Thought your phone?s 4G LTE is already lightning fast? Well, prepare to be disappointed ? the European Union and South Korea have recently announced a partnership to develop 5G wireless networks that are capable of providing speeds of up to 1,000 times faster than that of 4G.
The Wall Street Journal had seen draft documents about the said partnership and reported that the involved governments of the European Union (EU) and South Korea will establish a joint research group that will focus on the development of a 5G wireless networks system. Along with it, the group will be involved in crafting radio frequency preparation and technology standards to guarantee that the ultra-fast 5G technology will be accommodated in the years to come.
This agreement will be supervised by two major entities: the South Korean 5G forum and Europe’s 5G PPP. The main objective of the agreement is to ensure that it will have the dominant role in setting the vision and ?global consensus? related to this new technology by the end of 2015.
On the South Korean side, its government already announced a $ 1.49 billion investment earlier this year. This amount pledged by the government will be used to allow the South Korean masses to access 5G wireless networks. A South Korean Science ministry spokesman said: ?We helped fuel national growth with 2G services in the 1990s, 3G in the 2000s and 4G around 2010. Now it is time to take preemptive action to develop 5G.? The South Korean?s government is looking forward to its implementation with the help from major phone makers like Samsung and LG, as well as carriers such as Korea Telecom and SK Telecom.
The drive to work on a 5G wireless networks technology is apparently fueled by the need for faster mobile internet connectivity. 5G internet will deliver ?fiber-like? speeds to mobile devices, as suggested by the European Commission. Once executed, this technology will allow a person to download a full-length HD movie in less than 10 seconds. This declaration is illustrated by an infographic (see below) released in conjunction with the announcement of the EU-South Korea partnership.
If this South Korea-Europe combination somehow baffles you, consider that Samsung is based in South Korea ? it has one of the largest shares in the world?s smartphone and tablet market. In other words, while the EU has a huge market for 5G technology, South Korea is willing to work with the Europeans in order to bring 5G wireless networks via Samsung, and LG.