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Finance minister says launch of 5G wireless network will help raise people's quality of life

Arirang News 2019-02-20

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홍남기 "다음 달 세계 최초 5G 개시...삶의질 개선"

South Korea's finance minister says the 5G wireless network, which will be launched in Korea next month, will help improve people's quality of life.
At a meeting Wednesday on innovative growth strategy, Minister Hong Nam-ki said the government's tax incentives and R&D investment in the 5G wireless network have been fruitful and that the country's top three mobile carriers will invest more than 2-point-six billion U.S. dollars in 5G this year.
He added that the government has chosen the first two locations for the establishment of smart industrial zones: Changwon in Gyeongsangnam-do province, and Banwol Sihwa in Gyeonggi-do province.
The government's plan is to create 10 smart industrial complexes by 2022 as part of efforts to boost manufacturing competitiveness.

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