Korea upgrade connection speeds

Once again, it’s encouraging to see how much ambition South Korea have as they announced their intention to keep themselves at the forefront on Internet connections by upgrading to fibre they hope to get 1Gb connections. They intent to invest 50m UKP of government money, matched by the same from private companies, over a five year period. It’s interesting to see they predict the value of exports this will bring at over $5bn by 2006.