6G Public-Private Collaboration in the Republic of Korea

At the 6G Symposium Spring 2021 (event presentations available here), DongKu Kim, Co-Chair 6G R&D Strategy Committee & Professor, Yonsei University talked about 5G strategy and groups in Korea and how public-private collaboration is going to drive the 6G vision and mission.

At present, the 5G+ strategy is going on, until 2025. We wrote about it in our Operator Watch Blog here. In addition, Korean New Deal initiative was launched last year to prepare the South Korean economy for the future. The Diplomat explains this as follows:

The Korean New Deal is centered on two pillars – the Green New Deal and the Digital New Deal. While the Green New Deal is focused on transitioning South Korea to a net-zero emissions economy, the Digital New Deal would lay the foundations for a digital economy that will spur economic growth and innovation.

Information and communications technologies (ICT) are transforming the global economy. The new digital economy that is emerging is underpinned by technologies such as 5G, big data, and artificial intelligence (AI). IHS Markit estimates that by 2035 the 5G global value chain will be worth $3.6 trillion  and support 22.3 million jobs. AI and big data are expected to have similar economic impacts.

South Korea is aiming to establish a foundation for competitiveness in these promising fields of the future. Overall, the Moon administration has proposed spending 2.7 trillion won ($2.2 billion) on the Digital New Deal in 2020, with additional funds to come in future annual budgets.

The development of a 5G infrastructure is critical to utilizing the vast amounts of data and harnessing the processing speed that are needed to realize the full potential of big data and AI.

The goal going forward is to develop 10 core technologies to achieve 6 technical goals as shown in the diagram above. 

You can listen to the talk embedded below.

Let us know what do you find important from this talk and what do you think will make an impact in the long term.

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