All Koreans to Have 1Gbps Broadband by 2012

In America we think Charter's 60 Mbps Cable is fast, well in Korea the entire country will have 1 Gbps service by 2012, that's 16 times faster than Charter's fastest 60Mbps highspeed service. Currently, Koreans can get speeds up to 100 Mbps, which is still nearly double the speed of Charter's new 60 Mbps service. The new plan by the Korea Communications Commission (KCC) will cost 34.1 trillion ($24.6 billion USD) over the next five years. The central government will put up 1.3 trillion won, with the remainder coming from private telecom operators. The project is also expected to create more than 120,000 jobs - a win for the Korean economy.

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