South Korea Is Building What Could Be the Future Standard in Wireless Speed

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Staff Writer. Covers leadership, media, technology and culture.
2 min read

How much would you pay for instant download ability?

South Korea's Ministry of Science and Technology announced plans to spend about $1.5 billion to build a national 5G wireless network to be commercially available by 2020. With the new 5G -- which would be 1,000 times faster than most 4G LTE networks -- users would be able download a full-length, 800-megabyte film in just one second. 

Yep, just one second. That's it.

Related: An Accelerated History of Internet Speed (Infographic)

The country's science ministry sees this plan as "preemptive," noting in a statement on Wednesday, "Countries in Europe, China and the US are making aggressive efforts to develop 5G technology...and we believe there will be fierce competition in this market in a few years."

South Korea is home to tech heavy-hitters like Samsung and LG, and is known for not only being an interconnected nation, but having the fastest internet in the world. The 5G network would not only be a boon for country's mobile and telecommunications industries. Apparently the faster internet speed would make it possible for travelers on 310 mph bullet trains to get access to their e-mail and preferred social media networks.

When wireless reaches that speed in the U.S., well, watch out.

Related: Gangnam: The Silicon Valley of South Korea

More from Entrepreneur
Our Franchise Advisors are here to help you throughout the entire process of building your franchise organization!
  1. Schedule a FREE one-on-one session with a Franchise Advisor
  2. Choose one of our programs that matches your needs, budget, and timeline
  3. Launch your new franchise organization
Discover the franchise that’s right for you by answering some quick questions about
  • Which industry you’re interested in
  • Why you want to buy a franchise
  • What your financial needs are
  • Where you’re located
  • And more
Try a risk-free trial of Entrepreneur’s BIZ PLANNING PLUS powered by LivePlan for 60 days:
  • Get step-by-step guidance for writing your plan
  • Gain inspiration from 500+ sample plans
  • Utilize business and legal templates
  • And much more

Latest on Entrepreneur