hanaro Telecom Phil HarpurMay 2019 Read the full report: https://www.reportlinker.com/p05774110/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/south-korea---telecoms-mobile-and-broadband---statistics-and-analyses-300864776.html SOURCE Reportlinker |