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5G Business Is Expected To Continue To Drive South Korea Exports

Post on Nov, 22 2023

South Korea opened commercial 5G mobile communications in April 2019. It is expected that 5G will continue to drive South Korea exports in 2020.

South Korea's "Central Daily" reported on the 2nd that it is expected that 5G smartphones and communication devices in 2020 will become a major factor driving South Korea exports.According to the data of a strategic analysis market research company, Samsung Electronics' global mobile phone market share was as high as 32%in 2013, and fell to 18.4%in 2018, but the second quarter of last year was restored to 22.3%. Among them, the 5G smartphone mobile phone is popular.To the decisive role.In the field of communication equipment, Samsung Electronics' global market share in 2018 was only 5%, ranking fifth, and rose to 11%in the third quarter of last year to the fourth global.In the field of 5G equipment, the share of Samsung Electronics reached 23%, second only to Huawei ranked second in the world.

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Last year, South Korean communications companies cooperated with related companies from China and Japan to help promote the development of 5G related businesses."Central Daily" reported that communication equipment manufacturers PPI signed more than 40 billion won of 5G equipment supply agreements with China Special Information (SDGI); SK Telecom signed 5G network technology export agreement with Rakuten, the fourth largest mobile communication company in Japan, South Korea's communication service provider LG U+exported virtual reality content and virtual reality Live solution to China Telecom.

In April last year, South Korean President Moon Jae -in participated in South Korea & AMP; ldquo; 5g+strategy & amp; rdquo; it once stated that the South Korean government is currently promoting the 5G strategy at the national level.Occupy 15%of the world's market share, create 600,000 related positions, and achieve an export target of $ 73 billion.

South Korea plans to build a 5G network covering the country as soon as possible by 2022 to cultivate new industries based on 5G technology including autonomous driving cars, smart factories and smart cities.According to the Central Daily, the South Korean communication industry plans to start the 28GHz frequency band network around the first half of this year; in addition, South Korea will also realize the SA independent network commercialization, and users can always maintain 5G network connection; South KoreaThe government's budget invested in the 5G field this year also increased by 87%over last year.

In order to broaden the active application of 5G technology to promote the development of the industry, South Korean mobile communications companies also actively cooperate with domestic and foreign companies to cultivate 5G content industries such as augmented reality, virtual reality and cloud games.It is reported that LG U+will be invested 2.6 trillion won in the next five years for the production and supply of 5G content in the next five years.SK Telecom launched virtual reality services & amp; ldquo; virtual social world & amp; rdquo; this year, it will enter the United States and other overseas markets with Facebook, Kakao and other companies.