South Korea plans to invest in 4G and 5G development in Ukraine
The Republic of Korea announced plans to invest in the development of digital infrastructure for 4G and 5G network capability in Ukraine. This was reported by the Press Service of the Ministry of Economic Development after the meeting of First Vice Prime Minister of Ukraine Stepan Kubiv with Korean Ambassador Li Yang Gu and representatives of the Korean Investment Corporation K-Growth.
“The volumes of mutual trade and investment in Ukraine by the Republic of Korea are not yet significant. It’s time to change this situation and develop effective cooperation, especially in the development of information infrastructure for 4G and 5G in Ukraine,” Kubiv said.
According to him, cooperation is one of the overriding priorities of the work of the government and the Ministry of Economic Development, and Korea is an acknowledged world leader in mentioned field.
Towards the end of 2016, Ukraine began working on the development of 5G communication. Local mobile operator LifeCell and manufacturing companies Ericsson and Huawei, which produce equipment for communication networks, announced the joint development of the fifth generation communication standards.