South Korea aims to create around 1,800 companies that specialize in new 5G services within the next five years, local news agency Yonhap reported.
According to the report, the government expects the creation of these new firms will boost the adoption of promising and innovative technologies powered by 5G.
South Korea’s ICT ministry also said it wants to boost the number of companies that research and develop new 5G services, because there are only 94 firms in the country currently developing 5G-based services.
The government’s initiative aims to support the rollout of services that incorporate 5G technologies, including online classes that incorporate virtual reality and augmented reality technology.
