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The global 5G race: South Korea speeds ahead. IES Policy Brief Issue 2019/05, May 2019

Dieguez, Paula Cantero (2019) The global 5G race: South Korea speeds ahead. IES Policy Brief Issue 2019/05, May 2019. [Policy Paper]

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    Abstract

    South Korea has become the first country in the world to launch commercial 5G services on 3 April. 5G economic benefits are estimated to include worldwide revenues of €225 billion by 2025 and a wealth of job creation. The US, China, South Korea and the EU are economic powerhouses vying to lead the unfolding global 5G market. US and China are strongly positioned in the current telecom market, but their growing 5G competition is spilling over into geopolitical competition. Wary of being swept up in US-China rivalry, the Moon government is banking on building strong 5G market competitiveness and doubling down on the IT sector which represents a critical economic growth engine domestically.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > information technology policy
    EU policies and themes > External relations > EU-Asia-general > East and Southeast Asia
    Subjects for EU documents: 1-test
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Institutional Author: European Union, November 1993 to date > Commission
    Series: Series > Institute for European Studies (Brussels) > Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 23 Oct 2019 09:14
    Number of Pages: 4
    Last Modified: 23 Oct 2019 09:14
    URI: http://aei.pitt.edu/id/eprint/100404

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